Major events of China cotton market in 2021

In the first half year of 2021, the upswing of cotton prices have not gone smoothly. The recovery of demand and inflation made the industrial fundamental gain strong support, and there was also impetus from the plant expectation in supply side. Cotton prices were easy to rise but hard to decline overall. Nevertheless, macro environment was volatile in the first half year, and when cotton prices intended to break though, the macro environment would dampen the market. In the second half year, cotton prices rebounded strongly.

In the beginning of 2021, CCFGroup Chinese 3128 cotton price was 15,315yuan/mt, declined to the lowest of the year at 14,835yuan/mt on Mar 26, while reached the yearly highest of 23,155yuan/mt on Nov 8. By Dec 31, the yearly increment was 45.41%.

ZCE major cotton contract: the contract was 15,080yuan/mt in the beginning of 2021, to the lowest of the year at 14,285yuan/mt on Mar 26, and reached the highest of 22,960yuan/mt on Oct 18.