Domestic Cotton Spot Prices Surge Significantly

On February 25th, the weighted average price of national standard-grade cotton (Grade 3128B) was 16,329 yuan per ton, up 241 yuan per ton before the holiday, with a month-on-month increase of 357 yuan per ton and a year-on-year increase of 1,348 yuan per ton. Before the Spring Festival, downstream companies had sufficient orders, and after the holiday, the peak consumption season of “Golden March and Silver April” is approaching. The market is generally optimistic about the future, and the overseas cotton prices have also strengthened. Multiple factors have contributed to a significant rise in domestic cotton prices. (National Grain and Oil Information Center)

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