During the week, the planned rotation of reserve cotton totaled 78,000 tons, and the actual turnover was 60,840 tons, with a turnover rate of 78%; the maximum bidding price for rotation bidding was 12,901 yuan / ton, down 243 yuan / ton from the previous week.

From December 2nd, 2019 to March 20th, 2020, the actual turnover of the reserve cotton wheel was 291,000 tons, of which the accumulated amount of Xinjiang treasury was 12,480 tons and the accumulated amount of inland treasury was 278520 tons.

In the same week, affected by the two U.S. stock market crashes triggered on the 16th and 18th, the market panic was strong, and the international cotton price fell all the way. On the domestic front, companies say that it will take time for the market to recover. Although most textile companies have resumed work, consumer demand is worrying and orders are relatively light. Affected by the above factors, the market predicts that the market recovery is weak in the short term and will continue the downward trend.

In the week, Zheng cotton futures and spot prices fell sharply due to the impact of the international economic situation. Taking Zhengmian's main contract as an example, on the 16th, the CF005 settlement price dropped by 185 yuan / ton from the previous trading day, and then basically maintained a downward trend until the end of the week. The average weekly settlement price was 11,386 yuan / ton, which was a decrease of 808 from last week RMB / ton; the average weekly price of 3128 cotton is RMB 11,730 / ton, down by RMB 836 / ton from last week. During the week, the turnover rate of reserve cotton rounds fluctuated. The cotton spot rose slightly on the 17th. The wait-and-see mood of cotton-related companies has strengthened, and the turnover rate has dropped to 12%. Later, due to the decline in domestic and foreign spot prices, the turnover rate has quickly recovered To 73.6%, and then maintain a 100% turnover rate until the end of this week's rotation.

On March 22, China Reserve Cotton Management Co., Ltd. issued an announcement that according to Article 11 of the "Implementation Rules for the Implementation of Xinjiang Cotton Rotation in 2019", from March 18 to 20, 2020, the difference between the domestic and foreign cotton prices has been three consecutive working days More than 800 yuan / ton, on March 23 began to suspend Xinjiang cotton wheel trading. During the rotation period, when the difference between the domestic and foreign cotton prices fell below 800 yuan / ton, the listing transaction was restarted on the first working day after the fall.

The Xinjiang cotton round entry in 2019 will end on March 31. The China Cotton Association is here to remind cotton-related enterprises to pay close attention to changes in the domestic and foreign cotton markets, seize opportunities, and do a good job of cotton purchase and sales.