Cotton industrial chain prices witness the largest decrease in 2022

Cotton textile market experiences a difficult year in 2022, with the demand restrained by multiple outbreaks of the epidemic, inflation, Russia-Ukraine war and the U.S. ban on Xinjiang cotton. Cotton industrial chain becomes the worst variety. ZCE cotton futures have dipped over 40% compared with the beginning of the year.

Cotton, cotton yarn and cotton grey fabric prices had lager decrease. Only VSF and PSF prices rose slightly compared with the early period of 2022, while other product prices all dropped. The price change from 2022/23 crop year is showed below (from Sep, 2022).