By Dec 31, 2022, inspection volumes of Xinjiang cotton totaled 2.9365 million tons, down 36% year on year. 1. Color index   2022/23 Xinjiang cotton color index (volume, by end Dec, KT) 2021/22 2022/23 Yearly change white, grade-1 7.15 10.52 3.4 white, grade-2 357.74 249.18 -108.6 white, grade-3 3562.82 2226.69 -1336.1 white, grade-4 579.46 415.56 -163.9 light spotted, grade-1 18.81 13.50 -5.3 light spotted, grade-2 22.19 12.20 -10.0 others 15.50 8.61 -6.9 whilte, grade-3 and above 3927.7 2486.4 -1441.3 Total 4563.7 2936.2 -1627.4 Proportion in total 86.1% 84.7% -1.39% Source: China Fibre Inspection Bureau   By end Dec, the proportion of white, grade-3 cotton and above in total 2022/23 Xinjiang cotton reached 84.7%, up 2.8 percentage point from end Nov, but down 1.4 percentage point from the same period of last year. The proportion of white, grade-2 cotton and white, grade-4 cotton was up 0.9 and 0.1 percentage point from last year.   2. Length   2022/23 Xinjiang cotton length index (volume, by end Dec, KT) 2021/22 2022/23 Yearly change ≥30mm 729.40 291.53 -437.9 29mm 2303.83 1370.25 -933.6 28mm 1377.22 1101.81 -275.4 27mm 149.40 164.85 15.5 ＜27mm 3.81 7.81 4.0 length 28mm and above 4410.5 2763.6 -1646.9 Total 4563.7 2936.2 -1627.4 Proportion in total 96.6% 94.1% -2.5% Source: China Fibre Inspection Bureau   By end Dec, the proportion of cotton with length at 28mm and above reached 94.1%, flat from end Nov, but down 2.5 percentage point from the same period of last year. Proportion of cotton with length at 29mm and above was 56.6%, up 0.1 percentage point from end Nov, but down 9.9 percentage point from the same period of last year.   3. Breaking tenacity   2022/23 Xinjiang cotton breaking tenacity (volume, by end Dec, KT) 2021/22 2022/23 Yearly change S1 294.46 285.15 -9.3 S2 1739.19 1152.90 -586.3 S3 2431.92 1460.14 -971.8 S4 97.19 37.91 -59.3 S5 0.89 0.16 -0.7 S3 and above 4465.6 2898.2 -1567.4 Total 4563.7 2936.2 -1627.4 Proportion in total 97.9% 98.7% 0.85% Source: China Fibre Inspection Bureau   Due to the set of indictors, the strength of 26gpt and 27gpt cannot be figured out in S3 (26.0-28.9gpt). By end Dec, cotton that can meet the demand of Zhengzhou Commodity Exchange on strength reached 98.7%, down 0.1 percentage point from end Nov, but up 0. 85 percentage point from the same period of last year. By end Dec, the proportion of cotton with strength at 29gpt and above was 48.97%, down 0.56 percentage point from end Nov, up 4.41 percentage point from last year.   4. Length uniformity   2022/23 Xinjiang cotton length uniformity (volume, by end Dec, KT) 2021/22 2022/23 Yearly change U1 0.94 0.60 -0.3 U2 1437.45 772.46 -665.0 U3 3071.81 2099.48 -972.3 U4 53.33 63.24 9.9 U5 0.13 0.47 0.3 U3 and above 4510.2 2872.5 -1637.7 Total 4563.7 2936.2 -1627.4 Proportion in total 98.8% 97.8% -1.00% Source: China Fibre Inspection Bureau   By end Dec, for length uniformity, proportion of cotton that can meet the demand of Zhengzhou Commodity Exchange reached 97.8%, down 1.0 percentage point from last year.   5. Micronaire   2022/23 Xinjiang cotton micronaire (volume, by end Dec, KT) 2021/22 2022/23 Yearly change A, 3.7～4.2 506.11 250.36 -255.7 B1, 3.5～3.6 18.52 3.22 -15.3 B2, 4.3～4.9 3386.63 2343.36 -1043.3 C1, ≤3.4 6.27 1.12 -5.1 C2, ≥5.0 646.12 338.17 -307.9 A+B 3911.3 2596.9 -1314.3 Total 4563.6 2936.2 -1627.4 Proportion in total 85.7% 88.4% 2.7% Source: China Fibre Inspection Bureau   By end Dec, for Micronaire, proportion of cotton that can meet the demand of Zhengzhou Commodity Exchange reached 88.45%, up 3.9 percentage point from end Nov and up 2.7 percentage point from last year.   6. Ginning quality   2022/23 Xinjiang cotton ginning quality (volume, by end Dec, KT) 2021/22 2022/23 Yearly change P1 13.47 14.44 1.0 P2 4531.04 2917.68 -1613.4 P3 19.14 4.12 -15.0 P1+P2 4544.5 2932.1 -1612.4 Total 4563.6 2936.2 -1627.4 Proportion in total 99.6% 99.9% 0.28% Source: China Fibre Inspection Bureau   By end Dec, proportion of cotton that can meet the demand of Zhengzhou Commodity Exchange approached 99.9%, up 0.28 percentage point from last year.   Conclusion New cotton inspection speed is slow impacted by the epidemic, which cannot be analyzed well on the cotton quality from the volumes, and the quality is mainly analyzed from the proportion. In Dec, the color and micronaire indicators of new cotton improve from Nov, while other indicators change little.   By Dec, 2022, new cotton that can meet the demand of ZCE takes a share of 84.7%, which is mainly dragged down by color index. Proportion of cotton with length at 29mm and strength at 29gpt and above is 48.97%, down 0.56 percentage point from end Nov, up 4.41 percentage point from last year, but proportion of length at 29mm and above is 56.6%, down 9.9 percentage point from the same period of last year. In addition, the Fiber Inspection Bureau has not published the indicator of trash content, and it is heard that the trash content is higher than last year.