Cotton Price Movement on Mar21’

Most benchmark prices increased throughout February but decreased in early March.

In international terms, the China Cotton Index (CC Index 3128B) increased from 110 to 117 cents/lb between early February and early March.

In domestic terms, values climbed from 15,600 to 16,700 RMB/ton. More recently, the CC Index slipped to 115 cents/lb or 16,300 RMB/ton.

Over the past month, the RMB strengthened and then weakened against the USD, with exchange rates varying between 6.44 and 6.50 RMB/USD.

#Cotton price movement #A Index # CC Index

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