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.
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