Cotton market fundamentals & price outlook :MAY 2020
Cotton market fundamentals & price outlook :MAY 2020
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摘要:
Recent Price Movement
Most benchmark prices were flat to higher over the past month. Indian prices edged slightly lower.
? The nearby July NY futures contract rose from 53 to 58 cents/lb.
? The A Index climbed from 63 to 65 cents/lb.
? In international terms, the China Cotton Index (CC Index 3128B) was comparatively stable near 73 cents/lb. In domestic terms, prices were also flat and traded around 11,400 RMB/ton. The RMB was steady against the dollar near 7.08 RMB/ USD.