China Cotton Daily Price (5 Jan 2011)
| Cotton Price | Quotes | Change |
| CNCotton A | 28517 | 7 |
| CNCotton B | 27767 | 7 |
| SCE CA11014 | 27780 | -30 |
| CZCE CF 1101 | 28695 | 35 |
| CNCE MA 1101 | 27655 | 63 |
| International Cotton Index(SM) | 173.32 | -73 |
| International Cotton Index(M) | 171.66 | -85 |
| Unit: Yuan per Ton; Cent per Pound | ||
CNCotton A is 28,540, up 23 and CNCotton B is 27,796, up 29.
ZCE cotton CF101 is 28,695, unchanged
CNCE MA1101 is 27,924, up 269.
Import price advanced today. U.S. and Indian posted strong gains. West African and CIS styles were moderately higher.
Yarn sales has been improving lately, with price heading higher in recent days. Spinners appear somewhat relieved now and demand for raw cotton is on the rise. Previously idled capacities are quickly reactivated by using cheap styles. Some large mills are preparing for post-holiday production and offtake is increasing.
ZCE cotton futures opened flat and closed slightly higher. As domestic fundamentals improves, RMB rate continued to rise, reaching a new high since the reform in 2005. Cotton futures will continue to look for direction in the near term.
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