International Cotton Market

18-Dec-2024 08:10 AM

International Cotton Market
ICE Cotton Futures: Prices dropped by 31 to 43 points, influenced by a stronger U.S. dollar (up 104 points) and weaker crude oil (down 45 cents/barrel).
The Seam Transactions: Online sales amounted to 6,398 bales of U.S. cotton on December 16, averaging 64.11 cents per pound.
Certified Stocks: ICE cotton stocks remained steady at 20,113 bales on Monday.
Cotlook A Index: This benchmark fell by 75 points, reaching 79.50 cents per pound as of December 13.
USDA Adjusted World Price (AWP): The AWP was reduced by 152 points to 56.22 cents per pound last Thursday.
These developments reflect both global market conditions and domestic pricing adjustments, signaling potential challenges in the cotton trade sector.