Cotton market remains stable, prices slightly up

As per to Cotton Incorporated's latest report, the global cotton market has experienced minimal price fluctuations in recent months. Key benchmarks, including the US December NY/ICE futures contract and the A Index, have remained relatively steady.

In China, domestic cotton prices have fluctuated slightly, but the Chinese Cotton Index (CC Index 3128B) has remained stable. While the yen appreciated against the US dollar, Indian cotton prices increased marginally. The spot price of Shankar-6 quality cotton rose from 86 to 90 cents per pound.

Pakistan also saw a slight increase in cotton prices, with the spot price rising from 76 to 81 cents per pound. Despite the stable Pakistani rupee, domestic prices increased due to higher international rates.

Overall, the cotton market has demonstrated resilience, with prices exhibiting only minor changes. This stability can be attributed to factors such as consistent demand and a balanced supply-demand dynamic.