ICE Cotton Futures Market Edges Up
ICE cotton futures market edged up.
Cotton contracts for Jul closed at 85.87 cents per lb, up 0.40 cents per lb and Dec contract closed at 80.54 cents per lb, up 0.42 cents per lb. Turnover continued to decrease and trading sentiment was relatively thin. In short run, the market may keep range-bound.
Cotlook A Index declined by 0.70cent/lb to 93.95cent/lb.
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