East Asia · CN · CC Index 3128B / ZCE
China
A base-grade ICE bale in China is $568.32 — +35.7% versus the US nearby.
Bale
$568.32
217.7 kg net
Cents per pound
118.4 ¢
SLM 1-1/16″ equivalent
vs ICE
+35.7%
Rank 1 of 41
Bales per $1,000
1.76
US buys 2.39
Local quote
- Currency
- CNY · yuan
- FX / USD
- 7.120 CNY
- Per kilogram
- 18.59 CNY
- Per bale
- 4,046 CNY
- Implied PPP
- 9.663 CNY / USD
- Market FX
- 7.120 CNY / USD
The implied PPP rate is richer than the market rate — yuan looks overvalued on a cotton basket.
The physical
- Role
- Producer and mill
- Production
- 27.6M bales
- Mill use
- 35.5M bales
- Source
- CC Index 3128B / ZCE
- Tier
- exchange
Domestic 3128B mill-delivered. Import quotas and the sliding-scale tariff keep Xinjiang cotton structurally above ICE — the widest producer premium in the index.