East Asia · JP · Osaka mill-delivered
Japan
A base-grade ICE bale in Japan is $490.08 — +17.0% versus the US nearby.
Bale
$490.08
217.7 kg net
Cents per pound
102.1 ¢
SLM 1-1/16″ equivalent
vs ICE
+17.0%
Rank 3 of 41
Bales per $1,000
2.04
US buys 2.39
Local quote
- Currency
- JPY · yen
- FX / USD
- 148 JPY
- Per kilogram
- 332.69 JPY
- Per bale
- 72,434 JPY
- Implied PPP
- 172.975 JPY / USD
- Market FX
- 147.800 JPY / USD
The implied PPP rate is richer than the market rate — yen looks overvalued on a cotton basket.
The physical
- Role
- Import mill
- Production
- 0 bales
- Mill use
- 420K bales
- Source
- Osaka mill-delivered
- Tier
- mill
A quality-sensitive mill market. Quoted lots are often California/Arizona or Australian, invoiced a step above generic SLM.