East Asia · KR · Incheon mill-delivered
South Korea
A base-grade ICE bale in South Korea is $482.88 — +15.3% versus the US nearby.
Bale
$482.88
217.7 kg net
Cents per pound
100.6 ¢
SLM 1-1/16″ equivalent
vs ICE
+15.3%
Rank 5 of 41
Bales per $1,000
2.07
US buys 2.39
Local quote
- Currency
- KRW · won
- FX / USD
- 1,395 KRW
- Per kilogram
- 3,093.90 KRW
- Per bale
- 673,618 KRW
- Implied PPP
- 1,608.631 KRW / USD
- Market FX
- 1,395.000 KRW / USD
The implied PPP rate is richer than the market rate — won looks overvalued on a cotton basket.
The physical
- Role
- Import mill
- Production
- 0 bales
- Mill use
- 1.1M bales
- Source
- Incheon mill-delivered
- Tier
- mill
Quote is an SLM 1-1/16″ equivalent at the mill or gin, converted at survey FX against ICE Dec 2026 at 87.24 ¢/lb.