SunSirs: The Slight Decline in Cotton Quotes and Its Market Impact
April 09 2026 15:35:13 SunSirs (John)
On April 8, quotes at China's major ports edged lower. The International Cotton Price Index (SM) stood at 83.44 cents per pound—down 0.31 cents per pound—translating to a general trade port delivery price of 14,155 RMB/ton (calculated based on a 1% tariff and the Bank of China's central parity rate; the same applies hereinafter); the International Cotton Price Index (M) stood at 81.51 cents per pound—down 0.32 cents per pound—translating to a general trade port delivery price of 13,832 RMB/ton.
Analysis and Commentary
Lint Cotton
The International Cotton Price Index (SM and M grades) edged down by 0.31–0.32 cents per pound. Converted into port-delivery prices, this translates to a decline to 14,155 RMB/ton and 13,832 RMB/ton, signaling either an oversupply of spot cotton or sluggish demand, which has driven prices lower. This reflects weak market fundamentals, exerting a generally bearish influence on spot raw cotton prices and potentially dampening traders' willingness to make purchases.
Cotton Yarn
As a downstream product of raw cotton, a decline in cotton prices directly reduces cotton yarn production costs, potentially triggering a corresponding downward trend in spot cotton yarn prices. The slight dip in quoted prices noted in this article suggests insufficient support from the demand side; this exerts moderate bearish pressure on the spot cotton yarn market, thereby impacting the profit margins and inventory strategies of textile enterprises.
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