ICE cotton futures market sharply lower

ICE cotton futures market was sharply lower. Contract of Mar closed at 91.19cent/lb, down 2.68cent/lb and contract of May closed at 91.69cent/lb, down 2.73cent/lb. In short, the strength of bulls is exhausted and the ICE cotton may fall down to around 90cent/lb.

Cotlook A Index remained unchanged at 101.6cent/lb.