ICE cotton continues to rebound

ICE cotton futures market continued to rebound, with strong support at the level of 66cent/lb. Contract of Dec closed at 67.11cent/lb, up 0.47cent/lb and contract of Mar closed at 68.42cent/lb, up 0.44cent/lb. Pay attention to the USDA's Aug supply and demand report on Aug 12.

Cotlook A Index rose by 0.25cent/lb to 77.75cent/lb.