ICE cotton futures market rebounds

ICE cotton futures market rebounded. Contract of Dec closed at 63.76cent/lb, up 0.25cent/lb and contract of Mar closed at 65.33cent/lb, up 0.24cent/lb. The U.S. cotton data was still not updated and the market lacked guidance. But the expectations of ordinary demand outlook and high supply made futures market weak.

Cotlook A Index reduced by 0.10cent/lb to 74.85cent/lb.