The Cootlook A (unit: cents/pound) index is an indicator that reflects the spot price level of the international cotton market. It was born in 1966 and published by Cotlook, UK. Its purpose is to answer “What is the world price of cotton?” “question.
Since its establishment, the index has undergone a series of changes in order to reflect changes in raw cotton trade in a timely manner. For example, its initial benchmark grade was SM1-1/16”, and now it has become M1-3/32” (equivalent to 328 of national cotton). This is mainly because most of the global cotton production belongs to this grade, so it has a negative impact on global trade. To be representative.
The CotlookA index is the average of the 5 cheapest quotes among 19 cotton varieties (currently). The basic principle of using this calculation method is that the varieties with cheap quotations should also be the varieties with frequent transactions on the day of quotation. After years of practice, this index calculation method has proven to be effective.
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