Opening snapshot
Chinese domestic BCI ****B cotton closed the week ending July ** at **,*** CNY/tonme, down *.** per cent from the previous week following a *.** per cent decline on Friday. The sell-off coincided with the USDA**;s July WASDE, which raised ****/** US cotton production by ***,*** bales and increased projected global supply by ***,*** bales. In contrast, South Asian markets remained stable, with BCI Shankar-* (India) and BCI KCA Spot (Pakistan) ending the week unchanged.
Key price movement
BCI ****B opened the week at **,*** CNY/tonne, climbed to a weekly high of **,*** CNY/tonne on Wednesday, and then retreated over the final two sessions. Prices eased *.** per cent on Thursday before Friday recorded the week**;s steepest single-session decline of *.** per cent. From Wednesday**;s peak to Friday**;s close, the benchmark lost ***.* CNY/tonne, or *.** per cent.
India**;s BCI Shankar-* remained unchanged at ****;***/kg ($*.**/kg) throughout the week, while Pakistan**;s BCI KCA Spot held steady at PKR ***.*/kg, highlighting the divergence between China**;s market-driven correction and South Asia**;s stable pricing environment.
Why prices moved
