07/2014
Circular:
Status:
Wednesday 2 July 2014
No change since previous circular
Notes: 1. Value differences recorded in pink boxes are based on current market evidence available to the ICA
2.
3.
4.
5.
B = Basis
Value differences are operative on the business day following the date of this circular
All value differences are published in US cent points per pound
The ICA accepts no responsibility for the accuracy of the information contained in this circular
Grade and staple
African Francozone
Grade
0
-
1
B
2
-
3
-
Staple
B
C
C-1/2
D
D-1/2
E
400
200
B
-300
-600
-900
1.5/32"
125
1.1/8"
B
1.3/32"
-125
1.1/16"
-275
1.3/32"
1.1/16"
1.1/32"
inch
31/32"
50
B
-50
-200
-300
1.3/16"
1.5/32"
1.1/8"
1.3/32"
1.1/16"
-
50
B
-100
-300
Argentine
Grade
Australian
Grade
(based on Universal Standards)
GM
SM
MID
SLM
100
B
-100
-300
F Staple
-1200
Staple
Azerbaijan (Sawginned)
Grade
AZ1
AZ2
AZ3
AZ4
1
200
100
-200
-1200
2
150
-150
-500
-1350
3
B
-400
-900
-1600
4
-250
-700
-1500
-1750
AZ5
-1600
-2000
-2500
-2750
3
B
-400
-900
-1600
-2500
4
-250
-700
-1500
-1750
-2750
5
-500
Staple
1.1/8"
100
1.3/32"
50
1.1/16"
B
1.1/32"
-50
inch
-
5
-500
Staple
1 5/32"
150
1.1/8"
100
1.3/32"
50
1.1/16"
B
1.1/32"
-
Staple
1.5/32"
200
1.1/8"
100
1.3/32"
B
1.1/16"
-150
1.1/32"
-
Azerbaijan (Roller Ginned)
Grade
AZ1
AZ2
AZ3
AZ4
AZ5
1
200
100
-200
-1200
-1600
2
150
-150
-500
-1350
-2000
inch
-
Brazilian (based on Universal Standards)
Grade
White
Spotted
SM
100
-150
M
B
-250
SLM
-100
-350
LM
-300
-550
Chinese (do not represent the trash content, which is determined by instrument testing)
Grade
One
B
Two
-50
Three
-100
Four
-250
Five
-450
Six
-750
Seven
-1050
Staple
Published by the International Cotton Association Limited (ICA), in association with Bremer Baumwollbörse (BBB)
e: [email protected] www.ica-ltd.org t: 44 (0) 151 236 6041
1.1/8"
B
1.3/32"
-75
1.1/16"
-
Page 1 of 5
El Paso (based on Universal Standards)
Grade
GM
75
SM
B
MID
-100
SLM
-300
LM
-700
Staple
1.3/16"
150
1.5/32"
50
1.1/8"
B
1.3/32" 1.1/16"
-100
-300
Staple
1.5/32"
200
1.1/8"
100
1.3/32"
B
1.1/16"
-100
Staple
1.1/8"
75
1.3/32"
B
1.1/16"
-50
1.1/32"
-125
Staple
1.1/8"
-
1.3/32"
B
1.1/16"
-50
1.1/32"
-150
Greek (based on Universal Standards)
Grade
SM
-
M
100
SLM
B
LM
-150
Good Average
200
B
Usual
-150
Weed
-300
-400
-675
-650
-850
Kyrgyzstan
Grade
I
Maximum
300
II
III
50
-125
-350
-175
-525
inch
-
Mexican (based on Universal Standards)
Grade
GM
175
SM
100
MID
B
SLM
-200
Grade
DCH-32
SUPERFINE
100
FINE
B
FULLY GOOD
-100
Staple
DCH-32
1.9/16"
500
1.1/2"
300
1.7/16"
B
1.3/8"
-400
Grade
SUPERFINE
FINE
FULLY GOOD
Staple
1.3/16"
1.5/32"
1.1/8"
1.3/32"
B
-100
200
100
B
-150
SUPERFINE
100
FINE
B
FULLY GOOD
-100
Staple
MECH-1
1.3/16"
200
1.5/32"
100
1.1/8"
B
1.3/32"
-150
Grade
SUPERFINE
J34 Sawginned
100
FINE
B
FULLY GOOD
-100
Staple
J34 Sawginned
1.3/32"
B
1.1/16"
-100
1.1/32"
-200
inch
-300
Grade
FINE
FULLY GOOD
Staple
1.3/16"
1.5/32"
1.1/8"
B
-100
200
B
-200
Indian
SHANKAR 6
Grade
MECH-1
100
SUPERFINE
BUNNY
100
BENGAL DESHI
SUPERFINE
120
SHANKAR 6
BUNNY
FINE
B
FULLY GOOD
-80
Mozambique
Grade
Extra
175
1
100
2
B
3
-200
4
-300
5
-550
6 Staple
-950
1.1/8"
100
1.3/32"
B
1.1/16"
-100
1.1/32"
-200
Super
-
1
-
2
100
3
B
4
-100
5
-200
Staple
1.1/8"
-
1.3/32"
100
1.1/16"
B
1.1/32"
-100
inch
-200
No 3
200
No 4
B
No 5
-200
No 6
-350
No 7
-
No 8
-
Staple
1.5/32"
-
1.1/8"
50
1.3/32"
B
1.1/16"
-50
1.1/32"
-
No 5
B
B
No X6
-100
-100
No 6
-100
-300
No C6
-
1.5/32"
250
1.1/8"
150
1.3/32"
50
1.1/16"
B
Pakistan (Sawginned)
Grade
31/32"
-
15/16"
-
Paraguayan
Grade
Sudanese ('X' represents a different staple for the grade as numbered)
BARAKAT
Grade
Staple
No 1
400
1200
No X2
300
1100
No 2
300
900
No X3
200
800
No 3
200
600
ZERO
B
No 1
-75
No 2
-150
No 3
-
No X4
100
500
No 4
100
300
No X5
NIL
200
Syrian (Sawginned)
Grade
EXTRA
100
Staple
Published by the International Cotton Association Limited (ICA), in association with Bremer Baumwollbörse (BBB)
e: [email protected] www.ica-ltd.org t: 44 (0) 151 236 6041
1.1/32"
-100
Page 2 of 5
Tanzanian (Mwanza)
Roller Ginned
Grade
TANG GANY +½ GANY GANY -½
300
150
B
-150
Sawginned
Grade
TANG GANY +½ GANY GANY -½
250
100
B
-150
YIKA
-350
Staple
1.1/8"
100
1.3/32"
B
1.1/16"
-150
YIKA
-350
Staple
1.1/8"
100
1.3/32"
B
1.1/16"
-100
Turkish
RG IZMIR (EGE)
RG IZMIR (EGE)
Grade
RG IZMIR
LIGHT SPOTTED
No 1
B
-250
No 2
-350
-550
No 3
-650
-850
Staple
1.5/32"
50
1.1/8"
B
1.3/32"
-50
1.1/16"
-
1.1/32"
-
RG SOUTHEAST
Grade
RG SE
LIGHT SPOTTED
EXTRA
100
No 1
B
-150
RG SOUTHEAST
Staple
1.1/8"
50
1.3/32"
B
1.1/16"
-50
1.1/32"
-
inch
-
SG UPLAND
Grade
SG UPL'D
LIGHT SPOTTED
EXTRA
150
No 1
B
-
No 2
-200
SG UPLAND
Staple
1.3/32"
50
1.1/16"
B
1.1/32"
-50
inch
-
2
B
3
-200
4
-500
5
-700
6
-1100
Staple
1.3/32"
B
1.1/16"
-125
1.1/32"
-175
inch
-
UCON
150
UCOB
75
UCOP
B
UCOA
-100
UCOM
-225
Staple
1.5/32"
100
1.1/8"
B
1.3/32"
-100
1.1/16"
-200
1.1/32"
-
Staple
1.1/8"
50
Turkmenistan
Grade
1
300
1.1/8"
125
Ugandan
BPA
Grade
Sawginned
Grade
UCOSA I
100
UCOSA II
B
USA California Acala SJV
Grade
GM
200
SM
100
(based on Universal Standards)
MID
SLM
LM
B
-300
-
USA California / Arizona DPL
Grade
GM
250
SM
150
MID
B
(based on Universal Standards)
SLM
LM
-300
-
Staple
1.7/32"
350
1.3/32"
B
1.3/16"
200
1.5/32"
100
1.1/8"
B
1.3/32"
-200
1.1/16"
-400
1.5/32"
-
1.1/8"
100
1.3/32"
B
1.1/16"
-400
1.1/32"
-500
1.1/8"
200
1.3/32"
100
1.1/16"
B
1.1/32"
-150
inch
-300
31/32"
-350
1.1/8"
200
1.3/32"
100
1.1/16"
B
1.1/32"
-75
inch
-200
31/32"
-300
1.1/2"
200
1.7/16"
B
1.3/8"
-200
1.5/16"
-350
Staple
USA Texas (based on Universal Standards)
Grade
White
Spotted
Tinged
GM
300
PAR
n/a
SM
150
-50
-300
MID
B
-300
-500
SLM
-100
-450
-650
USA Other American Raingrown
Grade
White
Spotted
Tinged
GM
250
PAR
n/a
SM
150
-100
-300
MID
B
-300
-500
SLM
-100
-425
-650
1
150
2
B
3
-1000
LM
-300
-600
-800
SGO
-
GO
-
Staple
(based on Universal Standards)
LM
SGO
GO
Staple
-300
-600
-800
-
15/16"
-350
USA Pima
Grade
4
-1500
5
-
6
-
Staple
Published by the International Cotton Association Limited (ICA), in association with Bremer Baumwollbörse (BBB)
e: [email protected] www.ica-ltd.org t: 44 (0) 151 236 6041
Page 3 of 5
Uzbekistan (Medium Staple)
Grade
BIRINCHI
IKKINCHI
UCHINCHI
TURTINCHI
BESHINCHI
OLIY JAKSHI
375
275
50
-75
-300
-1075
-
URTA
B
-175
-400
-1250
-
ODDIY
-150
-400
-675
-1325
-
IFLOS
-300
-650
-850
-1400
-
Staple
1.1/8"
125
1.3/32"
B
1.1/16"
-125
1.1/32"
-175
inch
-
URTA
B
-350
-725
-1725
-3500
ODDIY
-300
-625
-925
-1825
-4000
IFLOS
-600
-950
-1125
-2100
-4325
Staple
1.7/16"
100
1.3/8"
B
1.5/16"
-
1.1/4"
-
1.3/16"
-
Uzbekistan (Long Staple)
Grade
BIRINCHI
IKKINCHI
UCHINCHI
TURTINCHI
BESHINCHI
OLIY JAKSHI
425
300
100
-150
-525
-1425
Micronaire
Rule 235:
(Please read ICA Rules 233 to 236 for further information)
1. In any dispute about micronaire, the procedure in Rule 233 will apply unless the parties agree otherwise
2. Unless the buyer and seller agree otherwise
For American cotton:
For contracts that set a minimum micronaire value, the
allowances for bales not reaching this minimum is:
If the contract sets out a minimum of 3.5 (3.5 NCL or 3.8
UCL) or higher:
For contracts that set a maximum micronaire value, the
allowances for bales that go over this maximum is:
If the contract sets out a maximum of 4.9 or lower:
Above the control limit
% allowance
0.1
0.5
0.2
1.0
0.3
2.0
0.4
3.0
0.5
4.0
0.6
5.0
and so on by + 1% for each 0.1 micronnaire
Cotton reading
% allowance
2.9 to 2.6 inclusive
increase to 3%
for each 0.1 below 3.0
2.5 or below
increase to 4%
for each 0.1 below 2.6
Above the control limit
% allowance
0.1
0.5
0.2
1.0
0.3
2.0
0.4
3.0
0.5
4.0
0.6
5.0
and so on by + 1% for each 0.1 micronnaire
Cotton reading
% allowance
5.6 or higher
increase to 3%
for each 0.1 above 5.6
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Page 4 of 5
For non-American cotton:
Above the control limit
For contracts that set a minimum micronaire value, the
allowances for bales not reaching this minimum is:
0.1
0.5
0.2
1.0
0.3
2.0
0.4
3.0
0.5
4.0
0.6
5.0
and so on by + 1% for each 0.1 micronnaire
If the contract sets out a minimum of 3.5 (3.5 NCL or
3.8 UCL) or higher:
For contracts that set a maximum micronaire value, the
allowances for bales that go over this maximum is:
Rule 236:
Cotton reading
% allowance
2.9 to 2.6 inclusive
increase to 3%
for each 0.1 below 3.0
2.5 or below
increase to 4%
for each 0.1 below 2.6
Above the control limit
% allowance
0.1
0.2
0.3
0.4
0.5
0.6
then by 1% for each 0.1 micronnaire
If the contract sets out a maximum of 4.9 or lower:
Strength
% allowance
0.5
1.0
2.0
3.0
4.0
5.0
Cotton reading
% allowance
5.6 or higher
increase to 3%
for each 0.1 above 5.6
(Please read ICA Rules 233 to 236 for further information)
1. In any dispute about strength, the procedure in Rule 233 will apply unless the parties agree otherwise
2. Unless the buyer and seller agree otherwise
For contracts that set a minimum
strength value, the allowances for bales
not reaching this minimum is:
HVI - Grams/tex below the control limit by
between
1.1
2.0
2.1
3.0
3.1
4.0
4.1
5.0
5.1
6.0
Plus 4% for each gram/tex below 6
Pressley - psi below the control limit by
between
1.0
1.5
3.0
5.0
8.0
% allowance
and
1050
3000
3050
5000
5050
7000
7050
9000
Plus 4% for each 2000 psi below 9000
Published by the International Cotton Association Limited (ICA), in association with Bremer Baumwollbörse (BBB)
e: [email protected] www.ica-ltd.org t: 44 (0) 151 236 6041
% allowance
and
1.5
3.0
5.0
8.0
Page 5 of 5