China Cotton (CC) Index
The China Cotton (CC) Index refers to prices for cotton within China. It is a simple average of prices of Chinese cotton offered by Chinese merchants for cotton delivered to Chinese spinning mills. There are several different CC Indices, with different prices reflective of values for different cotton qualities. The most commonly quoted CC Index is for the quality code 328. The CC Index (328) has been used as a trigger for purchases made by the Chinese government’s reserve system and is the one tracked in the Monthly Economic Letter.