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CC Index Introduction

The CC Index was managed by Beijing Cotton Outlook Consulting Limited Company in June 10, 2002 and had been supervised by China Cotton Association (CCA). The CC Index has been not only an important basis used by the national macro adjustment and control department, but also helpful to cotton firms. It makes China cotton prices well-known globally. The CC Index is monitored by China Cotton Association and published every morning before 10:00 on the websites of China Cotton Association (www.cotton-china.org) and Beijing Cotton Outlook (www.cottonchina.org).

Detailed explanation of the CC Index ：
Average delivered mill offering prices of Type 129, 229, 329, 328, 429 and 527 are calculated for each grade in each province. Using the ratio of the spinning production of each province (calculated by reference to data of the previous season published by the National Bureau of Statistics) against the national total as a weighting factor, a national, weighted-average price is obtained for each type. Finally, the Type 329 weighted average price is converted to a 328 value based on a 1% value difference. This value, along with the 328 weighted-average price, is averaged to produce the CC Index. In addition, average prices are also established for Types 129, 229, 329, 429 and 527 in the major cotton locations, and weighted national averages compiled, which give an indication of the typical quality differentials. At the time of writing, the premium for Type 129 over the base quality is slightly over 8 percent, and the discount for Type 527 is over 7 percent.