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Monthly Economic Letter: November 2020

November 11, 2020

All international benchmark prices increased over the past month. The NY December futures contract climbed from 67 to as high as 72 cents/lb near the end of October. More recently, prices  eased back to 70 cents/lb.

Monthly Economic Letter: October 2020

October 12, 2020

All international benchmark prices increased over the past month. The NY December futures contract climbed from 64 to 67 cents/lb.

Monthly Economic Letter: September 2020

September 14, 2020

The NY Nearby and the A Index were stable over the past month. Asian benchmarks increased. The NY December futures contract held to levels near 64 cents/lb.

Monthly Economic Letter: August 2020

August 13, 2020

Movement in benchmark prices was mixed over the past month. The NY December futures contract moved lower (to below 60 cents/lb in late July) and then higher (near 65 cents/lb in early August) over the past month.

Monthly Economic Letter: July 2020

July 13, 2020

Chinese, Indian, and Pakistani prices were stable over the past month. NY futures and the A Index drifted slightly higher. Prices for the December NY futures contract rose from levels near 60 to those near 64 cents/lb.

Monthly Economic Letter: June 2020

June 12, 2020

Several benchmark prices drifted higher over the past month. Indian prices were stable. Pakistani prices decreased.

Monthly Economic Letter: May 2020

May 14, 2020

Most benchmark prices were flat to higher over the past month. Indian prices edged slightly lower.

Monthly Economic Letter: April 2020

April 10, 2020

All benchmark prices fell over the past month. The nearby May NY futures contract dropped from 61 to 53 cents/lb.

Monthly Economic Letter: March 2020

March 11, 2020

Most benchmark prices decreased over the past month. The nearby May NY futures contract fell from levels near 70 cents/lb. in early February to those near 61 cents/lb. most recently.

Monthly Economic Letter: February 2020

February 13, 2020

Most benchmark prices decreased over the past month. The nearby March NY futures contract fell from 71 to 68 cents/lb. Open interest is migrating out of March and into the May contract.

Monthly Economic Letter: January 2020

January 13, 2020

Indian and Pakistani prices were stable over the past month. Other benchmark prices increased.

Monthly Economic Letter: December 2019

December 11, 2019

Most benchmark prices were stable over the past month. Pakistani prices decreased slightly.

Monthly Economic Letter: November 2019

November 11, 2019

Most benchmark prices increased slightly over the past month. Indian prices were stable.

Monthly Economic Letter: October 2019

October 14, 2019

Movement in benchmark prices was mixed over the past month.The NY December contract has traded between 58 and 63 cents/lb since early September.

Monthly Economic Letter: September 2019

September 18, 2019

After falling in July, benchmark prices were stable in August and the first half of September.