<br><div><section class="_135editor" data-role="paragraph" style="max-inline-size: 100%; margin: 0px; padding: 0px; border: 0px none; z-index: 0; overflow-wrap: break-word !important; outline: none 0px !important;"><p style="max-inline-size: 100%; margin-bottom: 0px; clear: both; min-height: 1em; cursor: text; line-height: 1.5em; overflow-wrap: break-word !important; outline: none 0px !important;">　　CootlookA（单位：美分/磅）指数是反映国际棉花市场现货价格水平的一个指标，诞生于1966年，由英国考特鲁克Cotlook出版，其目的是回答“棉花的世界价格是什么”的问题。</p><p style="max-inline-size: 100%; margin-bottom: 0px; clear: both; min-height: 1em; cursor: text; overflow-wrap: break-word !important; outline: none 0px !important;"><br style="max-inline-size: 100%; margin: 0px; padding: 0px; overflow-wrap: break-word !important; outline: none 0px !important;"></p><p style="max-inline-size: 100%; margin-bottom: 0px; clear: both; min-height: 1em; cursor: text; line-height: 1.5em; overflow-wrap: break-word !important; outline: none 0px !important;">　　该指数自成立之后经历了一系列的变更，以便及时反映原棉贸易的变化。例如，它的最初基准品级为SM1-1/16”，现在变为M1-3/32”（相当于国棉的328），这主要是由于全球棉花生产大都属于这一等级，因此对全球贸易来说最具代表性。</p><p style="max-inline-size: 100%; margin-bottom: 0px; clear: both; min-height: 1em; cursor: text; overflow-wrap: break-word !important; outline: none 0px !important;"><br style="max-inline-size: 100%; margin: 0px; padding: 0px; overflow-wrap: break-word !important; outline: none 0px !important;"></p><p style="max-inline-size: 100%; margin-bottom: 0px; clear: both; min-height: 1em; cursor: text; line-height: 1.5em; overflow-wrap: break-word !important; outline: none 0px !important;">　　CotlookA指数是19个棉花品种（目前）中最便宜的5个报价的平均值。采用这一计算方法的基本原理是报价最便宜的品种也应该是报价当天成交最频繁的品种。经过多年实践，这一指数计算方法已被证明是行之有效的。</p><p style="max-inline-size: 100%; margin-bottom: 0px; clear: both; min-height: 1em; cursor: text; overflow-wrap: break-word !important; outline: none 0px !important;"><br style="max-inline-size: 100%; margin: 0px; padding: 0px; overflow-wrap: break-word !important; outline: none 0px !important;"></p><p style="max-inline-size: 100%; margin-bottom: 0px; clear: both; min-height: 1em; cursor: text; line-height: 1.5em; overflow-wrap: break-word !important; outline: none 0px !important;">　　</p><p style="max-inline-size: 100%; margin-bottom: 0px; clear: both; min-height: 1em; cursor: text; overflow-wrap: break-word !important; outline: none 0px !important;"><br style="max-inline-size: 100%; margin: 0px; padding: 0px; overflow-wrap: break-word !important; outline: none 0px !important;"></p></section><section class="_135editor" data-role="paragraph" id="autoparagraph" style="max-inline-size: 100%; margin: 0px; padding: 0px; border: 0px none; z-index: 0; overflow-wrap: break-word !important; outline: none 0px !important;"><p style="max-inline-size: 100%; margin-bottom: 0px; clear: both; min-height: 1em; cursor: text; overflow-wrap: break-word !important; outline: none 0px !important;"><br style="max-inline-size: 100%; margin: 0px; padding: 0px; font-family: 微软雅黑, &quot;Microsoft YaHei&quot;, sans-serif; font-size: 17px; caret-color: rgb(255, 0, 0); overflow-wrap: break-word !important; outline: none 0px !important;"></p></section></div>