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Imported cotton quotations continue to rise on June 11
On June 11, the quotation of imported cotton continued to rebound sharply with ICE futures prices. International Cotton Index (SM) 104.21 US cents/lb, up 153 points, equivalent to 16470 yuan/ton (calculated at 1% tariff, exchange rate calculated at Bank of China’s central price, the same below); ) 101.29 US cents/lb, an increase of 156 points, which is 16014 yuan/ton at the general trade port pick-up price. The prices of the main varieties of the day are as follows: Among SM 1-1/8″ grade cotton, the US C/A cotton is quoted at 107.68 (US cents/lb, the same below), which is discounted to RMB 17012.11/ton for the general trade port delivery price (press 1 % Tariff calculation, the same below). U.S. E/MOT cotton is quoted at 104.72, which is equivalent to RMB 16,549.96/ton for general trade port delivery. Australian cotton is quoted at 110.1, which is discounted to RMB 17,389.94 per ton for general trade port delivery. Uzbekistan The quotation of cotton is 111.8, which is discounted to RMB 17,655.37 per ton in general trade ports. The quotation of West African cotton is 106.5, which is discounted to RMB 16,827.87 tons in general trade ports. The quotation of Indian cotton is 94.7, which is discounted to RMB 14,985.54 in general trade ports. /Ton. The quotation of U.S. E/MOT M 1-3/32″ grade cotton is 103.22, which is 16315.77 yuan/ton off the general trade port pickup price. Article Keywords: Imported Cotton