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Imported cotton quotations continue to rise on May 17
On May 17, the quotation of imported cotton continued to rise along with the ICE futures price. International Cotton Index (SM) 93.32 US cents/lb, up 69 points, equivalent to 14554 yuan/ton (calculated at 1% tariff, exchange rate calculated at Bank of China’s central parity rate, the same below); ) 90.36 US cents/lb, an increase of 71 points, which is 14,099 yuan/ton at the general trade port pick-up price. The prices of the main varieties of the day are as follows: Among the SM 1-1/8″ grade cotton, the US C/A cotton is quoted at 96.92 (US cents/lb, the same below), which is discounted to RMB 15,107.82/ton for the general trade port delivery price (press 1 % Tariff calculation, the same below). The US E/MOT cotton price is 93.93, which is equivalent to RMB 14,647.91 per ton for general trade port delivery. Australian cotton is quotation 99.40, which is discounted to RMB 15,489.28 per ton for general trade port delivery. Uzbekistan The quotation of cotton is 101.00, which is 15735.39 yuan per ton from the general trade port pickup price in RMB. The quotation of West African cotton is 95.70, which is 14920.16 tons at the general trade port pickup price in RMB. The quotation of Indian cotton is 84.00, which is 13120.52 yuan discount to the general trade port pickup price in RMB. /Ton. The quotation of U.S. E/MOT M 1-3/32″ grade cotton is 92.43, which is 14417.18 yuan/ton discounted to the general trade port pick-up price. Article Keywords: Imported Cotton