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Imported cotton quotations continued to fall sharply on June 20
On June 20, the quotation of imported cotton continued to fall sharply along with the ICE futures price. The International Cotton Index (SM) is 96.53 US cents/lb, down 383 points, which is equivalent to 15271 yuan/ton (calculated at 1% tariff, and the exchange rate is calculated at the central rate of the Bank of China, the same below); International Cotton Index (M ) 92.99 cents/lb, down 463 points, discounted to 14,719 yuan/ton at the general trade port pickup 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 97.14 (US cents/lb, the same below), which is discounted to RMB 1,5366.5/ton for general trade port delivery % Tariff calculation, the same below). U.S. E/MOT cotton is quoted at 95.16, which is equivalent to RMB 15057.36 per ton in general trade ports. Australian cotton is quoted at 103.9, which is discounted to RMB 16421.94 per ton in general trade ports. Uzbekistan The quotation of cotton is 100.2, which is 15844.25 yuan/ton for the general trade port pickup price in RMB. The quotation of West African cotton is 97.75, which is 15461.73 tons for the general trade port pickup price in RMB. The quotation of Indian cotton is 90.3, which is 14298.56 yuan for the general trade port pickup price in RMB. /Ton. The quotation of U.S. E/MOT M 1-3/32″ grade cotton is 93.16, which is discounted to 1,4745.1 yuan/ton in general trade ports. Article Keywords: Imported Cotton