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Imported cotton quotations continued to rise sharply on May 21
On May 21, due to the influence of weather factors and hype, the quotation of imported cotton continued to rise sharply along with the ICE futures price. The International Cotton Index (SM) is 95.21 cents/lb, an increase of 135 points, which is equivalent to 14,845 yuan/ton (calculated at 1% tariff, and the exchange rate is calculated at the central rate of Bank of China, the same below); ) 92.18 US cents/lb, up 131 points, discounted to 14,379 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 99.13 (US cents/lb, the same below), which is discounted to RMB 15,447.75/ton for the general trade port delivery price (press 1 % Tariff calculation, the same below). US E/MOT cotton is quoted at 96.15, which is discounted to RMB 14,989.38 per ton in general trade port delivery. Australian cotton is quoted at 101.60, discounted to RMB 15,827.67 per ton in general trade port delivery. Uzbekistan The quotation of cotton is 103.20, which is 16073.78 yuan/ton for the general trade port delivery price in RMB. The quotation of West African cotton is 97.50, which is 15197.03 tons for the general trade port delivery price in RMB. The quotation of Indian cotton is 85.10, which is 13289.72 yuan for the general trade port delivery price in RMB. /Ton. The quotation of U.S. E/MOT M 1-3/32″ grade cotton is 94.65 yuan, which is 14,758.66 yuan/ton off the general trade port pick-up price. Article Keywords: Imported Cotton