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Imported cotton quotations continued to rise sharply on May 22
On May 22, the quotation of imported cotton rose sharply again with ICE futures prices. International Cotton Index (SM) 97.03 US cents/lb, up 182 points, equivalent to 15125 yuan/ton (calculated at 1% tariff, and exchange rate calculated at Bank of China’s central parity rate, the same below); International Cotton Index (M ) 93.97 US cents/lb, an increase of 179 points, which is 14654 yuan/ton at the general trade port pick-up price. The prices of the main varieties on the day are as follows: Among SM 1-1/8″ grade cotton, the US C/A cotton is quoted at 101.05 (US cents/lb, the same below), which is discounted to RMB 15,743.08/ton for the general trade port pickup price (press 1 % Tariff calculation, the same below). US E/MOT cotton is quoted at 97.96, which is 15267.79 yuan/ton in RMB for general trade port delivery. Australian cotton is quoted at 103.50, which is discounted to RMB 16119.92 per ton in RMB general trade port. Uzbekistan The quotation of cotton is 105.00, which is 16350.65 yuan per ton for the general trade port delivery price in RMB. The quotation of West African cotton is 99.20, which is 15458.52 tons for the general trade port delivery price in RMB. The quotation of Indian cotton is 86.90, which is 13566.58 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 96.46, which is 15037.06 yuan/ton off the general trade port pick-up price. Article Keywords: Imported Cotton