Excellent quality and fashion yarn manufacturer, with over 19 years of the experience in the yarn and textile industry.
Imported cotton quotations fell sharply on June 5
On June 5, the quotation of imported cotton fell sharply with ICE futures prices. International Cotton Index (SM) 101.08 cents/lb, down 123 points, equivalent to 15982 yuan/ton (calculated at 1% tariff, exchange rate calculated at Bank of China’s central parity rate, the same below); International Cotton Index (M ) 98.13 cents/lb, down 124 points, discounted to 15,521 yuan/ton at the general trade port pickup price. The prices of the main varieties on the day are as follows: Among the SM 1-1/8″ grade cotton, the US C/A cotton is quoted at 105.27 (US cents/lb, the same below), which is discounted to RMB 16,635.83/ton for the general trade port delivery price (press 1 % Tariff calculation, the same below). U.S. E/MOT cotton is quoted at 102.55, which is discounted to RMB 16,211.16 per ton for general trade port delivery. Australian cotton is quoted at 107.20, discounted to RMB 16,937.17 per ton for general trade port delivery. Uzbekistan The quotation of cotton is 109, which is 17218.2 yuan per ton for the general trade port delivery price in RMB. The quotation of West African cotton is 105.5, which is 16671.74 tons for the general trade port delivery price in RMB. The quotation of Indian cotton is 89.20, which is 14126.82 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 101.05, which is 15976.96 yuan/ton off the general trade port pickup price. Article Keywords: Imported Cotton