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Imported cotton quotations fell slightly on May 31
On May 31, the quotation of imported cotton fell slightly with ICE futures. The International Cotton Index (SM) is 101.32 US cents/lb, down 52 points, equivalent to 15785 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 ) 98.34 US cents/lb, down 46 points, discounted to 15326 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 105.45 (US cents/lb, the same below), which is discounted to RMB 16,419.87/ton for the general trade port delivery price (press 1 % Tariff calculation, the same below). U.S. E/MOT cotton is quoted at 102.62, which is equivalent to 15984.57 yuan/ton in RMB for general trade ports. Australian cotton is quoted at 107.60, which is discounted to RMB 16,750.57 per ton in general trade ports. Uzbekistan The quotation of cotton is 109.30, which is discounted to RMB 17012.06/ton for the general trade port delivery price. The quotation of West African cotton is 105.75, which is discounted to RMB 16,466.01 tons for the general trade port delivery price. The quotation of Indian cotton is 89.60, which is discounted to RMB 13,981.89 for the general trade port delivery price. /Ton. The quotation of U.S. E/MOT M 1-3/32″ grade cotton is 101.12, which is discounted to 15753.84 yuan/ton from the general trade port pick-up price. Article Keywords: Imported Cotton