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Imported cotton quotations increased slightly on June 15
On June 15, the quotation of imported cotton was slightly increased. International Cotton Index (SM) 103.83 US cents/lb, up 7 points, equivalent to 16411 yuan/ton (calculated at 1% tariff, exchange rate calculated at Bank of China’s central parity rate, the same below); International Cotton Index (M ) 101.14 US cents/lb, up 7 points, discounted to 15991 yuan/ton at the general trade port pickup price. The prices of the main varieties of the day are as follows: Among SM 1-1/8″ grade cotton, the US C/A cotton is quoted at 107.23 (US cents/lb, the same below), which is discounted to RMB 16,941.85/ton for the general trade port delivery price (press 1 % Tariff calculation, the same below). U.S. E/MOT cotton is quoted at 105.28, which is equivalent to RMB 1,6637.4 yuan/ton for general trade port pickup. Australian cotton is quoted at 108.9, which is discounted to RMB 17,202.59 yuan per ton for general trade port pickup. Uzbekistan Cotton is quoted at 110.3, which is discounted to RMB 1,741.17 per ton of delivery at general trade ports. West African cotton is quoted at 107, discounted to RMB 16,905.94 tons for general trade ports. Indian cotton is quoted at 94.2, discounted to RMB 14,907.47 for general trade ports. /Ton. The quotation of U.S. E/MOT M 1-3/32″ grade cotton is 103.78, which is 16403.2 yuan/ton off the general trade port pickup price. Article Keywords: Imported Cotton