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The price of imported cotton fell sharply on May 23

by:Chengyi     2021-03-15
On May 23, driven by the profit liquidation of long positions, the price of ICE futures fell sharply, and the quotation of imported cotton was lowered accordingly. The International Cotton Index (SM) is 95.46 US cents/lb, down 157 points, equivalent to 14,883 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 ) 92.30 US cents/lb, down 167 points, discounted to 14,397 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 99.92 (US cents/lb, the same below), which is discounted to 15569.26 yuan/ton for the general trade port pickup price in RMB (according to 1 % Tariff calculation, the same below).  U.S. E/MOT cotton is quoted at 96.80, which is equivalent to RMB 15,089.36 per ton of delivery at the general trade port.    Australian cotton is quoted at 102.40, discounted to RMB 15,950.73 per ton at the general trade port.    Uzbekistan The quotation of cotton is 104.00, which is 16196.83 yuan per ton from the general trade port pickup price in RMB. The quotation of West African cotton is 98.90, which is 15412.37 tons at the general trade port pickup price in RMB. The quotation of Indian cotton is 83.60, which is 13058.99 yuan discount to the general trade port pickup price in RMB. /Ton. The quotation of U.S. E/MOT M 1-3/32″ grade cotton is 95.3 yuan, which is 14858.64 yuan/ton off the general trade port pickup price. Article Keywords:  Imported Cotton
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