The price of imported cotton rose sharply on May 7

On May 7, the quotation of imported cotton rose sharply with the ICE futures price. The International Cotton Index (SM) is 96.22 US cents/lb, up 148 points, which is equivalent to 15004 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 ) 92.73 US cents/lb, an increase of 192 points, which is 14467 yuan/ton at the general trade port pick-up 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 99.18 (US cents/lb, the same below), which is discounted to RMB 15,598.29/ton for the general trade port delivery price (press 1 % Tariff calculation, the same below).　　U.S. E/MOT cotton is quoted at 96.58, which is equivalent to 15194.63 yuan/ton in RMB for general trade ports. 　　 Australian cotton is quoted at 104.30, which is discounted to RMB 1,6393.2 per ton in general trade ports.　　 Uzbekistan Cotton is quoted at 104.00, which is discounted to RMB 16,346.63 per ton for the general trade port delivery price. 　　 West African cotton is quoted at 100, which is discounted to RMB 1,5725.6 tons for general trade port pickup. 　　 Indian cotton is quoted at 86.30, which is discounted to RMB 1,3598.6 for general trade port delivery price. /Ton. The quotation of U.S. E/MOT M 1-3/32″ grade cotton is 95.08, which is discounted to 14,961.74 yuan/ton from the general trade port pick-up price. Article Keywords: 　Imported Cotton