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USDA monthly report on May 11 is bad, imported cotton quotations fell slightly

by:Chengyi     2021-03-15
On May 11, affected by the negative USDA monthly report, the quotation of imported cotton fell slightly. The International Cotton Index (SM) was 92.79 cents/lb, down 242 points, equivalent to 14,476 yuan/ton (calculated at 1% tariff, and the exchange rate is calculated at the central parity rate of the Bank of China); ) 89.66 US cents/lb, down 112 points, discounted to 13,995 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 96.80 (US cents/lb, the same below), which is discounted to RMB 15093.39/ton for the general trade port delivery price (press 1 % Tariff calculation, the same below).  U.S. E/MOT cotton is quoted at 94.16, which is equivalent to RMB 14,687.21 yuan/ton for the general trade port delivery price.    Australian cotton is quoted at 99.60, which is discounted to RMB 15,524.19 yuan/ton for the general trade port pickup price.   Uzbekistan Cotton is quoted at 101.20, which is discounted to RMB 15,770.36 per ton for the general trade port delivery price.    West African cotton is quoted at 95.40, which is discounted to RMB 14,877.99 tons for general trade port pickup.    India cotton is quoted at 82.20, which is discounted to RMB 12,847.07 for general trade port delivery price. /Ton. The quotation of U.S. E/MOT M 1-3/32″ grade cotton is 92.66, which is 14,456.42 yuan/ton off the general trade port pickup price. Article Keywords:  Imported Cotton
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