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Imported cotton prices stable at Chinese ports
20
Dec '11
Imported cotton prices were overall stable at main ports of China on December 19, but prices of U.S cotton, Brazilian cotton and Egyptian long-staple cotton fell.

With the decline in ICE futures and impending expiry of import quotas, transactions of spot foreign cotton were relatively quiet, textile mills continued to focus on low-priced varieties.

Cotton grade SM 1-1/8 ", US C/A cotton was quoted at 103.10 cents / lb, which is equivalent to 17,148 Yuan / ton, when converted by means of sliding duty.

US E/MOT cotton was quoted at 97.30 cents / lb, which was equivalent to 16,241 Yuan / ton. US cotton grade E/MOT M 1-3/32" was quoted at 94.60 cents / lb or 15,810 Yuan / ton.

Australian cotton was quoted at 109.85 cents / lb, which is equivalent to 18,223 Yuan / ton. Uzbekistan cotton was quoted at 110.85 cents / lb or 18,387 Yuan / ton.

West African cotton was quoted at 97.90 cents / lb or 16,340 Yuan / ton.

Fibre2fashion News Desk - China

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