On August 18, prices at major Chinese ports fell slightly. The International Cotton Price Index (SM) was 76.87 US cents/pound, down 0.14 US cents/pound, equivalent to a general trading port ex-port price of 13,544 RMB/ton (calculated based on a 1% tariff and the Bank of China's central parity rate; the same applies below). The International Cotton Price Index (M) was 75.08 US cents/pound, down 0.13 US cents/pound, equivalent to a general trading port ex-port price of 13,234 RMB/ton.

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