1 cent/pound = 22.0462 USD/ton 1 USD = 7. 12 RMB.

Assumption: American cotton 19.3 cents/pound; The conversion process is as follows:

19.3 cents/pound = 425.37 USD/ton = 2,977.6 yuan/ton

(2) It is unrealistic to push back the domestic sugar price with American sugar price. Because the composition of domestic investors and foreign investors is different; Overseas trading markets are generally dominated by professional institutions, while domestic ones are generally hot money in Jiangsu and Zhejiang. If the hot money is manipulating the contract price artificially; Then for the strength of the empty side; Pay more attention to domestic supply and demand. Overseas prices are for reference only.