the price spread between the spot and forward imported yarn

The continuous appreciation of RMB played a certain role in alleviating the price spread between the spot and forward imported yarn. If not taking into account the difference in the actual bank's selling rate and payment period but calculating only on the basis of the middle price, for Chinese traders, Vietnamese carded 32S of $4.1/kg was equal to 29,807yuan/mt CIF, but its RMB price on Jan 7 reached 29,951yuan/mt, that is to say, domestic traders pay less 144 yuan/mt when the other conditions remained unchanged.