From March 27th to 31st, the reserve cotton sales price of standard grade was 15,476 yuan/ton, an increase of 1 yuan/ton
Exclusive news from China Cotton Network: According to the “Announcement on Arrangements for the Rotation of National Reserve Cotton” issued by the National Development and Reform Commission and the Ministry of Finance
》 (No. 9, 2016) Calculation formula for reserve cotton sales floor price. In the first week of 2016/2017 reserve cotton rolls (March 27-31), the standard grade sales floor price of reserve cotton rolls is 15,476 yuan/ton. An increase of 1 yuan/ton from the third week (15,475 yuan/ton); the sales floor price of the actual batch of reserve cotton on the market every day is based on the standard sales floor price, according to the cotton notarized inspection results and the relevant quality difference announced by the China Cotton Association Table calculation is OK.
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