From April 24th to 28th, the sales floor price of standard-grade cotton from reserve cotton reached a new high, rising by 217 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 eighth week of 2016/2017 reserve cotton rolls (April 24-28), the standard grade sales floor price of reserve cotton rolls is 15,592 yuan/ton. , the highest floor price since this round, an increase of 217 yuan/ton from the seventh week; 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 China Cotton Association The published relevant quality price difference table is calculated and determined.
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