From May 8th to 12th, the standard grade sales price of reserve cotton is 15,666 yuan/ton, which is increased by 4 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 tenth week of 2016/2017 reserve cotton rolls (May 8-12), the standard grade sales floor price of reserve cotton rolls is 15,666 yuan/ton. , an increase of 4 yuan/ton from the ninth 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, calculated and determined based on the cotton notarized inspection results and the relevant quality price difference table published by the China Cotton Association.
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