From June 5th to June 9th, the standard grade sales price of reserve cotton is 15,559 yuan/ton, which is reduced by 45 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 (June 5-9), the standard grade sales floor price of reserve cotton rolls is 15,559 yuan/ton. , lowered by 45 yuan/ton from the 13th 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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