Before April, The Cumulative Turnover Of Cotton Reserves Totaled 781 Thousand And 100 Tons, With A Turnover Rate Of 84.11%.

In 2019, the reserve cotton rotation started in May 5th. According to the formula for calculating the sales base price of the central cotton reserve in the announcement of the State Grain and material reserve bureau (2019 first), the selling price for the eighteenth week (September 2nd -9 month 6 week) is 12335 yuan / ton (standard grade price), which is 352 yuan / ton lower than the previous week. The selling base price of the actual batches of cotton stored on the daily basis is based on the standard sales base price, and is determined by the cotton notarization test results and the relevant quality difference table released by the China Cotton Association.

In September 2nd, 11672.8178 tons of resources were sold out of the cotton reserves, with a turnover of 10226.9379 tons, with a turnover rate of 87.61%. The average transaction price was 11551 yuan / ton, down 83 yuan / ton compared with the previous trading day, and the price of 3128 yuan was 12775 yuan / ton, down 228 yuan / ton compared with the previous day. Xinjiang cotton trade average price of 11566 yuan / ton, Xinjiang cotton discount 3128 price 12985 yuan / ton, Xinjiang cotton price increase 650 yuan / ton. The average price of real estate cotton is 11538 yuan / ton, the price of real estate cotton is 3128 yuan, 12598 yuan / ton, and the increase rate of real estate cotton is 263 yuan / ton.

From May 5th to September 2nd, the cumulative turnover of cotton reserves totaled 781 thousand and 100 tons, with a turnover rate of 84.11%. Source: downwind cotton net