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Industry News | Time: Mar 23 2020 11:18AM
China state cotton reserves to be suspended
 
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According to relative regulations, the price spread between domestic and international cotton has exceeded 800yuan/mt for three consecutive days from Mar 18 to Mar 20, so the state cotton reserves will be suspended from Mar 23. When the price spread falls within 800yuan/mt, the state cotton reserves will resume.
Price spread between domestic and international cotton
Date CCIndex3128B CncottonB Cotlook A Exchange rate Cotlook A under 1% tariff Price spread
2020-3-18 12273 12359 67.7 7.0012 11504 812
2020-3-19 12223 12094 66.6 7.0012 11317 842
2020-3-20 11825 11859 64.95 7.0012 11037 805

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