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Industry News | Time: Aug 11 2022 1:14PM  Editor:Dilys Wang
Ceiling price of state cotton reserves on Aug 11, 2022
 
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According to the announcement on the first batch of state cotton reserves in 2022, the maximum price of reserved cotton is settled by the prior working day's Chinese spot cotton price, and if the Chinese spot cotton price is below 18,600yuan/mt in the prior working day, the reserves will start, while if the price is higher than 18,600yuan/mt, the reserves will be suspended.

 

According to the calculation, on Aug 11, the maximum price of reserves is 15,666yuan/mt, so the state cotton reserves will begin.

Date CCIndex 3128B CncottonB
Aug 10, 2022 15,633 15,698
Maximum price on Aug 11 15,666


[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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