Ceiling price of state cotton reserves on Jul 15, 2022 – ChinaTexnet.com
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Ceiling price of state cotton reserves on Jul 15, 2022

2022-07-15 09:31:52 CCFGroup

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 Jul 15, the maximum price of reserves is 16,603yuan/mt, so the state cotton reserves will begin.

Date CCIndex 3128B CncottonB
Jul 13, 2022 16,601 16,605
Maximum price on Jul 13 16,603

 

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