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Notice on relevant matters about 2017 China state cotton auction during Sep 3-29, 2017

To meet cotton textile companies' demand for cotton and regulate the trading order of state cotton auction, the China National Cotton Exchange and China National Cotton Reserves Corporation announces several matters during Sep 4-29 as follows on Sep 3: 

1. During the transactions of reserved cotton during Sep 4-29, only cotton textile companies are allowed to take part in the auction, and non-cotton textile companies are not allowed. If non-cotton textile companies take part in the auction, the results are invalid and the companies will have no qualification to take part in the auction in the future. Relative information will be published on ChinaCredit.Gov.Cn. 

2. The reserved cotton that is purchased by cotton textile companies can only be used by the company itself, and it is not allowed to be resold, or the companies will have no qualification to take part in the auction in the future. Relative information will be published on ChinaCredit.Gov.Cn. 

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