According to relative regulation, the base selling price of the week (from Sep 4-8) scores at 14,639yuan/mt (standard type price), up 150yuan/mt compared to the prior week. Based on the selling price of standard type, the actual reserved cotton prices will be calculated according to the price difference of different quality. 

Note: the VAT for cotton has reduced from 13% to 11% from July 1, 2017.