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Selling price of China's reserved cotton on Nov 29-Dec 3, 2021
From Nov 1, 2021, the calculation method of reserved upcountry cotton was adjusted to be related with the international spot cotton price, according to the announcement released by China Reserve Cotton Management Co., Ltd on Oct 30. The base selling price of reserved upcountry cotton this week=the average price of prior week's international cotton price. Other reserved cotton price calculation method remained unchanged.
According to the latest calculation method, the base selling price of reserved upcountry cotton is 19,820yuan/mt during Nov 29 and Dec 3, up 61yuan/mt from previous week, and that of other reserved cotton is 20,804yuan/mt, down 12yuan/mt from previous week.
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