Central Storage Cotton: The First Batch Of Central Reserve Cotton Was Launched On July 13

According to the requirements of relevant state departments and the arrangement of China Grain Reserve Management Group Co., Ltd., China national reserve cotton Management Co., Ltd. will organize the first batch of central reserve cotton in 2022 to promote the smooth operation of the cotton market, the China cotton reserve information center announced on the 8th.

According to the announcement, the rotation time of reserved cotton will be started on July 13, 2022, and the ending time will be determined timely according to the market situation and rotation situation; The total quantity is 300000-500000 tons, and the daily listing quantity is balanced and dynamically adjusted in principle; The way is through the national cotton trading market open bidding trading; The trading object is limited to the cotton target price reform processing enterprises determined by Xinjiang Uygur Autonomous Region and Xinjiang production and Construction Corps in 2021 / 2022.

In terms of price, the maximum limit price (arrival price) of domestic cotton in the previous working day is determined dynamically according to the domestic cotton spot price of the previous working day (see the annex for the specific calculation formula), and set the start / stop price. When the current domestic cotton spot price is lower than 18600 yuan / ton (including), the rotation will be stopped when it is higher than 18600 yuan / ton.