China: State Reserve results

The daily State Reserve catalogue has continued to sell out: today’s average price was 11,546 yuan per tonne (down 66 from yesterday), equivalent to an adjusted Type 3128 price of 12,892 yuan. Sales of Xinjiang cotton were concluded at an average of 11,766 yuan per tonne. The average price for lots produced in eastern provinces was 11,272 yuan.

The cumulative volume sold in the series so far is nearly 164,000 tonnes.

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