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Selling price of China's reserved cotton during Aug 7-11, 2017
According to relative regulation, the base selling price of the week (from Aug 7-11) scores at 14,679yuan/mt (standard type price), down 400yuan/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. 

Selling price of standard type cotton (3128B)
  CCIndex3128B CncottonB Cotlook A Cotlook A under 1% tariff Average
Weekly average 15,868 15,826 80.87 13,512 14,679
31-Jul 15,888 15,839 84.9 14,310 15,087
1-Aug 15,871 15,826 79 13,170 14,509
2-Aug 15,861 15,824 79.5 13,251 14,548
3-Aug 15,860 15,822 80.5 13,420 14,631
4-Aug 15,860 15,819 80.45 13,412 14,626

 

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