China released another 400,000 tons of state cotton reserves in the domestic market on September 28.
The auction received 30,016 tons from cotton reserves on the day; all of which was transacted.
The average length of the cotton is 28.82 mm. Weighted average price is 21,514 Yuan / ton, and when converted in to grade 328, price stands at 22,038 Yuan / ton.
Fibre2fashion News Desk - China
marketing@alchempro.com
