By admin       2017-09-13

To meet cotton textile companies' demand for cotton and regulate the trading order of state cotton auction, the China National Cotton Exchange and China National Cotton Reserves Corporation announced on Sep 3 that only spinners were permitted to take part in the state cotton auction during Sep 4 and Sep 29. Then, Chinese cotton prices have been increasing and mills change the mindset to replenish reserved cotton stocks. 1. 2016/17 ending stocks in China Chinese ending stocks (excluding state reserved cotton stocks) are estimated at about 2.05 million tons in 2016/17, up somewhat compared to 1.31 million tons in 2015/16 and 1.58 million tons in 2014/15.

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