The detailed characteristics of the transaction are as follows: As of October 9, a total of 741,479 tons of reserve cotton have been released to the market, including geotextile membranes and details about fitting rooms in clothing stores. This article is from the Global Textile Network. Please indicate the source when reprinting! The actual transaction volume of cotton quilts was 731,879 tons, with a transaction rate of 98.7%, completing 73% of the planned release; all the cotton released on October 9 was from the 2008 reserve, with a local warehouse release volume of 27,819 tons, all of which were successfully transacted, with an average grade of 3.99, average length of 28.36, and weighted average transaction price of 23,252 yuan/ton, equivalent to a transaction price of 23,859 yuan/ton (net weight) for Grade 328 cotton; the Xinjiang warehouse release volume was 2,249 tons, all successfully transacted, with an average grade of 3.37, average length of 28.78, and weighted average transaction price of 23,862 yuan/ton, equivalent to a transaction price of 23,938 yuan/ton (net weight) for Grade 328 cotton; the total number of bales listed on that day was 181, with an actual transaction of 181 bales. A total of 507 traders participated in the auction, with 120 enterprises ultimately succeeding in transactions. The release of reserve cotton on that day covered 10 provinces and cities, including Hebei, Shandong, Shaanxi, Hubei, Anhui, Zhejiang, Jiangsu, Jiangxi, Tianjin, and Xinjiang, involving 25 warehouses, including 2 warehouses in Xinjiang.
Firstly, the highest transaction price on that day was 25,010 yuan/ton (net weight), with an average grade of 430, totaling 42 tons, stored in the Jingyang Direct Warehouse, and won by Dong'e County Lujia Textile Co., Ltd.; the lowest transaction price was 21,530 yuan/ton (net weight), with an average grade of 628, totaling 94 tons, stored in the Yangliuqing warehouse of Tianjin Hongmian Co., Ltd., and won by Shandong Hualing Group Co., Ltd.
According to the Trading Agency, on October 10, the reserve cotton release amount was 30,068 tons, all successfully transacted. The average grade was 3.94, and the average length was 28.39, with a weighted average transaction price of 23,297 yuan/ton, equivalent to a transaction price of 23,866 yuan/ton (net weight) for Grade 328 cotton.