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Industry News | Time:Jun 4 2018 8:52AM
Notice: only textile mills allowed to take part in the cotton auction from June 4, 2018
 
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To regulate trade order of state cotton auction and guarantee the cotton need of textile mills, Chinese government has issued a notice about 2017/18 state cotton auction on June 2:

Firstly, from June 4 to the end day of the state cotton auction this year, only textile mills are allowed to take part in the auction, and non-textile mills are not allowed.

Secondly, the reserved cotton purchased by textile mills can only be used by themselves, and reserved cotton is not allowed to be re-sold.
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