China Cotton State Reserve Sales Finish On Target

From USDA

China’s State Reserve sales for 2020 concluded on September 30. Auction sales began July 1 with an announced target of 500,000 metric tons (tons) or 2.3 million bales. A total of 504,000 tons sold as nearly all lots offered were sold. Xinjiang cotton accounted for 283,000 tons of sales, of which just 23,000 tons were Production and Construction Corp (XPCC) cotton.