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Industry News | Time:Jul 12 2018 8:18AM
State cotton reserves sales for Jul 11, 2018
 
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On Jul 11, CNCRC planned to auction 30,007.6892 tons of cotton while the actual trading volume was 16,306.7622 tons, including 5,479.373 tons of upcountry cotton and 10,827.3892 tons of Xinjiang cotton. Target was 54.34% fulfilled. The trading prices were averaged at 14,709yuan/mt (down 51yuan/mt from the prior day) and calculated 3128 cotton prices scored at 15,946yuan/mt (down 186uan/mt from the prior day).

By Jul 11, CNCRC plans to sell 2.55 million tons in total, and the actual traded volumes are 1.525 million tons, with trading proportion of 60%. Highest trading price scores at 17,700yuan/mt and the lowest price at 12,700yuan/mt.

Details:
Upcountry cotton was traded 5,479.373 tons, with trading proportion of 29.23%, average trading price at 14,195yuan/mt, highest price at 15,430yuan/mt and lowest price at 13,570yuan/mt;

Xinjiang cotton was traded 10,827.3892 tons, with trading proportion of 96.14%, average trading price at 14,969yuan/mt, highest price at 16,250yuan/mt and lowest price at 14,370yuan/mt;

Weekly trading volumes and prices
Date Planned volumes Traded volumes Traded ratio Average price Calculated 3128 price
2018-7-9 30004.835 13889.499 46.29% 14772 16085
2018-7-10 30011.7912 16021.9672 53.39% 14760 16132
2018-7-11 30007.6892 16306.7622 54.34% 14709 15946
Total 90024.3154 46218.2284 51.34%    

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