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Industry News | Time: Feb 10 2020 11:02AM
Ceiling price of China's state cotton purchase auction during Feb 10-14, 2020
 
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On Dec 2, 2019, the state cotton reserves of Xinjiang cotton kick off. According to the calculation formula, the maximum price of purchase auction scores at 13,715yuan/mt during the eleventh week from Feb 10 to Feb 14 (standard type 3128B price), down 420yuan/mt from the previous week.

Ceiling price of Xinjiang cotton reserves (3128B)
Date CCIndex3128B CncottonB Average
3-Feb 13592 13506 13549
4-Feb 13437 13413 13425
5-Feb 13431 13403 13417
6-Feb 13431 13402 13417
7-Feb 13437 13405 13421
Weekly average 13466 13426 13446
Ceiling price 13715

[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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