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Industry News | Time: Mar 23 2020 8:37AM
Ceiling price of China's state cotton purchase auction during Mar 23-27, 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 12,450yuan/mt during the seventeenth week from Mar 23 to Mar 27 (standard type 3128B price), down 451yuan/mt from the previous week.

Ceiling price of Xinjiang cotton reserves (3128B)
Date CCIndex3128B CncottonB Average
16-Mar 12396 12402 12399
17-Mar 12273 12359 12316
18-Mar 12273 12359 12316
19-Mar 12223 12094 12159
20-Mar 11825 11859 11842
Weekly average 12198 12215 12206
Ceiling price 12450

[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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