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Industry News | Time: Jun 14 2018 8:11AM
State cotton reserves sales for Jun 13, 2018
 
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On Jun 13, CNCRC planned to auction 30,000.2152 tons of cotton while the actual trading volume was 11,111.0482 tons, including 6,576.411 tons of upcountry cotton and 4,534.637 tons of Xinjiang cotton. Target was 37% fulfilled. The trading prices were averaged at 14,699yuan/mt (down 318yuan/mt from the prior day) and calculated 3128 cotton prices scored at 16,318yuan/mt (down 339yuan/mt from the prior day).

By Jun 13, CNCRC plans to sell 1.98 million tons in total, and the actual traded volumes are 1.259 million tons, with trading proportion of 64%. Highest trading price scores at 17,700yuan/mt and the lowest price at 12,700yuan/mt.

Details:
Upcountry cotton was traded 6,576.411 tons, with trading proportion of 27%, average trading price at 14,341yuan/mt, highest price at 16,230yuan/mt and lowest price at 13,620yuan/mt;

Xinjiang cotton was traded 4,534.637 tons, with trading proportion of 77%, average trading price at 15,219yuan/mt, highest price at 17,050yuan/mt and lowest price at 14,360yuan/mt;

Weekly trading volumes and prices
Date Planned volumes Traded volumes Traded ratio Average price Calculated 3128 price
2018-6-11 30011.999 11704.488 39.00% 14977 16449
2018-6-12 30008.278 11281.228 37.59% 15017 16657
2018-6-13 30000.2152 11111.0482 37.04% 14699 16318
Total 90020.4922 34096.7642 37.88%    

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