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Industry News | Time:May 14 2018 8:57AM
State cotton reserves sales for May 11, 2018
 
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On May 11, CNCRC planned to auction 30,003.196 tons of cotton while the actual trading volume was 25,162.484 tons, including 15,816.806 tons of upcountry cotton and 9,345.678 tons of Xinjiang cotton. Target was 83.87% fulfilled. The trading prices were averaged at 14,359yuan/mt (up 93yuan/mt from the prior day) and calculated 3128 cotton prices scored at 15,543yuan/mt (up 12yuan/mt from the prior day).

By May 11, CNCRC plans to sell 1.29 million tons in total, and the actual traded volumes are 707kt, with trading proportion of 55%. Highest trading price scores at 16,310yuan/mt and the lowest price at 12,700yuan/mt.

Details:
Upcountry cotton was traded 15,816.806 tons, with trading proportion of 77%, average trading price at 14,141yuan/mt, highest price at 15,670yuan/mt and lowest price at 13,220yuan/mt;

Xinjiang cotton was traded 9,345.678 tons, with trading proportion of 100%, average trading price at 14,728yuan/mt, highest price at 16,110yuan/mt and lowest price at 14,010yuan/mt;

Weekly trading volumes and prices
Date Planned volumes Traded volumes Traded ratio Average price Calculated 3128 price
2018-5-7 30007.816 21594.557 71.96% 14217 15551
2018-5-8 30004.96 20810.018 69.36% 14264 15621
2018-5-9 30020.991 18803.474 62.63% 14165 15494
2018-5-10 30002.409 21005.652 70.01% 14266 15531
2018-5-11 30003.196 25162.484 83.87% 14359 15543
Total 150039.37 107376.19 71.57%    

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