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Industry News | Time:May 15 2018 8:20AM
State cotton reserves sales for May 14, 2018
 
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On May 14, CNCRC planned to auction 30,003.803 tons of cotton while the actual trading volume was 18,223.989 tons, including 7,903.332 tons of upcountry cotton and 10,320.657 tons of Xinjiang cotton. Target was 60.74% fulfilled. The trading prices were averaged at 14,450yuan/mt (up 91yuan/mt from the prior day) and calculated 3128 cotton prices scored at 15,701yuan/mt (up 158yuan/mt from the prior day).

By May 14, CNCRC plans to sell 1.32 million tons in total, and the actual traded volumes are 725kt, 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 7,903.332 tons, with trading proportion of 40%, average trading price at 13,997yuan/mt, highest price at 15,080yuan/mt and lowest price at 13,210yuan/mt;

Xinjiang cotton was traded 10,320.657 tons, with trading proportion of 100%, average trading price at 14,796yuan/mt, highest price at 15,970yuan/mt and lowest price at 14,060yuan/mt;

Weekly trading volumes and prices
Date Planned volumes Traded volumes Traded ratio Average price Calculated 3128 price
2018-5-14 30003.803 18223.989 60.74% 14450 15701
Total 30003.803 18223.989 60.74%    

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