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Industry News | Time:Jun 13 2018 9:01AM
State cotton reserves sales for Jun 12, 2018
 
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On Jun 12, CNCRC planned to auction 30,008.278 tons of cotton while the actual trading volume was 11,281.228 tons, including 5,845.753 tons of upcountry cotton and 5,435.4754 tons of Xinjiang cotton. Target was 38% fulfilled. The trading prices were averaged at 15,017yuan/mt (up 40yuan/mt from the prior day) and calculated 3128 cotton prices scored at 16,657yuan/mt (up 208yuan/mt from the prior day).

By Jun 12, CNCRC plans to sell 1.95 million tons in total, and the actual traded volumes are 1.248 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 5,845.753 tons, with trading proportion of 24%, average trading price at 14,345yuan/mt, highest price at 15,420yuan/mt and lowest price at 13,560yuan/mt;

Xinjiang cotton was traded 5,435.4754 tons, with trading proportion of 93%, average trading price at 15,740yuan/mt, highest price at 16,980yuan/mt and lowest price at 14,240yuan/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
Total 60020.277 22985.716 38.30%    

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