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Industry News | Time:Jul 11 2018 8:16AM
State cotton reserves sales for Jul 10, 2018
 
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On Jul 10, CNCRC planned to auction 30,011.7912 tons of cotton while the actual trading volume was 16,021.9672 tons, including 7,139.365 tons of upcountry cotton and 8,882.6022 tons of Xinjiang cotton. Target was 53.39% fulfilled. The trading prices were averaged at 14,760yuan/mt (down 12yuan/mt from the prior day) and calculated 3128 cotton prices scored at 16,132yuan/mt (up 47uan/mt from the prior day).

By Jul 10, CNCRC plans to sell 2.52 million tons in total, and the actual traded volumes are 1.508 million tons, with trading proportion of 59.83%. Highest trading price scores at 17,700yuan/mt and the lowest price at 12,700yuan/mt.

Details:
Upcountry cotton was traded 7,139.365 tons, with trading proportion of 33.79%, average trading price at 14,334yuan/mt, highest price at 15,890yuan/mt and lowest price at 13,640yuan/mt;

Xinjiang cotton was traded 8,882.6022 tons, with trading proportion of 100%, average trading price at 15,102yuan/mt, highest price at 16,230yuan/mt and lowest price at 14,430yuan/mt;

Weekly trading volumes and prices
Date Planned volumes Traded volumes Traded ratio Average price Calculated 3128 price
2018-7-9 30004.835 13889.499 46.29% 14772 16085
2018-7-10 30011.7912 16021.9672 53.39% 14760 16132
Total 60016.6262 29911.4662 49.84%    

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