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Industry News | Time:Jul 13 2018 8:29AM
State cotton reserves sales for Jul 12, 2018
 
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On Jul 12, CNCRC planned to auction 30,011.282 tons of cotton while the actual trading volume was 16,138.798 tons, including 6,428.009 tons of upcountry cotton and 9,710.789 tons of Xinjiang cotton. Target was 53.78% fulfilled. The trading prices were averaged at 14,829yuan/mt (up 120yuan/mt from the prior day) and calculated 3128 cotton prices scored at 16,204yuan/mt (up 258uan/mt from the prior day).

By Jul 12, CNCRC plans to sell 2.58 million tons in total, and the actual traded volumes are 1.541 million tons, with trading proportion of 60%. Highest trading price scores at 17,700yuan/mt and the lowest price at 12,700yuan/mt.

Details:
Upcountry cotton was traded 6,428.009 tons, with trading proportion of 31.66%, average trading price at 14,306yuan/mt, highest price at 15,580yuan/mt and lowest price at 13,490yuan/mt;

Xinjiang cotton was traded 9,710.789 tons, with trading proportion of 100%, average trading price at 15,175yuan/mt, highest price at 16,510yuan/mt and lowest price at 14,310yuan/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
2018-7-11 30007.6892 16306.7622 54.34% 14709 15946
2018-7-12 30011.282 16138.798 53.78% 14829 16204
Total 120035.5974 62357.0264 51.95%    

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