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Industry News | Time: Jan 19 2020 8:33AM  Editor:CCFGroup.com
Ceiling price of China's state cotton purchase auction during Jan 19-23, 2020
 
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On Dec 2, 2019, the state cotton reserves of Xinjiang cotton kick off. According to the calculation formula, the maximum price of purchase auction scores at 14,197yuan/mt during the eighth week from Jan 19 to Jan 23 (standard type 3128B price), up 90yuan/mt from the previous week.

Ceiling price of Xinjiang cotton reserves (3128B)
Date CCIndex3128B CncottonB Average
13-Jan 13846 13961 13904
14-Jan 13996 13937 13967
15-Jan 13949 13911 13930
16-Jan 13886 13909 13898
17-Jan 13883 13909 13896
Weekly average 13912 13925 13919
Ceiling price 14197

[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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