State cotton reserves sales for Aug 9, 2018 – ChinaTexnet.com
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State cotton reserves sales for Aug 9, 2018

2018-08-10 10:38:27 CCFGroup

On Aug 9, CNCRC planned to auction 30,009.5592 tons of cotton while the actual trading volume was 10,408.7471 tons, including 4,873.6409 tons of upcountry cotton and 5,535.1062 tons of Xinjiang cotton. Target was 34.68% fulfilled. The trading prices were averaged at 15,129yuan/mt (down 75yuan/mt from the prior day) and calculated 3128 cotton prices scored at 16,670yuan/mt (up 136yuan/mt from the prior day).

By Aug 9, CNCRC plans to sell 3.18 million tons in total, and the actual traded volumes are 1.8659 million tons, with trading proportion of 58.66%. Highest trading price scores at 17,700yuan/mt and the lowest price at 12,700yuan/mt.

Details:
Upcountry cotton was traded 4,873.6409 tons, with trading proportion of 19.91%, average trading price at 14,818yuan/mt, highest price at 15,830yuan/mt and lowest price at 14,170yuan/mt;

Xinjiang cotton was traded 5,535.1062 tons, with trading proportion of 100%, average trading price at 15,402yuan/mt, highest price at 16,920yuan/mt and lowest price at 14,890yuan/mt;

Weekly trading volumes and prices
Date Planned volumes Traded volumes Traded ratio Average price Calculated 3128 price
2018-8-6 30005.3106 13566.1391 45.21% 15066 16565
2018-8-7 30018.0886 10426.5396 34.73% 15143 16654
2018-8-8 30004.5575 13409.2396 44.69% 15204 16534
2018-8-9 30009.5592 10408.7471 34.68% 15129 16670
Total 120037.5159 47810.6654 39.83%    
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