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Ceiling price of China's state cotton purchase auction during Mar 1 and Mar 5, 2021

2021-03-02 07:55:11 CCFGroup

The state cotton reserves of Xinjiang cotton kick off on Dec 1, 2020. According to the calculation formula, the maximum price of purchase auction scores at 16,670yuan/mt during the fourteenth week from Mar 1 to Mar 5 (standard type 3128B price), up 416yuan/mt from previous week.　

Ceiling price of Xinjiang cotton reserves (3128B)
Date	CCIndex3128B	CncottonB	Average
22-Feb	16223	16106	16165
23-Feb	16273	16162	16218
24-Feb	16432	16288	16360
25-Feb	16558	16443	16501
26-Feb	16558	16392	16475
Weekly average	16409	16278	16344
Ceiling price	16670

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