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Ceiling price of China's state cotton purchase auction during Feb 24-28, 2020

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 13,716yuan/mt during the thirteenth week from Feb 24 to Feb 28 (standard type 3128B price), up 44yuan/mt from the previous week. 

Ceiling price of Xinjiang cotton reserves (3128B)
Date CCIndex3128B CncottonB Average
17-Feb 13413 13440 13427
18-Feb 13469 13429 13449
19-Feb 13458 13431 13445
20-Feb 13471 13441 13456
21-Feb 13489 13434 13462
Weekly average 13460 13435 13448
Ceiling price 13716

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