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Ceiling price of China's state cotton purchase auction during Jan 6-10, 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 13,869yuan/mt during the sixth week from Jan 6 to Jan 10 (standard type 3128B price), up 291yuan/mt from the previous week. 

Ceiling price of Xinjiang cotton reserves (3128B)
Date CCIndex3128B CncottonB Average
30-Dec 13318 13680 13499
31-Dec 13369 13709 13539
2-Jan 13601 13729 13665
3-Jan 13619 13755 13687
Weekly average 13477 13718 13598
Ceiling price 13869

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