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Ceiling price of China's state cotton purchase auction during Mar 8 and Mar 12, 2021

2021-03-09 08:50:27 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 16,822yuan/mt during the fifteenth week from Mar 8 to Mar 12 (standard type 3128B price), up 152yuan/mt from previous week.　

Ceiling price of Xinjiang cotton reserves (3128B)
Date	CCIndex3128B	CncottonB	Average
1-Mar	16543	16401	16472
2-Mar	16711	16526	16619
3-Mar	16696	16480	16588
4-Mar	16633	16418	16526
5-Mar	16336	16176	16256
Weekly average	16584	16400	16492
Ceiling price	16822

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