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75 Thousand Tons Of State Cotton Were Sold &Nbsp, And The Average Paction Price Was 18017 Yuan / Ton.

2010/9/9 19:28:00 93

Recently, 600 thousand tons of national cotton auction

Quotation

Keep heating up.

August 30th -9 3 weeks, the planned reserves of 75 thousand tons in the week, all pactions, the average paction price of 18017 yuan / ton, compared with last week rose 306 yuan / ton, or 1.7%, folded standard cotton price 18414 yuan / ton, compared with last week, up 306 yuan / ton, or 1.7%.

As of September 3rd, the total volume of dumping and storage totaled 275 thousand tons, grade 3.72, with an average length of 28.35 millimetres, and 45.8% of the total plan. The average paction price was 17853 yuan / ton, and the standard grade cotton price was 18183 yuan / ton, which was higher than the average price of the standard grade cotton in the same period in the same period of 75 yuan / ton.

Domestic cotton prices rose slightly.

In September 3rd, the national cotton price B index, representing the average price of the standard grade cotton in the mainland, was 18080 yuan / ton, up 3 yuan / ton compared with last week.

Zhengzhou

cotton

Futures contract settlement price in September was 18525 yuan / ton, up 160 yuan / ton compared with last week, or 0.9%.

Beijing's national cotton trading market electronic matching pactions in September the average contract price of 18692 yuan / ton, compared with last week rose 39 yuan / ton, or 0.2%; Hefei national cotton trading center electronic matching paction September contract settlement price 18040 yuan / ton, compared with last week rose 30 yuan / ton, or 0.2%.

In terms of international cotton prices, the US dollar index weakened, commodity prices rose, and cotton production remained inadequate, and international cotton prices continued to rise.

But it is worth noting that ICE cotton prices continue.

Rise

The pressure on profit taking has increased, and the cotton prices in Pakistan have receded since the flood subsided.

In September 3rd, the ICE cotton futures contract settlement price in October was 90.95 cents / pound, up 1.92 cents / pound compared with last week, or 2.2%, while the December contract settlement price was 89.45 cents / pound, up 3.38 cents / pound compared with last week, or 3.9%; the international cotton index (M grade) 100.28 cents / pound on behalf of the average price of the imported cotton main port in China rose 3.56 cents / pound, or 3.7%, compared with last week.

According to the 1% tariff, the discount price is 17551 yuan / ton (at 6.7973 exchange rate), which is lower than the domestic market 529 yuan / ton, the price difference narrowed 599 yuan / ton last week. According to the sliding tax, the discount price to the factory price is 17951 yuan / ton, which is lower than the domestic market 129 yuan / ton, and the price difference narrowed 593 yuan / ton last week.