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Ceiling price of China's state cotton purchase auction during Jan 13-17, 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 14,107yuan/mt during the seventh week from Jan 13 to Jan 17 (standard type 3128B price), up 238yuan/mt from the previous week. 

Ceiling price of Xinjiang cotton reserves (3128B)
Date CCIndex3128B CncottonB Average
6-Jan 13698 13781 13740
7-Jan 13743 13873 13808
8-Jan 13806 13899 13853
9-Jan 13815 13932 13874
10-Jan 13823 13938 13881
Weekly average 13777 13885 13831
Ceiling price 14107
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