Interviews
China hikes cotton prices under new purchase plan
02 Mar '12
1 min read
As expected, the Chinese state authority announced a new cotton temporary purchase and storage plan on March 1.
As per the new plan, the cotton purchase price is 20,400 Yuan / ton, up 600 Yuan / ton, or 3 percent compared with the 2011 purchase price.
Meanwhile, the Zhengzhou cotton futures market reacted by sudden up's and downs during the day.
Intraday highest point hit 21,965 Yuan / ton. It then sharply declined towards closing time to 21,785 Yuan / ton, down 55 points from the previous trading day.
As per the new plan, the cotton purchase price is 20,400 Yuan / ton, up 600 Yuan / ton, or 3 percent compared with the 2011 purchase price.
Meanwhile, the Zhengzhou cotton futures market reacted by sudden up's and downs during the day.
Intraday highest point hit 21,965 Yuan / ton. It then sharply declined towards closing time to 21,785 Yuan / ton, down 55 points from the previous trading day.
Fibre2fashion News Desk - China
Popular News
Leave your Comments
Editor’s Pick
Folker Stachetzki
Brother Internationale Industriemaschinen GmbH
Savita Jain and Avani K Chandan
The House of Ara
Kunal Mehta
Kanchi by Shobhna and Kunal Mehta
Susanne Guldager
Label - La Femme Rousse
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
