Home / Knowledge / News / Textiles / Electronic cotton market weakens on May 7
Electronic cotton market weakens on May 7
10
May '10
The National Cotton Electronic market realized transactions of 15,160 tons cotton on May 7; an increase of 2,020 tons compared with the previous day. The market was mainly plagued by macroeconomic concerns.

Fund traders sold off across the board in commodities market and stock market, cotton futures market was significantly suppressed, ICE July contract triggered stop-loss orders and closed at 79.85 cents / lb, down 223 points.

China's Cotton Electronic Matching Market weakened due to the impact of external environment. Spring planting is approaching an end along with concerns of the upcoming regulation and control policy.

Contract MA1005 closed at 17,315 Yuan, down 129 Yuan from the previous day; the most active MA1007 closed at 17,630 Yuan, down 56 Yuan. Contract MA1010 (328B) was priced lowest at 16,770 Yuan, and MA1008 recorded the highest at 17,700 Yuan.

On the same day, landed mill price of China Cotton Price Index 229 stood at 17,034 Yuan / ton, down 414 Yuan compared to the average price at 17,440 Yuan of MA1005.

As of May 6, cotton supply in the National Cotton Exchange was 193,242 tons, 2,417 tons less than the previous day; of which 10,136 tons have been publicly inspected, an increase of 72 tons from the previous day.

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: American & Efird

Textiles | On 20th May 2018

A&E introduces Repel

American & Efird (A&E), a global leader in industrial sewing thread...

Archroma working with House of Denim Foundation

Textiles | On 20th May 2018

Archroma working with House of Denim Foundation

Archroma, a leader in colour and specialty chemicals, has joined...

Courtesy: Amazon

Textiles | On 20th May 2018

Amazon opening first fulfillment centre in Tucson

Amazon.com is opening its first fulfillment centre in Tucson, which...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search