Home / Knowledge / News / Textiles / Cotton electronic trading price breaks barrier
Cotton electronic trading price breaks barrier
06
Jul '10
On July 2, market transactions through electronic matching on China National Cotton Exchange (CNCE) reached 28,200 tons, an increase of 19,640 tons compared with the previous day and all of the transactions were under MA contracts.

ICE cotton opened slightly higher on July 1, but gradually lowered due to poor external environment, most new cotton contracts rebounded from decline due to support from trade buying and some short covering, the market finally closed flat or slightly higher, the most active December contract settled at 76.45 cents / pound, up 29 points.

China matching market continued on a galloping trend. Nearby month contract re-broke the 19,000 mark to close at 19,080 Yuan / ton, up 149 Yuan / ton. The most active contract MA1008 closed at 18,890 Yuan / ton, up 29 Yuan.

Contract MA1012 closed at 16,710 Yuan / ton and contract MA1007 closed at 19,080 Yuan / ton, thereby recording the maximum price.

Landed mill price of Chinese cotton price index 229 was 18,835 Yuan / ton, 143 Yuan less than the average price of nearby contract MA1007. The rate of the central parity of RMB exchange against one dollar on bank's foreign exchange market was 6.7720 Yuan.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 22nd May 2017

GST to be biggest achievement of Modi govt: ASSOCHAM

Goods and Services Tax (GST) which is near a roll-out would be the...

Textiles | On 22nd May 2017

Maintaining NAFTA benefits is crucial: Cotton council

The US must remain a participant in a vibrant North American Free...

Apparel/Garments | On 22nd May 2017

Retailers ask Congress not to go for consumption tax

The National Retail Federation has asked US Congress to focus on...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search