Home / Knowledge / News / Textiles / Cotton electronic market in strong wait & watch mode
Cotton electronic market in strong wait & watch mode
07
Jul '10
On July 6, cotton market transactions through electronic matching trade on China National Cotton Exchange (CNCE) reached 11,400 tons, 7,500 tons less compared with the previous day.

Contract MA1007 opened slightly higher on the day. The contract closed higher at 19,000 Yuan due to support from spot market. Contract MA1012 closed slightly higher, but all of other mid-term or forward contracts continued to decline.

The most active contract MA1008 closed at 18,782 Yuan, down 30 Yuan; both trade volume and order volume reduced. Contract MA1012 (328B) closed at 16,620 Yuan, the lowest price and contract A1007 closed at 19,040 Yuan, the highest price.

On the day, matching transactions were 11,000 ton, 7,500 tons less than the previous day. In recent days, the market is holding strong watching sentiment. Landed mill price of China Cotton Price Index 229 was 18,849 Yuan / ton on the day, 145 Yuan less than average price of nearby contract MA1007.

On July 6, cotton price index in China rose 12 Yuan to 18,383 Yuan; on July 6, the central parity of RMB exchange rate against one dollar on interbank foreign exchange market was 6.7790 Yuan against one US dollar.

Fibre2fashion News Desk - India

Must ReadView All

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Frank Gossmann
Rotorcraft AG

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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