Home / Knowledge / News / Textiles / Spot cotton sellers adjust prices, still no takers
Spot cotton sellers adjust prices, still no takers
06
Aug '10
Zhengzhou cotton contract CF1101 opened flat on August 5, the market declined on liquidation of long positions after a rally, daily average showed a negative trend, intraday trade volume shrank and open interest fell.

ICE cotton futures adjusted on Wednesday. CNCE trading transactions registered 11,960 tons through electronic match on the day, the market opened lower amid shocks, MA contracts showed small waves and trade and order volumes fell marginally.

Spot selling was larger than spot buying. One cotton trader in Zhejiang adjusted his selling price of Xinjiang cotton down to 18,300 Yuan / ton, but still it not easy to sell out. Most textile factories hold abundant stocks.

Meanwhile it is known that cotton textile enterprises are expected to accept the price of 18,000 Yuan / ton for the about to be released state cotton reserves. On August 4, Chinese cotton price index (CC Index 328) was 18218 Yuan/ ton.

The US cotton index and December contract closed in a negative range on Wednesday, December contract failed to test the high point of the previous day, but found support from the daily average.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Apparel/Garments | On 19th Jan 2017

Asahi Kasei to display sustainable fibre at trade shows

Asahi Kasei, specialty Japanese fibre producer, will be displaying...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Frank Gossmann
Rotorcraft AG

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

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Suresh Patel
Sidwin Fabric

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search