Home / Knowledge / News / Textiles / Electronic cotton trading market posts gains
Electronic cotton trading market posts gains
06
Sep '10
On September 03, transactions through electronic matching trade market on China National Cotton Exchange (CNCE) reached 45,020 tons, down by 1,900 tons compared with the previous day.

ICE cotton prices soared again on September 2. The most active December contract reached the highest point since March 2008, up 208 points to close at 89.49 cents / pound, its two-day gain fetched 329 points in a row.

Under the influence of ICE cotton market and local rainfall in primary cotton production areas in China, MA contracts extended sharp gains of the previous day, the market once again approached intra-day limit.

Except contract MA1009, all other MA contracts increased by 215-300 Yuan. Nearby month contract MA 1009 closed at 18,800 Yuan / ton, up 215 Yuan; the major contract MA1101 closed at 18,175 Yuan, up 298 Yuan.

Contract MA1012 closed at 18,010 Yuan (328B) to fall to its lowest level, while contract MA1009 closed at 18,800 Yuan and in the process, hit the highest price.

The price index of Chinese cotton grade 328 was 18,017 Yuan / ton on the day, 675 Yuan lower compared to the average price of nearby month contract MA1009. On September 3, cotton price index in China gained 5 Yuan to 18,017 Yuan / ton.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Larry L Kinn
Suominen Corporation

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Igor Chapurin
Chapurin

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

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:
June 2017

June 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