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 19th Sep 2017

Karl Mayer expands service operations in Asia

Karl Mayer, a world leader in the production of warp knitting and...

Textiles | On 19th Sep 2017

Welspun bags Made in Green label by Oeko-Tex

Welspun, a leading home textiles manufacturer, has been awarded Made...

Courtesy: SGS

Textiles | On 19th Sep 2017

SGS expands testing facilities in Naucalpan, Mexico

SGS has expanded testing facilities in Naucalpan, Mexico, creating a...

Interviews View All

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Lynda Kelly
Suominen Corporation

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Yash P. Kotak
Bombay Hemp Company

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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