Home / Knowledge / News / Textiles / Cotton prices inch down
Cotton prices inch down
Nov '10
On November 18, transactions through electronic matching trade market on China National Cotton Exchange (CNCE) reached 29,240 tons, down 14,380 tons compared with the previous day.

The front five contracts of ICE cotton futures closed sharply lower again on November 17, open interests reduced to nearly the lowest level in three months.

In China, the executive meeting of State Council once again deployed for inflation situation on November 17, stressing the state will introduce temporary intervention measures over prices of production materials and important daily necessities when necessary, market is cautious towards tightening policy, the expectation of raising interest further grows.

Weiqiao Textile Group in Shandong province cut its buying price by 500 Yuan / ton to 28,300 Yuan / ton for cotton grade-3 and 27,900 Yuan / ton for cotton grade-4 on the same day.

M-contracts continued to decline, all contracts closed 800-900 Yuan / ton lower on the day. Nearby month contract MA1011 closed at 27,080 Yuan / ton, down 627 Yuan; the most active contract MA1103 closed at 26,250 Yuan / ton, down 987 Yuan. Intraday trade volume shrank, orders continued to decline.

Contract MA1103 set the lowest price at 26,105 Yuan / ton; while MA1011 hit the highest price at 27,707 Yuan / ton. On November 18, cotton price index in China fell 555 Yuan / ton to 28852 Yuan / ton.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Interviews View All

Studio Priyanka Rajiv

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

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Paolo Ocleppo
Sandvik Hyperion

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

Eamonn Tighe
Nature Works LLC

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

Silvia Venturini Fendi
Fendi s.r.l

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

Igor Chapurin

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

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

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


Browse Our Archives


Advanced Search