Home / Knowledge / News / Textiles / Cotton e-matching trades fall on Dec 30
Cotton e-matching trades fall on Dec 30
31
Dec '10
On December 30, transactions through electronic matching trade market on China National Cotton Exchange (CNCE) reached 9,900 tons, down, 10,940 tons compared with the previous day.

ICE cotton futures March contract fell sharply again for the fifth consecutive day and the cumulative drop of the five days totaled to 1869 points. March contract closed at 140.43 cents / lb, down 392 points; May contract closed at 131.68 cents / lb, down 137 points.

E-matching market opened lower but moved higher amid shocks on the day, and closed slightly higher by about 100 Yuan per ton, close level of contracts returned back to about 27,500 Yuan / ton.

The main contract MA1103 closed at 27,450 Yuan, up 66 Yuan, nearby month contract MA1101 closed at 27,500 Yuan, down 18 Yuan; daily trade volume largely shrank, order quantity reduced.

Contract MA1103 set the lowest price at 27,305 Yuan; while contract MA1101 hit the highest price at 27,610 Yuan on the day, the main contract MA1106 topped all the contracts at the average price of 27,549 Yuan.

On December 30, cotton price index in China rose 7 Yuan to 27,503 Yuan / ton. On December 30, the central parity of RMB exchange rate against one US dollar on interbank foreign exchange market stood at 6.6229 Yuan.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 28th Apr 2017

Fix 5% GST rate for textile goods: Textile bodies

Uniform levy of 5 per cent Goods and Services Tax (GST) on all...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Courtesy: Williamsburg Garment Company

Fashion | On 28th Apr 2017

'We have grown by staying small & maximising efforts'

The easiest way to go out of business is to be too big or expand too...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Lynda Kelly
Suominen Corporation

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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:
April 2017

April 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



X