Home / Knowledge / News / Textiles / Cotton transactions through CNCE witness surge
Cotton transactions through CNCE witness surge
Feb '11
On January 31, transactions through electronic matching trade market on China National Cotton Exchange (CNCE) reached 19,900 tons, registering an increase of 8,500 tons against that of the previous day.

Most contracts on Match market opened higher on the day, extended gains during the session and finally closed up across the board. The main contract MA1105 closed at 31,980 Yuan/ton, up 710 Yuan/ton and nearby month contract MA1102 closed at 30,950 Yuan/ton, up 518 Yuan/ton.

MA1102 set the lowest intraday price at 30,455 Yuan/ton, while MA1107 hit the highest intraday price at 32,345 Yuan/ton. Trade volume increased, order quantity continued to expand.

All MA contracts closed sharply higher on the day, of which, MA1106 rose 625 Yuan/ton to 31,959 Yuan/ton, creating the largest gain among all contracts, when other contracts rose between 300-600 Yuan/ton. The forward month contract MA1107 remained at the top over all contracts with the average price of 32,154 Yuan/ ton.

On January 31, cotton price index in China rose 20 Yuan/ton to 28,682 Yuan/ton. On January 31, the central parity of Yuan/ton exchange rate against US dollar on interbank foreign exchange market was 6.5891 Yuan against one US dollar.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Poojaa Kumar Deepak

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

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly
Suominen Corporation

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Jay Ramrakhiani
Occasions Elegance Wear

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

February 2017

February 2017

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


Browse Our Archives


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