Home / Knowledge / News / Textiles / Cotton transactions through CNCE witness surge
Cotton transactions through CNCE witness surge
01
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

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Eamonn Tighe
Nature Works LLC

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

Mark Paterson
Technical Absorbents Ltd

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

Johan Berlin
InvestKonsult Sweden AB

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Pranav Mishra
Huemn

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search