Home / Knowledge / News / Textiles / Cotton transaction through CNCE declines
Cotton transaction through CNCE declines
Feb '11
On February 9, transactions through electronic matching trade market on China National Cotton Exchange (CNCE) reached 18,540 tons, registering a decrease of 3,300 tons in comparison with the previous day.

All MA contracts opened slightly higher on the day except contract MA1106 which opened lower, as being impacted by increased interest rate by the central bank. Intraday volatility was significant, but rising trend did not change, all contracts closed about 100 Yuan / ton higher.

Forward month contract MA1107 closed sharply higher by over 600 Yuan / ton, the main contract MA1105 closed at 32,527 Yuan / ton, up 156 Yuan / ton, nearby month contract MA1102 closed at 31,518 Yuan / ton, up 91 Yuan / ton. MA1102 fell to the lowest level at 31,500 Yuan / ton, while MA1107 hit the highest intraday level at 33,700 Yuan / ton. Both trade volume and orders reduced.

Forward month contract MA1107 averaged at 33,188 Yuan / ton, creating the largest increase of 636 Yuan / ton, while other contracts gained between 32-190 Yuan /ton, of which, MA1102 averaged at 31,518 Yuan / ton, 2732 Yuan / ton higher in comparison with China Cotton Index 328.

On February 9, cotton price index in China rose 71 Yuan / ton to 28,786 Yuan / ton. The central parity of Yuan / ton exchange rate against US dollar on interbank foreign exchange market was 6.5850 Yuan against one US dollar.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Lynda Kelly
Suominen Corporation

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

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 ...

Ritu Kumar
Label Ritu Kumar

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

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search