Home / Knowledge / News / Textiles / Cotton transaction through CNCE declines
Cotton transaction through CNCE declines
10
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 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Varinder Singh Jawanda
Trendy Bharat

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

Lynda Kelly
Suominen Corporation

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

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

Pranav Mishra
Huemn

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

Madhu Jain
Madhu Jain

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

Jay Ramrakhiani
Occasions Elegance Wear

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

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


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