Home / Knowledge / News / Textiles / Zhengzhou cotton futures decline sharply
Zhengzhou cotton futures decline sharply
28
Feb '11
Cotton futures at Zhengzhou Exchange fell sharply again. The most active contract 1109 fell 1,410 Yuan to close at 30,280 Yuan per ton, down 4.45 percent from the previous trading day.

Forward month contract 1201 closed at 26,295 Yuan per ton, the price fell to an absolute low level. The textile industry could await buying opportunities ranging from 26,000 Yuan to 25,000 Yuan per ton.

Domestic cotton futures prices and electronic matching market prices fell for the third consecutive day, cotton spot price began to relax, offers of inland cotton fell about 500 Yuan per ton, but price of Xinjiang cotton was still strong.

Imported cotton will continue to arrive at ports; in addition, existing stock will basically meet the needs of textile enterprises this year.

According the survey of China Cotton Information Network, as of the end of January 2011, China's total business cotton inventories and industrial stocks were 4.83 million tons, a slight increase of 100,000 tons over last year.

It will be worthwhile watching the impact on downstream cotton yarn market brought up by the decline in cotton price.

Looking at a view of medium to long term, domestic textile consumption will remain strong, while export market will also remain stable under the context of sustained global economic recovery.

Fibre2fashion News Desk

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Eamonn Tighe
Nature Works LLC

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

Marten Alkhagen
Swerea IVF AB

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Rupa Sood and Sharan Apparao
Nayaab

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
January 2017

January 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