Home / Knowledge / News / Textiles / Cotton electronic market in strong wait & watch mode

Cotton electronic market in strong wait & watch mode

07
Jul '10
On July 6, cotton market transactions through electronic matching trade on China National Cotton Exchange (CNCE) reached 11,400 tons, 7,500 tons less compared with the previous day.

Contract MA1007 opened slightly higher on the day. The contract closed higher at 19,000 Yuan due to support from spot market. Contract MA1012 closed slightly higher, but all of other mid-term or forward contracts continued to decline.

The most active contract MA1008 closed at 18,782 Yuan, down 30 Yuan; both trade volume and order volume reduced. Contract MA1012 (328B) closed at 16,620 Yuan, the lowest price and contract A1007 closed at 19,040 Yuan, the highest price.

On the day, matching transactions were 11,000 ton, 7,500 tons less than the previous day. In recent days, the market is holding strong watching sentiment. Landed mill price of China Cotton Price Index 229 was 18,849 Yuan / ton on the day, 145 Yuan less than average price of nearby contract MA1007.

On July 6, cotton price index in China rose 12 Yuan to 18,383 Yuan; on July 6, the central parity of RMB exchange rate against one dollar on interbank foreign exchange market was 6.7790 Yuan against one US dollar.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Polygiene

Apparel/Garments | On 2nd Apr 2020

Polygiene launches ViralOff, a sanitiser for garments

Swedish odour control technology company Polygiene has launched...

Pic: JNCASR

Textiles | On 2nd Apr 2020

Indian researchers make coating to kill virus like COVID

A one-step curable anti-microbial coating, which when coated on...

Pic: Shutterstock

Apparel/Garments | On 2nd Apr 2020

FDA issues new policy for surgical apparel during crisis

The US Food and Drug Administration (FDA) issued an immediate...

Interviews View All

Sanjay Yagnik, Maa Tex Speciality

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Asim Dalal, Indo Count Retail Ventures

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Akash Khetan, Narayan Tex Fab

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Cong Zheng,

Cong Zheng

The China Textile Machinery Association (CTMA) is a social-economic...

Mario Castro,

Mario Castro

Fibraltex is an integral factory dedicated to the production of denim...

Abhishek Dhanuka,

Abhishek Dhanuka

Vyom International Pvt Ltd, established in 2002, is one of Surat's leading ...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Marcel Alberts, Eurofibers

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Karl Zelik, Vanderbilt University

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

Leave your Comments


March 2020

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


Advanced Search