Cotton futures at China ZCE futures market made an overall hike Monday, with the most active contract CF701 opened at 13325 yuan and settled at 13415 yuan, soaring 110 yuan from the previous session, following a trade range between 13490-13280 yuan. Trade volume expanded to 14856 lots and positions stood 14856 lots.
Cotton import reached 134,000 tons in September, down 53.14 percent from last month and 57.2 percent less than the same period of last year, according to the General Administration of Customs.
In the first nine months, cotton import accumulated at 3.1623 million tons, increasing 76 percent from the corresponding period in 2005.
On October 23, China national cotton index Cncotton A quoted at 13265 yuan per ton, down 7 yuan than the previous day, and Cncotton B was at 12800 yuan per ton, 5 yuan below yesterday, HZCE cotton in 229 grade offered at 13380 yuan, down 95 yuan on domestic cotton market.
Polyester staple fiber quoted at 11200 yuan per ton, equal to previous session, and Rayon staple fiber listed at 14150 yuan, falling 50 yuan from last Friday.
On domestic yarn markets, OE10S traded at 13035 yuan, down 20 yuan; C32S priced at 18955, less 50 yuan comparing to the prior day. JC40S quoted at 23880 yuan, down 50 yuan; 45S offered at 18140 yuan, reducing 30 yuan.
One lot is equivalent to 5 metric tons
One US dollar equals about 7.90 yuan.
Fibre2fashion News Desk - China
marketing@alchempro.com
