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Live News | Time:May 17 2018 11:11AM
Surge of ZCE cotton futures does not affect cotton yarn much in Nantong
 
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The surge of ZCE cotton futures does not affect cotton yarn much in Nantong, but drives up offers of some large cotton yarn mills in Shandong. Sales of cotton yarn keep smooth in Nantong and market players most hold wait-and-see. Shandong-origin carded 40S for rapier is mainly pegged at 23,500yuan/mt, after-tax, delivered. Some cotton yarn mills in Shandong start to adjust offers. Shandong-origin high-grade carded 40S from large mills is quoted at 25,800yuan/mt, up 200yuan/mt.

($1=CNY 6.38)



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