Stocks of Chinese MMF fabric sector grow rapidly in Q1

The cost margins of the Chinese manmade fibre (MMF) fabric weaving and processing sector has taken a hit in the first quarter of 2012.

Against an average cost margin of 4.55 percent clocked in the past, the same has slipped to 3.88 percent in the first three months of 2012.

The asset-liability ratio of the manmade fibre fabric weaving and processing industry stood at 67.8 percent, against 57.67 percent of the overall textile sector.

Inventory of finished products grew 28.55 percent year on year, indicating insufficient sales. The proportion of current assets to total assets has reached 60.82 percent.

Fibre2fashion News Desk - China