Home / Knowledge / News / Textiles / Prices of imported cotton decline at Chinese ports
Prices of imported cotton decline at Chinese ports
11
Apr '13
The prices of imported cotton are declining in recent time at major Chinese ports and on April 10, most varieties fell by 0.75 cents/lb. 
 
There was no improvement in market transactions as textile mills are still trying to get the exact policy message as in the event of the Government offloading its reserves, there will be enormous pressure on the market.
 
On April 10, the spot price of US cotton was quoted at 98.10 cents/lb and port delivery price, including sliding duty, was 16,182 yuan/ton. Similarly, the price of Uzbek cotton was 100.85 cents/lb, with port delivery price being 16,520 yuan/ton, with sliding duty.
 
The price of cotton imported from West Africa was assessed at 94.85 cents/lb, and the port delivery price was 16,795 yuan/ton, including sliding tax.
 
Indian cotton was the cheapest among the imported cotton and was available at 92.70 cents/lb, with the port delivery price being 15,545 yuan/ton, with sliding tax.
 
Meanwhile, the domestic cotton prices are relatively stable. The Government has announced implementation of cotton purchase and storage policy for 2013-14 season, aimed at stabilizing the spot price.
 
The price of CNCotton A was 20,150 yuan/ton, while the price of CNCotton B was 19,325 yuan/ton on April 10.
 
Since March this year, orders with Chinese textile enterprises have been gradually increasing and looking at the current situation, the demand for cotton is likely to increase in near future.
 

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Rupa Sood and Sharan Apparao
Nayaab

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
March 2017

March 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