Home / Knowledge / News / Textiles / Chinese silk market soars in May; polyester weak
Chinese silk market soars in May; polyester weak
03
Jun '13
Silk and cocoon market in China soared in May 2013, while polyester market remained weak.
 
Raw silk market in China soared in May, mainly due to firmer purchase price of Spring cocoon and an increase in export orders received in March and April this year.
 
In Guangxi, the average purchase price of cocoon was around 40 yuan/kg, up about 10 percent compared with the corresponding month of last year. The average price of Spring cocoon was almost near to a record high.
 
On the other hand, China’s purified terephthalic acid (PTA) market showed weak consolidation in May 2013. During the month, the operating rate of downstream weaving enterprises declined, leading to a weaker polyester market.
 
Meanwhile, cotton prices were affected by the policies of the Chinese Government. The purchase of cotton for state reserves has ended, and the market is under control of release of cotton reserves. The future cotton price will depend on the rhythm of cotton release this month. On May 31, the price of cotton was 19,330 yuan/ton, a fall of mere 0.17 percent compared to the beginning of the month.
 

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Textiles | On 20th Jan 2017

Xeros to focus on textile sector to develop technology

Xeros technology group plc, the developer and provider of patented...

Apparel/Garments | On 20th Jan 2017

Nine West acquiring womenswear marketer Kasper Group

US based footwear, accessories and denim company Nine West Holdings...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Jay Ramrakhiani
Occasions Elegance Wear

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Ritu Kumar
Label Ritu Kumar

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

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
January 2017

January 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