Home / Knowledge / News / Textiles / Chinese silk market soars in May; polyester weak
Chinese silk market soars in May; polyester weak
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

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Steve Cole
Xerium Technologies

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

Eamonn Tighe
Nature Works LLC

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search