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Yarn zone at Intertextile Shanghai sees visitors spurt
11
Apr '14
Being held concurrently with Intertextile Shanghai Apparel Fabrics – Spring Edition 2014 which brought synergistic effects, the pavilion saw a growth of over 200% in its visitor number from last year, while the top five overseas visiting countries and regions were Hong Kong, India, Japan, Korea, and Turkey. 
 
This designated yarn zone featured 233 exhibitors from 11 countries and regions – including China, Hong Kong, India, Korea, Pakistan, Portugal, Singapore, Switzerland, the US, Turkey and Uzbekistan – up 20% from last year. 
 
Domestic man-made fibre supplier – Shenghong Group – said they can foresee a more prosperous foreign trade environment coming from the fair. “We saw more interest from foreign buyers at the fair for our man-made fibres, like polyester,” said the firm’s Sales Manager Jia Miao, stating the export volume of their polyester products has increased recently, especially to Southeast Asia, while prices have remained stable or gone up slightly.
 
Exhibitors were mostly optimistic about the future of the yarn market in Mainland China despite the Chinese government’s plan to terminate the current cotton stockpiling policy. “We have talked to exhibitors and many of them expect to see more new orders coming in soon, and this fair has provided them with an ideal platform to connect with potential customers,” said Wendy Wen, Senior General Manager of Messe Frankfurt (HK) Ltd, the organiser of the fair. 
 
Although the abandoning of the current cotton purchasing policy has caused a nationwide cotton price drop in China, many exhibitors are expecting to see the positive effects of this move within six months. “China’s cotton price is much higher than the rest of the world.
 
"If the Chinese government ends the current cotton stockpiling policy, the price in China will drop, and this will weigh on the global cotton price within six months. This means we can save more on our raw materials at that time,” said Ravindranathan Narayanasamy, Joint Director of the Cotton Textiles Export Promotion Council in India. 
 
New Shanghai location attracts more buyers
Having moved to Shanghai from Beijing this year, Yarn Expo Pavilion offered even more business opportunities to both exhibitors and buyers. “Having the fair held in Shanghai is better as we saw more customers this year,” said repeat exhibitor Muhammad Abid Mehmood, Marketing Manager of Hussain Mills Ltd in Pakistan. 


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