Home / Knowledge / News / Textiles / Strained textile trade weakens cotton demand
Strained textile trade weakens cotton demand
09
Jul '08
As the Chinese textile industry is weakening noticeably, demand for cotton is also dropping significantly. Besides, growth rate of domestic cotton yarn output has declined considerably.

According to the statistics from the State Development and Reform Commission, national yarn output completed 1.9 million tons in May, a year-on-year increase of 12.8 percent.

From January to May this year, national yarn production registered 8.34 million tons, a rise of 11.6 percent from the same time last year, but the growth-rate decreased by 9 percentage points.

From September 2007 to May this year, China's total yarn output fetched 15.45 million tons, up 11.7 percent as compared to corresponding period last year, but down 8.6 percentage points in growth pace.

Cotton imports have dropped. Domestic cotton production has been stabilized in past two years. According to data provided by the US Department of Agriculture, 2007 cotton output was 7.72 million tons, while domestic consumption was over 11 million tons.

Though shortfall was more than 330 million tons, China imported about 2.46 million tons of cotton last year.

According to Customs statistics, cotton imports were 240,000 tons in May, lower than the average level of 275,000 tons in last three years. January-May imports stood at 1.03 million tons, which is also less than the average level of 1.2 million tons in recent three years.

At present domestic textile industry is in a difficult period of transition. It sets to weaken domestic cotton consumption, but not enough to change the current situation of basic supply and demand state. This only slows down the growth rate of consumption.

The spot market trend reveals that cotton trade is slightly moving towards stability. As of July 2, domestic cotton price index for grade 328 was quoted at 13,859 yuan per ton, hike of 9 yuan per ton compared with early March, and 13 yuan per ton more than that in same time last month.

On the whole, the slump of textile industry has inhibited the rise in cotton price and thus domestic cotton rate is expected to mark fluctuating trend for a fairly long period.

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

Courtesy: Tintex

Textiles | On 21st Jun 2018

'Price ratio is key factor for knitted fabrics market'

The price ratio is a key factor for the global knitted fabrics market ...

Leisure sneakers lead US footwear sales: The NPD Group

Apparel/Garments | On 21st Jun 2018

Leisure sneakers lead US footwear sales: The NPD Group

Leisure sneakers dominated US footwear sales between May 2017 and...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Urmil Arya

Sushila International, a well established textile organisation established ...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Paolo Ocleppo
Sandvik Hyperion

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

Eamonn Tighe
Nature Works LLC

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Yash P. Kotak
Bombay Hemp Company

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

Ritu Kumar
Label Ritu Kumar

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search