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

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Suresh Patel
Sidwin Fabric

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Rupa Sood and Sharan Apparao
Nayaab

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search