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VSF exports in June record a plunge
Jul '08
Statistics provided by the Customs data shows that in the month of June this year, the total export of VSF made by China reached 5473.31 tons, a decline of 38.57 percent from the same period last year and a drop of 19.30 percent from May.

Dipping exports also impacted the export delivery value which got sharply reduced by US $4.8512 million or 28.49 percent from the previous month and representing a substantial drop of 36.54 percent compared to June 2007.

However, the average price of June VSF exports stood at $2224.32 per ton, an increase of 3.29 percent from the same time last year, but down 11.39 percent from the average level of $2510.15 in May 2008.

In the first half of 2008, China's total export of VSF amounted to 47105.81 tons, down by 9.93 percent compared to a year earlier. Cumulative export revenues totaled $122.70 million, up by 22.09 percent than the previous year. The average price of VSF exports was $2568.12 per ton, reflecting a year on year increase of 34.03 percent.

Fibre2fashion Nws Desk - China

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