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Yarn production may cross 21 million tons mark in 2008
08
Aug '08
According to the National Bureau of Statistics, total production of various kinds of yarns from above scale enterprises reached nearly 1.999 million tons in June 2008, once again setting a high record.

This showcases a year-on-year rise of 9 percent, however, the growth rate slowed down when compared to same period of last year.

Among them, total cotton yarn production reached almost 1.6081 million tons, a boost of 171,400 tons over the same time of 2007, and 73,100 tons higher when compared to May 2008.

All kinds of blended yarns marked 241,100 tons of production, observing a yearly decline of 1.95 percent.

Different varieties of pure chemical fiber yarns output reached 150,200 tons, similar to same period of 2007.

From January to June, cumulative production of diverse yarns touched around 10.2791 million tons, a rise of 10.85 percent from the first half of 2007.

Yarn production totaled at almost 17.4458 million tons in the first 10 months of 2007/08, an increase of 11.50 percent from the same time last year.

It is assumed that in 2008 the total yarn production can cross 21 million tons mark. According to the trend that has prevailed in previous years, spinning production in the second half is not lower than that the first half.

The total yarn output of last year registered approximately 19.9865 million tons. So the annual production of yarns can be more than 21 million tons in 2008. This estimation is done taking into considration the average increase of 10 percent that has taken place in the first half of this year.

Fibre2fashion News Desk - China

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