Home / Knowledge / News / Textiles / Low cotton price prompts mills to go on a purchase drive
Low cotton price prompts mills to go on a purchase drive
10
Sep '08
Cotton inventories in the domestic market are still overstocked and to top it up new cotton arrival is yet to come. This, along with a host of other factors, has invariably led to a decline in the price of cotton in Xinjiang.

Price of cotton in Xinjiang has tumbled from its initial peak and is currently being sold at 13,500 yuan per ton. However, the price is still higher than that for the new cotton which is being traded at 13,000 yuan per ton. As such, even the purchase price has been pulled lower from last year's high as settlement is made only on the previous carload after receiving the new consignment.

Industrial sources believe that price for new cotton would remain stable at 13,000 yuan and is unlike to decline further beyond that level. Adjustments would be made in the cotton purchase scheme according to the actual market situation and needs of the factory.

It has also been reported that a huge quantity of Shandong cotton is expected to get into the market around mid-September. In fact, a number of enterprises have also made enquiries as to the quality, price and other major indicators, in order to ensure the stable quality of their products. A large volume of new cotton is likely to be purchased by the end of September or early October.

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

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Yash P. Kotak
Bombay Hemp Company

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

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