Home / Knowledge / News / Textiles / Textile market relatively stable in March
Textile market relatively stable in March
11
Apr '09
China's textile market was relatively stable in March. Cotton prices rose slightly before slightly dropping while cotton yarn prices at the end of March were basically the same, when compared with those in the month end of February.

At present, stocks of domestic high-grade lint have almost exhausted in the markets and very few companies still hold cotton stocks. Large textile groups have improved their price levels, which in turn has created a ray of hope in cotton markets.

The confidence of cotton enterprises has improved and more of them have started storing cotton on expectations of a bullish market, which is also creating difficulty for cotton consuming mills in procuring high quality cotton.

But the biggest challenge the cotton market faces is accessing funds and many companies admit that current shortage of funds remains a serious problem. The increase in tax rebates once again in April has made many optimistic.

The consecutive increase in tax rebates is considered a good sign by the sector and reflects the importance of the industry in the policy making framework of the government, which is also leading to an improvement in confidence.

However, along with the optimists, there are also some pessimists, who aver that the current decline in external demand has shown no signs of improvement and despite the measures, order book position of export companies is till worrying.

In other market news, Polyester staple fibre prices fell by 50 Yuan per ton to touch 7850 Yuan per ton, while viscose staple fibre rose by 100 Yuan per ton to reach 12,780 Yuan per ton at the end of March from the closing price in February.

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

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Anvita Mehra
Confidential Couture

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

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Larry L Kinn
Suominen Corporation

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

Lynda Kelly
Suominen Corporation

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

Johan Berlin
InvestKonsult Sweden AB

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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