Home / Knowledge / News / Textiles / Chinese share of cotton yarn imports is higher than cotton
Chinese share of cotton yarn imports is higher than cotton
26
May '09
Imports in the first four months of this year registered 6,408 tons, down 72 percent from the same time last year; import value scored US $8,426,000, down 76.9 percent year-on-year and the average price was $1,315 per ton, down 17.5 percent year-on-year.

It is reported that cotton imports of Guangdong Province has rapidly declined, mainly due to sluggish demand from international markets. Since the end of last year, domestic cotton price has been higher than international cotton price.

By the end of April, China's cotton price averaged at 12,713 Yuan per ton, higher than 11,692 Yuan at the end of March, an increase of 1021 Yuan. Based on conversion of exchange rate 1:6.823, the average import price of Guangdong Province was only 8,482 Yuan per ton in April, much lower than the price level over the same period in domestic market.

At the same time, China's cotton yarn prices were also significantly higher than prices in international market; for example, pure cotton yarn 20s was about 2,000 Yuan higher per ton than similar products quoted in Pakistan.

The increase in cotton price spread between domestic and international markets has encouraged domestic textile enterprises to increase imports from abroad.

In the first four months this year, Guangdong Province imported 190,000 tons of cotton yarn, down 11 percent year-on-year; however, the drop was far less than that in cotton imports over the same period.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Vasanth Kumar
Max Fashion India

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

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search