Home / Knowledge / News / Textiles / Spinning units in Jiangsu to participate in state cotton auction
Spinning units in Jiangsu to participate in state cotton auction
09
Jun '09
Recently, influenced by a decline in auction price and volumes of state cotton reserves, spot price of lint cotton has slightly dropped in Jiangsu and so local spinning units are prepared to participate in the auction of state cotton reserves.

It is reported that transaction price of local cotton in 328 grade is 13,000 Yuan per ton, down 50 Yuan from the previous week. Spinning units have accepted the current auction price level; especially since the release of old cotton is more attractive to local textile manufacturers.

At present, cotton stock of local enterprises is almost exhausted and current market is not optimistic for textile industry, and the industry still faces pressure on sales of finished goods as well as financial problems.

Factories have to ensure stability of operation and workers by insisting on certain scale of production, so they will also have to arrange for additional funds to participate in the auction and also solve problem of inadequate raw materials.

It is also reported that current trend in sales of cotton yarns show 3 features; sales of yarn count lower than 32s is better than higher yarn count; sales of color yarn is better than grey yarn and sales of blended yarn is better than pure cotton yarn.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Vasanth Kumar
Max Fashion India

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

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kevin Nelson
TissueGen

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

Johan Berlin
InvestKonsult Sweden AB

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X