Home / Knowledge / News / Textiles / Chinese wool imports expected to decline in H2
Chinese wool imports expected to decline in H2
11
Nov '09
While wool industry was hit by the international financial crisis in the first half, global prices of raw materials fell to the bottom and this low-cost level of wool brought opportunities to China's wool industry, coupled with production demand and lower inventory.

China imported 20,500 tons of wool in September this year, down by 5.11 percent year on year and 241,140 tons of wool from January to September, up 3.95 percent year on year according to customs statistics.

In the second half, under the influence of rapid increase in exchange rates of the Australian and New Zealand dollars, international market price of wool kept increasing for 4 consecutive months.

To avoid risks of exchange rate in the second half, China's companies were more cautious in buying wool, so September imports of wool declined markedly and are also expected to reduce in the second half, when compared with that in the first half.

In response to excessive rise in wool price in the second half, China's producers can only dilute the cost by internal absorbing higher price and as there has been no significant increase in export sales, they are consumption of inventories and production of low-end woolen products.

Fibre2fashion News Desk

Must ReadView All

Textiles | On 30th May 2017

CAI estimates 2016-17 cotton crop at 340.5 lakh bales

Cotton Association of India (CAI) has retained its earlier estimate...

Courtesy: World Bank/Claude Renault

Textiles | On 30th May 2017

India’s economic fundamentals remain strong: World Bank

India remains the fastest growing economy in the world – economic...

Courtesy: Dollar Industries

Apparel/Garments | On 30th May 2017

Dollar Industries registers Rs 906 cr turnover in FY17

Hosiery major Dollar Industries Limited registered a turnover of Rs...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Prathyusha Garimella
Prathyusha Garimella

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

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