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

Courtesy: Stone Island

Apparel/Garments | On 25th Jun 2018

Stone Island has mastered ingredient branding: Braind

Italian high-end men's apparel brand Stone Island tops the list of...

Courtesy: Tecnorama

Textiles | On 25th Jun 2018

'Tecnorama automatic dyeing system offers efficiency'

Italy based Tecnorama’s fully-automatic machinery for dispensing...

Courtesy: Lenzing

Textiles | On 25th Jun 2018

Lenzing launches Veocel nonwoven speciality brand

Leading fibre company, the Lenzing Group has unveiled Veocel, the new ...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Giorgio Mantovani
Corman S.p.A

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

Johan Berlin
InvestKonsult Sweden AB

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

Paolo Ocleppo
Sandvik Hyperion

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

Pranav Mishra
Huemn

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

Prathyusha Garimella
Prathyusha Garimella

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth 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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search