Home / Knowledge / News / Textiles / Sharp rise in March cotton price to be limited
Sharp rise in March cotton price to be limited
08
Mar '10
January spot price of China's domestic cotton moderately increased following the trend in end-2009. Buying and selling process of spot cotton slowed down when entering into February, as textile enterprises gradually stopped buying cotton on the advent of Chinese traditional Spring Festival.

Some small-scale cotton trading enterprises garnered funds by delivering spot cotton at lower prices due to tight liquidity conditions, due to which spot cotton prices were weaker as a whole in February.

Domestic cotton price index CNCottonB cotton, representing cotton grade 328 in China stood at 15,005 Yuan / ton on February 26. Taking into account the factor that textile cotton mills did not hold a large quantity of cotton before the Spring Festival to avoid risks, their cotton stock generally may last only 20-25 days, which means they will start cotton purchase by mid-March.

It also should be noted that textile mills have started receiving deliveries of imported cotton under the previously announced one million tons of cotton quota under sliding tariff, along with which transportation of Xinjiang cotton to inland regions after the Spring Festival has improved.

This has led to an improvement in supply situation of spot cotton in inland regions, due to which the room for sharp rise of spot cotton price will be limited.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kevin Nelson
TissueGen

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

Paolo Ocleppo
Sandvik Hyperion

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
April 2017

April 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