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

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Silke Brand-Kirsch
Schlegel und Partner

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

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...

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:
June 2017

June 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