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Added-value of textile sector posts good growth
25
Jun '10
According to recent report from the Ministry of Industry and Information, in May this year, the textile industry realized a 12 percent increase of added value, year on year, but was down 0.2 percent from the previous month.

Export delivery value registered an increase of 18 percent year on year, 0.2 percent faster than the previous month.

Among main products, yarn, fabric, and clothing output rose by 16 percent, 15.6 percent and 37.9 percent, respectively, year on year, while chemical fiber output rose by 7.4 percent year on year.

From January to May, the textile industry achieved a 12.9 percent increase of added value year on year, 5.5 percent higher than the same period last year. In the same period export delivery value grew by 15.5 percent, an increase of 6.4 percent year-on-year.

Among main products, yarn, cloth, apparel production rose by 17.4 percent, 17.2 percent and 22.4 percent, respectively, year on year, while Chemical fiber production growth was 15.8 percent year on year.

Domestic cotton prices continued to rise, cotton yarn prices rose sharply. In May this year, domestic cotton price index (328) stood at 17,471 Yuan / ton, an increase of 1,015 Yuan / ton from the previous month, up 36.7 percent year on year.

Prices of polyester chips, polyester staple fiber and polyester filament fell by 1,000 Yuan / ton, 880 Yuan / ton and 950 Yuan / ton, respectively, from the end of the previous month.

From January to May, cotton imports registered 1.37 million tons, an increase of 1.41 times year on year, the average import price was US $1739/ ton, up 36.4 percent year on year.

Fibre2fashion News Desk - China

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