Home / Knowledge / News / Textiles / Wool imports touch record highs in 2010
Wool imports touch record highs in 2010
06
Aug '10
After the gradual recovery of wool prices in the second half of 2009, Nanjing Wool Market Price Composite Index has been steadily rising and was on higher level in the first half of 2010.

In May and June, volatility of exchange rate in international financial market lowered domestic Australian wool price, but the market soon picked up with the appreciation of Australian dollar.

The average price of Nanjing Wool Market Price Composite Index was 57.37 Yuan / kg in the first half, an increase of 13.21 Yuan / kg or 29.9 percent over the same period of 2009.

China imported 155,000 tons of wool in the first five months of 2010, up 15.24 percent year on year, of which, 124,700 tons were raw wool imports, up 12.66 percent year on year; 22,000 tons were washed wool imports, up 35.16 percent year on year; 6942 tons were tops.

Total wool imports of the year represent the largest import volume over the same period in last decade.

As prices of imported wool rose in the first half, domestic wool price has also been pushed higher. Purchase price of wool has significantly increased in 2010.

The average price of fine wool has increased by 4-8 Yuan per kilogram. Similarly, prices of cashmere, rabbit hair, mohair, alpaca and other such fibers have sharply increased, especially purchase price of cashmere, which has even doubled in some areas.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 26th Jun 2017

US initiates probe into PSF imported from 5 nations

The department of commerce of the US has initiated investigations for ...

Textiles | On 26th Jun 2017

USTR announces AGOA review for Rwanda, Tanzania & Uganda

The office of the US trade representative (USTR) has announced the...

Textiles | On 26th Jun 2017

Braskem invests in polypropylene production facility in US

The Board of Directors of Braskem, one of the largest producer of...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Hannah Lane
Redress

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

Marcel Alberts
Eurofibers

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Sanjukta Dutta
Sanjukta's Studio

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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:
July 2017

July 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