Home / Knowledge / News / Textiles / Cotton market stable, but reality is different
Cotton market stable, but reality is different
16
Mar '11
According to a report from China Cotton Association, market looks stable but the reality is different. At present, price of better micronaire cotton is steady at 32,500 Yuan / ton while price of lower micronaire is around 32,000 Yuan / ton.

Inland cotton is traded above 30,000 Yuan / ton. These are officially quoted figures but most of the deals take place at negotiated prices which can be less than the officially quoted figures.

In China, cotton yarn market faces hard time, because of slow sale and piling stocks. Even after the Spring Festival, the market has shown no signs of recovery. As a result, textile enterprises have started to reduce ex-factory prices to clear the stocks.

On March 14, Chinese cotton price index (CCIndex328) was 31098 Yuan / ton, down 10 Yuan from the previous closing but 998 Yuan / ton higher than Zhengzhou March contract.

On March 14, China's import cotton price index (FC Index M) was 232.73 cents / lb up 2.64 cents from the previous level. Current import cost based on 1 percent tariff is 7,665 Yuan / ton, higher than China's domestic spot price index (CCIndex328).

At one percent tariff calculation, import cost will be 38,763 Yuan / ton and 39,026 Yuan / ton on sliding tariff.

According to a survey of textile enterprises conducted in February, raw material inventory of textile factories reduced in the month. Though use of imported cotton and Xinjiang cotton increased, cotton consumption of enterprises declined and stocks of yarns and fabrics increased.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Karan Toshniwal
Orange O Tec

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

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Silke Brand-Kirsch
Schlegel und Partner

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search