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Cotton yarn prices continue decline
23
May '11
In the past week, pure cotton yarn market trends were unable to pick up, as prices continued to fall.

Currently cotton yarn companies face a lot of pressures in production and marketing. More and more mills join the ranks that have shut down production due to stock pressure. This phenomenon has gradually spread from small enterprises to medium-sized enterprises.

Some manufacturers have shifted production to polyester / cotton yarn as they see great volatility and risk in cotton yarn prices, because price of polyester raw material is relatively stable.

Currently mainstream trading price of C32S is 33000-34000 Yuan / ton; the lower price is about 32,000 Yuan / ton.

In the week under consideration, cotton prices slowed down their decline in the just past week, but market prices fell further.

Fibre2fashion News Desk - China

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