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Clothing markets struggle against raw material price-hike

22
May '06
Dealers of clothing supplementary are under stress as prices of raw materials are increasing quickly.

An industry insider said that if the price continues to shoot up, some enterprises would be forced to shutter down.

Price of copper was about RMB2 thousand per ton, but now, the copper price is about RMB 60 thousand per ton.

The price-hike of other hardware raw materials is also surprising.

As a result, many clothing hardware supplementary enterprises have begun to reduce their output.

If this price-hike persists, some clothing supplementary enterprises are planning to set up a chamber of commerce. However, some experts pointed out that it was the key to increase the products' quality and grade.

Fibre2fashion News Desk - China


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