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Cotton yarn demand slows down in hopes of lower prices
09 Nov '06
1 min read
Demand for cotton yarn and fabric has reduced drastically in past three weeks, as consumers are hoping to witness a significant drop in prices in near future, when they can grab major stocks.
Several traders registered around 30-40 percent drop in sales last month with mills stacking up unsold stocks.
This scenario has been prevailing as the domestic prices are persistently falling, especially the high-end yarns that witnessed a decline from 24,500 yuan in early October to around 23500 yuan per ton.
However, lower-count yarn prices seem to be slowly picking up and balancing.
Though polyester products have recorded steady sales, the cotton price deflation has noticeable gaining advantage.
Several traders registered around 30-40 percent drop in sales last month with mills stacking up unsold stocks.
This scenario has been prevailing as the domestic prices are persistently falling, especially the high-end yarns that witnessed a decline from 24,500 yuan in early October to around 23500 yuan per ton.
However, lower-count yarn prices seem to be slowly picking up and balancing.
Though polyester products have recorded steady sales, the cotton price deflation has noticeable gaining advantage.
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