The Chinese cotton yarn mark is in a stage of comatose, as it enters the traditional off-season period.
Downstream yarn consuming companies are turning even more negative towards procurement of raw materials.
Despite spinners reducing prices by around 200 Yuan / ton last week, the move has not been able to stimulate yarn buyers, as order positions did not improve.
Chinese spinners have been hit by low-priced imports, due to the vast difference of 1,500-2,000 Yuan per ton between domestic and imported cotton yarn.
Only those spinners who have cotton import quotas are able to withstand competition from imported yarn, while the rest are facing a daunting task.
Fibre2fashion News Desk - China
| On 26th Jul 2021
Vietnam Railways (VNR) has added a new rail freight link from Vietnam ...
The United Kingdom recently launched a consultation on new trading...
Australian wool exports are expected to grow in the current season...
Next level is to inject new features:
National Institute of Fashion Technology
Campus placements are low due to lockdowns
Main challenges are breakdown of supply chain and shrinkage of manpower
Founded by Jimmy Lai, Giordano International Ltd, a Hong Kong based...
Adaptive Control automates, controls and monitors machines, systems and...
Dhirubhai & Arvind Shah
It supplies synthetic fabrics to top international brands like M&S,...
Pranesh Sridharan & Berndt Koll
The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...
Wearable Technology Lab, University of Minnesota
A new study led by researchers at the University of Minnesota's Design of...
INDA, a global association of the nonwoven fabrics industry, has been...
Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...
Label Seema Gujral
<b>Seema Gujral</b>'s designs for her eponymous label revolve around...
Vidur Adlakha & Riccardo Bennidini
With an active presence in US, Italy and India, clothing brand La Fuori...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.