Home / Knowledge / News / Textiles / Wool price oscillates in April
Wool price oscillates in April
19
May '08
Last month, the price of wool remained high, as a result the demand for it in domestic as well as overseas market reduced to quite an extant. With such high rates, the enterprises were in dilemma and hesitated to make shipments to foreign traders due to RMB appreciation.

In the whole month of April, the average Composite Price Index (CPI) of Nanjing Wool Market was around 61.55 yuan per kilogram, down nearly 0.50 yuan per kilogram. Previous month, the rate was settled at approximately 62.02 yuan per kilogram, a slight drop of 0.75 percent.

Market composite index continued to show modest trend in April. In the first week, market Composite Price Index climbed slightly from the level of the previous month to 61.98 yuan per kilogram, the highest point for April. In second and the third week, with sluggish demand, the market pulled back slightly.

By the end of the third week, composite index fell to 61.25 yuan per kilogram, the lowest price in the entire month. In the last week, affected by Renminbi appreciation, market Price Index rebounded to 61.38 yuan per kilogram. However, by the end of April, the price fell 0.60 yuan per kilogram or 1 percent from the price in the early month.

At present, the Composite Price Index for April is nearly 61.55 yuan per kilogram a decline of 2.37 percent from January Index, which was around 63.05 yuan per kilogram. But 2.58 or 4.37 percent higher than the average price of 58.97 yuan per kilogram when compared to April 2007.

Fibre2fashion News Desk - China


Must ReadView All

New US alliance to promote postal package delivery service

Textiles | On 15th Aug 2018

New US alliance to promote postal package delivery service

A group of US retailing, e-commerce and logistics firms recently...

Courtesy: Industriall Union

Apparel/Garments | On 15th Aug 2018

IndustriALL-Esprit agreement to improve workers' rights

IndustriALL Global Union recently signed a global framework agreement ...

Indian minister orders fresh consultations on e-com policy

Textiles | On 15th Aug 2018

Indian minister orders fresh consultations on e-com policy

Indian commerce and industry minister Suresh Prabhu has asked for...

Interviews View All

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search