;
Home / Knowledge / News / Textiles / July contract rates for cotton slide
July contract rates for cotton slide
19
Jul '08
In June 2008, average landed mill price of standard-class cotton was between 13,943-13,946 yuan per ton, up 35 yuan or 0.3 percent from the previous month.

Meanwhile, price of July contract in national cotton trade market was around 14,220-14,222 yuan per ton, down 184 yuan or 1.3 percent from that in June. July cotton futures contract in Zhengzhou Cotton Exchange was 13,761 yuan per ton, registering a drop of 417 yuan or 2.9 percent from the previous month.

Affected by tense capital, textile enterprises are squeezing out the raw material inventories, and have adopted the hand-to-mouth buying system.

According to the survey, by end of June, average lint sales rate of cotton enterprises was 81.3 percent, sliding over 9 percentage points, and average lint sales rate of Xinjiang supply and market cooperative system was 77 percent, marking a plunge of 11.1 percentage points from the same time last year.

Reportedly, from September last year to June 2008, the Urumqi Railway Bureau shipped out 2.33 million tons of Xinjiang cotton in total, representing a year-on-year fall of 175,000 tons.

Based on statistics from Xinjiang Autonomous Region, by the end of June, Xinjiang still had around 600,000 tons of cotton stocks, only 200,000 tons less than that by the end of May.

In late June, the state announced a support policy for cotton distribution from Xinjiang, where the state would provide 400 yuan per ton as freight subsidies for region's cotton to be shipped out.

According to customs statistics, China imported 211,000 tons of cotton in June, a year-on-year decrease of 41,000 tons or 16.4 percent, registering a dip of 29,000 tons or 12.1 percent from the previous month.

From January to June this year, China's total cotton imports reached 1.242 million tons, a surge of 65,000 tons or 5.5 percent from the same period last year.

From September last year to June this year, total cotton imports registered 2.04 million tons, a hike of 248,000 tons or 13.9 percent from a year earlier.

Fibre2fashion News Desk - China


Must ReadView All

Textile-garment park inaugurated in Ethiopia's Jimma

Textiles | On 15th Dec 2018

Textile-garment park inaugurated in Ethiopia's Jimma

President Omar al-Bashir of Sudan, President Ismail Omar of Djibouti...

Some trying to create unrest over wages: Bangla minister

Textiles | On 15th Dec 2018

Some trying to create unrest over wages: Bangla minister

Some people are trying to create unrest in Bangladesh over the...

Condition of Cambodian garment workers improves: ILO

Apparel/Garments | On 15th Dec 2018

Condition of Cambodian garment workers improves: ILO

Cambodia has seen remarkable improvements in labour standards in the...

Interviews View All

Manfred Mentges, Sedo Treepoint GmbH

Manfred Mentges
Sedo Treepoint GmbH

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

Jurgen Gauger, Spreadshirt

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Siddharth Biyani, Mangalam Industries Pvt Ltd

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Apurva Kothari,

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Carmen Silla,

Carmen Silla

Leading the transformation of the textiles industry with disruptive...

Paolo Crespi,

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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


December 2018

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

news category


Related Categories:

Advanced Search