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Import prices for textile raw materials fall

31
Dec '08
Since the fourth quarter of this year, a down trend has been observed for the importing price of most of the textile raw materials.

During the week starting from December 17 to 26, importing price of cotton is still shrinking, stood with in the range of US $900 – $1,700 per ton; import from Tanzania witnessed a plunge by 4.2 percent compared to previous week and 14.3 percent against July 2008.

The price quoted from Mali reduced slightly at 1.3 percent against similar period in July this year.

Most of the big suppliers decreased their prices during the period, including the US at 2.4 percent for $1,603 per ton; India at 8.8 percent for $1,606 per ton; Switzerland at 6.7 percent for $1,584 per ton; Côte d'Ivoire at 7.7 percent for $1,586 per ton.

The price of Polyester yarn also lessened to stand at $1.2 – $1.95 per kg due to down trend in oil price in the world market.

The price from Taiwan plummeted by 7 percent against previous week and 35.9 percent against same period of July 2008 to stand at $1.27 per kg. From Thailand, prices were quoted at for $1.2 per kg showing a fall by 3.4 percent and 58 percent respectively; from Malaysia it went down by 23.9 percent compared to similar period in July, quoted at $1.24 per kg.

Regarding the price of fabric, the 100 percent cotton fabric imported from Pakistan stood at $0.93 per yard while it is $1.58 per yard from Korea.

The 100 percent Polyester fabric imported from Taiwan stood at $0.78 per yard and $0.91 per yard is quoted by Chinese suppliers.

The price of 94:6 polyester and elastane fabric imported from Thailand was quoted at $2.69 per meter, and $3.05 per meter from Taiwan.

Fibre2fashion News Desk - Vietnam


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