Cotton yarn price declines further in China

January 2004
Indian Textile Journal;Jan2004, Vol. 114 Issue 4, p97
The article reports on the decline of cotton yarn prices in the first week of December 2003 in China, reflecting lower cotton costs and a continued depression in demand from yarn processors. Production of cotton textiles is also sharply down in Pakistan where weaving operations were substantially reduced. Averaged prices of cotton yarns declined between 300 and 500 yuan in the past week in China, after already sliding down in the previous weeks. This is not a dramatic decline but acceleration in price decrease was reported in the week. Demand for cotton yarns was once more very low in China. On the Southwest market, average price of carded 32$ fell from 23,000 yuan per ton down to 22,5000 yuan per ton.


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