Prices for fabric from China likely to increase

Andrews, Susan M.
October 2006
Furniture/Today;10/16/2006, Vol. 31 Issue 7, p4
Trade Publication
The author reports price increase in imported fabric from china in the United States market. Most upholstery fabric suppliers are expecting a price increase of 2% to 10% by December or early 2007. The price increase can be attributed to reduction in China's VAT rebate from 13% to 11%, and rising raw material costs of oil-based synthetics and raw silk. Chinese-owned American Decorative Fabrics president Jack Cobb stated that they had a 25-cent price increase per yard.


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