TITLE

Prices for fabric from China likely to increase

AUTHOR(S)
Andrews, Susan M.
PUB. DATE
October 2006
SOURCE
Furniture/Today;10/16/2006, Vol. 31 Issue 7, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
22826815

 

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