China Cotton Market and Textile Industry Updates
CNCotton recently released reports regarding current the China cotton market and textile industry. We have summarized and translated it for your information.
According to the report, the price of cotton has steadily increased and yarn mills are somewhat unaffected due to large amounts of orders combined with increasing prices, while fabric mills have been negatively impacted. Textiles compared with other manufacturing industries and apparels compared with other industrial goods are growing at slower rates. At the same time, costs for raw materials are increasing. Exports have rebounded but analysts caution that due to a low base effect data appears inflated. Growth will not be as strong in the second half of the year; global economic recovery, unemployment in developed countries, and domestic demand are some of the factors that will affect the future growth of China textile industry. Please see attached report for complete details.