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China : Real silk’s pricing dictates tie units of Chengzhou |
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2006-10-13
Even though the real silk price has dropped from RMB360 thousand a ton to RMB210 thousand a ton, the tie units in Chengzhou city are still controlled by real silk’s price.
Real silk is a major stuff of real silk ties.
Chengzhou city is one of the most important tie producing bases in China, but local silk supply is still not enough to control the real silk’s price in domestic markets.
Real silk’s varying price affects local silk tie pricing.
Most tie units do not wish to stockpile the real silk, even though the current real silk’s price has dropped excessively.
Experts reveal that real silk price often fluctuates rapidly. |
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| Fibre2fashion News Desk - China | |
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