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2010-10-22
Recently, the rising prices of cotton grey fabric slow down and suppliers are more active in selling goods.
As prices in cotton textile market are at high level in history, downstream plants are cautious receiving orders with heavy wait-and-see atmosphere, which obviously restrains the demand of grey fabric.
Worrying about high-priced risks, manufactures have less interest to continue to pick up offers and some plants have inventory of spots gradually. Currently the offers of combed cotton fine cloth JC60S×JC60S 90×88 64" 1/1 (true selvedge) are at 8.80yuan/m while the higher transaction prices are 8.40-8.50yuan/m, much lower than offers.
$1=CNY6.68
source:CCFGroup.com
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