15 Feb 2018
China Sourcing Update: Prices of Natural Textile Materials (Jan 2018)
Prices of Natural Textile Materials
1. Cotton price indices go up in January
The price indices of cotton edged down in early January and rose afterwards. The CC Index 3128B, for example, declined from 15,699 on 29 December 2017 to 15,665 on 5 January 2018, and then went up to 15,715 on 31 January 2018.
In our view, the main reason for the increase in cotton prices in the month was an improved restocking demand from downstream textile manufacturers before the Chinese New Year holiday in mid-February.
Looking ahead, we expect that cotton prices will hover around the current levels in February, as there will be little activity in the domestic cotton market around and during the Chinese New Year holiday.
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