9 Oct 2017
China Sourcing Update: Prices of Natural Textile Materials (Sep 2017)
1. Cotton price indices inch up in September
The price indices of cotton trended slightly upward in September. The CC Index 3128B, for example, rose to 15,995 on 29 September from 15,916 on 31 August (see exhibit 1).
In our view, the main reason for the increase in cotton prices in the month was a stronger restocking demand from downstream textile manufacturers.
Going forward, the domestic supply of cotton is expected to be abundant in the current autumn harvest season. Meanwhile, the downstream demand for cotton is likely to stay strong during the current high season. All in all, we expect cotton prices to stay high in the near future.
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