Cotton/Chemical Fiber Industry Hailed Steady Investment Growth with material price fluctuating (01/10/2011)

Updated: 2011/1/10 11:06:00

From January to November, aggregated fixed-asset investment (over 5 million RMB) for cotton/chemical fiber processing industry totaled 85.1 billion RMB, rising by 21.9 percent year-on-year with growth velocity accelerating 10.61 percentage points compared with the whole year of 2009.

November 2010 has witnessed the severe fluctuation of cotton prices. Cotton Price Index surged to 31,300 RMB per ton on November 11 from 27,066 RMB per ton on November 1 and dropped back to 26,200 RMB per ton on November 30. Many measures have been undertaken to stabilize the output of cotton yarns. The growth of cotton yarn has drooped while chemical blended yarns have seen noticeable output increase.

According to the statistics from China´s National Bureau of Statistics, from January to November, yarn output has mounted up to 24.86 million tons, rising by 14.8 percent year-on-year. 2.47 million tons of yarn were produced, rising by 9.8 percent from last year and 2.9 percent from the previous month. Cotton yarn output in November rose by 6.2 percent year-on-year with growth velocity respectively drooping 5.6 and 1 percentage points compared with September and November.

Source: China Textile Leader

Authority in Charge: China National Textile and Apparel Council (CNTAC)

Sponsor :China Textile Information Center (CTIC)

ISSN 1003-3025 CN11-1714/TS