At the China’s state cotton auction, all the cotton that was made available was sold out in an indicator of strong demand for the material. China sold 21,700 tonnes of cotton at an auction of state reserves on Tuesday, pushing the total amount sold in its latest rounds of auction now exceeding 1 million tonnes, far more than China sold all of last year.
According to industry analysts it indicates a shortage of high grade cotton in China’s textile sector.
The state reserve cotton was sold at an average price of 12,868 yuan ($1,937.54) per tonne, up from a price of 12,230 yuan at an auction last week, according to information published late on Tuesday on the China cotton industry website cncotton.com.
Despite this, global cotton prices remain subdued due to healthy US crop yields. Benchmark cotton future prices last settled at 64.66 cents per pound and have not recovered from steep price falls in 2010/2011 and again in 2014.
Wrangler has partnered with Avirex to introduce a new collection that brings together Western-inspired denim and aviation-led streetwear.
Outerknown is continuing to strengthen its approach to responsible denim with the launch of an updated Sea Jeans collection, focusing…
James Cropper has introduced the Vectis fiber technology platform to solve the challenge of achieving high fiber alignment in discontinuous…
Marks & Spencer and Pilio have launched the Affordable Clean Environment (ACE) cotton programme to support cotton farmers in India.
Circulose has joined the ecosystem of Spinnova to support the commercial scale-up of Spinnova’s fibre technology by supplying recycled raw…
AGY, JPS Composite Materials to manufacture low coefficient of thermal expansion (CTE) glass fibre fabric developed for advanced integrated circuit…