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Due to the low temperature, rainy and snowy weather in Xinjiang, there is strong expectation on the market about lower Xinjiang cotton production in 2023/24 season. ZCE cotton futures market is firm, and price spread between Chinese and international cotton narrows, giving space to imported cotton g
In 2021, China accounted for 15.4 per cent of US apparel imports. Of this, nearly one-third constituted non-cotton apparel items. US fashion companies imported 2,662m SME more clothing from China in 2021 than a year ago. However, the newly enforced Uyghur Forced Labor Presentation Act will change ma
From Jul 5 to Nov 30, total volumes offered for sales were 1.5428 million tons, and the volumes sold were 1.2032 million tons, with a trading proportion of 78%. Xinjiang cotton was basically fully transacted every trading day, while the volumes reduced gradually. Total volumes of reserved Xinjiang c
With most Indian cotton now being exported to China, prices of yarn and thread have shot up for domestic traders. Yarn prices in Noida increased 70 to 80 per cent, leading to an increased cost of production. With neighboring countries like Bangladesh exporting garments at cheaper rates, losses have
