High Raw Material Prices Risk to Textile Production
Updated: 7/12/2010 9:36:00 AM
Raw Material Prices UpswingAn unrelenting rise in the cost of raw materials is eroding the margin of China textile companies. One glaring example is the consistent price upsurge of cotton. On June 2, 2010, China Cotton Index for 328-grade cotton reached CNY 17,591 per ton, rising by 37.1% from the av…
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