Textile industry added-value of the first three quarters has increased by 8.4%, which is 0.2% faster than that of 2008. Exportation value has decreased by 5.9%, which is 1.9% lower than the first half year.

Cotton price has slightly increased in the third quarter. Domestic cotton price index (Grade 328) remains rising during the first three quarters of 2009. August has seen slight cotton price drop. September then saw cotton price increase to 13,147 RMB per ton, increased by 136 RMB per ton as compared to August. Meanwhile, the price of polyester chips, polyester staple fiber and polyester filament all have dropped to about 700 to 975 RMB per ton.

Overall profit of textile industry (including chemical fiber industry ) has reached up to 83.1 billion RMB from January to August, increased by 12.7% year-on-year.

Source: China Textile Leader