Because Cotton Prices Are Too High, Spinning Mills Around The World Turn To Polyester.
Because cotton prices are too high, all over the world
Spinning mill
Begin to reduce the amount of natural fiber and switch to cheaper prices.
On Monday, the international cotton advisory committee reported that cotton prices rose more than polyester in recent months.
Spinning enterprise
Abandoning some cotton, this trend is good for polyester.
The proportion of cotton in global fiber consumption in 2009 is about 36.5%, and the proportion in 2010 and 2011 may continue to decline.
Due to higher prices and limited supply, global cotton consumption is expected to stabilize at 24 million 600 thousand tons in 2011-11 years, although global economic growth is expected to be strong.
In addition, international prices also increased sharply from the beginning of the year, resulting from tight supply.
The price of the Cotlook A index (reflecting the average price of 5 cheapest cotton prices in the Far East port) was 120 cents / lb (0.5 kg) in the month of -11 in August this year, almost two times the average price of the same period last year.
This price is much higher than the current price of 95 cents / pound forecast by ICAC.
The Cotlook A index is widely used as reference price in world market pactions. ICAC predicts that global cotton output will increase to 25 million tons in 2010-11 years, up from 21 million 800 thousand tons last year.
- Related reading
Cotton Planting Area Will Increase By &Nbsp Next Year; Cotton Prices Will Fall Out Of Foam.
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