< p > > the second China a target= "_blank" href= "//m.pmae.cn/" > textile < /a > a target= "_blank" href= "_blank" > garment industry development forum will be held in Wuxi in April 28th. This event is hosted by the red bean group and the China textile material trading center.

During the conference, China's textile material price index will be released.

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< p > it is understood that China's textile price index is an important indicator reflecting the market price changes of Chinese textile industry and the development trend of the industry.

The index is mainly composed of cotton yarn price index and chemical fiber price index, reflecting the fluctuation of the overall market of the textile industry.

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< p > because of a wide variety of textiles and a high degree of correlation between price trends, cotton yarns and chemical fibers occupy a major share in the industry, and their price index can better reflect the price trend of the whole industry.

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< p > index was traced back to January 1, 2011. In order to ensure the timeliness of the index, the index was released weekly and was defined as 100 in January 1, 2013.

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< p > at present, the red bean group takes the national market as the sample, takes its electronic trading platform as the basis, and takes China's textile fabric price index as the breakthrough point to create China's textile price index system, aiming at directly understanding the whole domestic market situation through the index platform.

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