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US fibre costs dip, good news for textile mills, apparel makers

The absence of cotton and man-made fibre cost pressure is likely to continue for at least another year in the US, which is good news for textile mill and apparel manufacturers. Any new slippages in this sector’s cost inputs are hardly as impressive as those noted over the last year. This was the time when cotton and man-made tags dropped by more than 10 per cent and 3 per cent respectively.

However, even with modest increases in global demand there is no indication yet that these quotes will reverse course. At present, experts are calling for about a 3 per cent rise in world consumption of cotton, with a similar gain anticipated for key man-made constructions. Concentrating on man-mades, holds-the-price-line optimism based on a combination of two factors: a relatively unchanged petroleum feedstock costs and beyond ample capacity. These factors will almost certainly put a ceiling on any new price-boosting attempts.

Experts perceive the possibility of an overall dip in man-made fibre quotes over the next 12 months, albeit fractionally. The average annual man-made increase of less than 1 per cent has remained fairly under the country’s general inflation rate, over the past few decades.

 
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