Spinning sector doubt lasting recovery in cotton industry
03 Jan '07
1 min read
Cotton industry seemed to have recovered in past few months. However, after struggling through tough several years, spinning sector is cautious not to flow with their emotions and deal smartly.
Spinning traders are restricting themselves to basic required quantity of stocks and sealing off transactions at safest levels.
During the past weeks, revenue has been lead by cotton price of around 60 cents Central Issue Prices (CIP).
In the absence of Greek and Syrian product, Factories need supplies for the January-March 2007 period. Businessmen seem hesitant to pay the 62 to 63 cents required for Central Asian or West African style imports.
marketing@alchempro.com
