Home breadcru News breadcru Textile Market Trends breadcru Cashmere price trend warms up in Sept

Cashmere price trend warms up in Sept

11 Sep '07
1 min read

According to the current supply-demand ratio in domestic market, cashmere price in September will remain relatively stable but dehair price may slightly move upward.

Currently, natural cashmere stock with the herdsmen is abundant and oversupply situation has not changed. However, with the inflation in meat price, herdsmen are still unwilling to lower sales price of natural cashmere. Therefore, the acquisition cost of traders will not decline and dehair price for the month has minimal possibility of sliding any further.

With the cold weather arriving, demand for cashmere products has increased and spinning industry has raised its demand for raw cashmere. In short term, demand in dehair market will be enlarged to give a support to upbeat price trend.

Erdos Group continues to acquire large quantity of dehair. Now, the purchasing price for 36mm ordinary white cashmere is at 700,000 yuan per ton (including tax), to a certain extent, it also provides some support to dehair price in September.

Fibre2fashion, News Desk - China

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!