Yarn Mills’ Low Profit in February

By CnAgri2013-03-06 10:39:34 Print Cotton price averaged RMB19,290/MT in February, up 0.13% over the month before. Cotton yarn price was RMB27,250/MT (40-count) and RMB26,317/MT (32-count), parallel to the month before.
 
Taking into account of the cost of energy, labor and shipment and deducting cotton cost, the cost of yarn production was RMB5,874/MT in January, suggesting a low profit of RMB90/MT and a low profit rate of 0.34%.

   

From “China Cotton Bi-Weekly Market Report”