Since last weekend, as domestic cotton textile market seemed to be dull, some grey fabric plants have declined offers and been active to sell goods.

Worrying about decreasing prices, some plants reduced offers by 0.50yuan/m. Currently the prices of JC60S×JC60S 90×88 64" 1/1 fine cloth (true selvedge) produced in Shanxi and Jiangsu decline from 11.00yuan/m to 10.50yuan/m, JC80S×80S 90×88 64" 1/1 fine cloth (rough selvedge) decline from 12.00yuan/m to 11.50yuan/m. In Liaoning, Shandong and Sichuan, some offers are even lower.

As the hiking prices in cotton textile market were mainly caused by the speculative funds, some persons think downward trend is possible to come.

$1=CNY6.63

source:CCFGroup.com