China Fabric Market Daily (20 July 2009)
Source: news.alibaba.com Date: 2009-07-24
In China Textile City, the trading volume of fabrics dropped to 4.07mln meters (chemical fiber fabrics 2.6mln meters and cotton fabrics 1.47mln meters).
Compared with last week, the sales of fabrics did not improve today. Enquires from customers were still thick. Some producer in Shandong cut its stocked yarn-dyed denim prices by about 30%, but still could not attract buyers; now the inventory was around 30-50km.
A few distributors reflected that they received some orders from customers, but some their bidding levels were too low that they would not accept; on the other hand, if the customers agreed to revise the components, accepting lower prices was possible for them.
