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China's national scale enterprises completed fabric output of 4.98909 billion meters in March of 2010, and 13.22906 billion meters in the first quarter, an increase of 17.64 percent year on year, according to the latest statistics from the statistics Center of China Textile Industry Association.
Textile enterprises should realize timely adjustments by making use of current situation
Of which, production of cotton fabrics reached 2.97139 billion meters in March 2010, a slight increase compared to 2.9223 billion meters in February.
National cotton production of scale enterprises fetched 7.82171 billion meters in the first quarter, up 34.03 percent year on year.
Textiles demand picked up from the second half of last year into the first quarter of this year, yarn and cloth production increased significantly, apparel production remained steady increase. At the same time, imbalance between supply and demand appeared, especially cotton supply has been tight this year. Cotton price continued to move higher all the way. In the coming months, the textile industry will enter traditional off-season period from May to August, production of cotton fabrics may relatively reduce.
In addition, the U.S. market has started to improve, but the European market is yet to resume, once the debt crisis in Europe spreads, it could aggravate the financial crisis. This short-lived recovery will disappear. Therefore, in the face of uncertain market outlook, textile enterprises should seize opportunities and realize timely adjustments by making good use of current situation.
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