China’s net fabric prices (FOB) are increasing, as per a recent report published by Index Box.
The report shows that, in June 2023, the net fabric price amounted to US $ 6,699 per tonnene, increasing by 7.5 per cent against the previous month.
The export price, however, saw a slight descent. The pace of growth was the most pronounced in February 2023 with an increase of 31 per cent against the previous month. As a result, the export price reached the peak level of US $ 9,283 per tonne.
From March 2023 to June 2023, the average export prices remained at a lower figure. There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Saudi Arabia (US $ 17,952 per tonne), while the average price for exports to Mexico (US $ 3,425 per tonne) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+2.4 per cent), while the prices for the other major destinations experienced more modest paces of growth.
