Canvas Has Brilliant Offtake And Firm Price-Grey Fabric Morning Express (Sep 3, 2010)

Under the influence of textile slack season, recently, sales of grey fabric slow down. However, some thick grey fabric sells well, especially canvas, which has brilliant offtake and firm price.

Currently, textile mills in Hubei, Hunan, Shannxi and Hebei pay an emphasis on canvas production, with cargoes from some mills of tight supply. Its price continues to edge up. For now, mainstream price of canvas C21S/2×10S 72×40 63" 1/1 is at 11.80-12.30yuan/m, with some lower at 10.80-11.00yuan/m while ruling price of fine canvas C32S/2×16S 94×48 63" 1/1 is at 11.50-12.00yuan/m, with some lower at 10.50yuan/m. Price disparity is big due to different quality and yarn adopted. Price of argoes from Hubei and Hebei are relatively low and those from Henan and Shanxi are higher.

Market insiders hold that, recently, under the influence of upgrade in industry and earning condition, high-count high-density grey fabrics dominate textile mills' production, with medium-low count grey fabrics that consume more yarn diminishing notably. Seasonal demand tightens supply/demand position and drives canvas price up. Price of fine canvas (rapier) C38S/2×38S/2 103×56 63" 1/1 has surged from 8.20yuan/m last year to 13.00yuan/m this year.