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Industry News | Time: Jun 23 2017 3:22PM
[2017 China Yarn & Fabric Summit (The 6th Imported Yarn Forum)]Towel sales/production status and yarn consumption tendency
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Mr. Liu Kunpeng, Vice President of Xinjiang Ruyi Textile & Garment Co., Ltd. delivers his report of Towel sales/production status and yarn consumption tendency

Mr. Liu divides his report into 5 parts.

1. Brief introduction of Shihezi, Xinjiang and Xinjiang Ruyi. Shihezi is a critical hub city in 鈥淪ilk Road鈥 economic belt core area. Shihezi is an important window for the opening up of Xinjiang?Uygur?Autonomous Region and XPCC. Shandong Ruyi acquired Xinjiang Tiansheng Industry Co., Ltd. in May 2015, to set up Xinjiang Ruyi Textile and Garment Co., Ltd. Various products have been sold to U.S., Europe, Japan and other countries in the past 2 years.

2. Towel characteristics and requirement for yarn quality. First, introduce towel products, process of towel production, towel classification by technology. Second, he talks about basic requirement for yarn, including yarn strength, yarn quality and yarn hairiness.

3. Towel sales/production status. China is top one towel exporter worldwide as the export volume occupies more than 40% of world鈥檚 total, followed by India, Pakistan, Turkey, Portugal and Vietnam. The growth in India is significant in recent three years.

4. Consumption tendency change of yarn for towel. Features are as below: 1. Cotton yarn still dominates.
2. It鈥檚 difficult for regenerated fiber and chemical fiber to break through. 3. Low twist yarn will be widely used. 4. High-count yarn will be accepted. 5. Functional yarn and fancy yarn are popularizing.

5. Future development orientation for towel of Xinjiang Ruyi

[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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