Keqiao Textile Index Eases in Latest Week
[2008-12-23 17:03:34]
After last week??s autumn holiday, the main gauge of China??s Keqiao Textile Index drifted lower, as three of five components declined from the prior period.
The main index settled down -0.27 points to 96.98, matching a near-term low set in early September.
The raw material sub-index saw the largest decline from before the holiday and fell to a record low, down -1.33 points to 89.49, its first breach of 90.
After reaching a record high in early September, grey fabrics fell for the fourth time in five weeks this week, down -0.31 points to 102.26.
Home textiles rounded out the weekly decline by falling six of the last seven weeks.
The sub-index shed -0.12 points to 97.49, its lowest point since early July.
Gains in the apparel fabrics and accessories components partially offset these declines.
The apparel fabric sub-index rose 0.71 points to 100.29, but remains little changed over the last two months.
Accessories saw the biggest jump in a year, rising 1.75 points to 103.37, its highest point in five months.
Globecotnews
