Cashmere Fibres International

CASHMERE CHINA / MONGOLIA Prices continue to increase since availability of the new clip to a point where even the Chinese manufacturers struggle to pass on replacement levels.  There has been little or no activity over the summer months but prices show no sign of weakening.  Available quantity of greasy has been drastically reduced – [...]

CASHMERE Prices have continued rising during the first quarter mainly as a result of domestic demand in China which has also overspilt to greasy markets in Mongolia, Afghanistan and Iran. CHINA Very little good quality material remaining from last season.  The new clip is not yet available but will start with coarser Liaoning quality next [...]

CASHMERE CHINA Following the dramatic dip in greasy prices in 2008/9 many goats were slaughtered due to cost of winter fuel to comply with government grazing restrictions.  Combined with animal fatalities during 2009/10 severe winter, the 2010 clip is much lower than anticipated (down 50% in many areas).  Strong domestic retail sales have pushed up [...]

CASHMERE CHINA Since the Chinese government announced last November to support cashmere raw material prices from the new clip we have seen frantic activity both in the domestic and international markets to buy up existing stocks, which has resulted in price increase of 15-20%, with limited availability of good quality White for White types. Some [...]

CHINESE CASHMERE  We have just received the following information from our Chinese office:  The Chinese government have announced a financial incentive to support cashmere raw material prices for next season’s clip.  They have agreed to make an interest-free loan to the following companies to purchase the following quantities of greasy cashmere :-  ERDOS                          3000 [...]

CHINA Prices increased over the summer months mainly due to domestic demand.  Now that the domestic season has finished prices have leveled off, slightly below last year’s level.  The Chinese clip is now estimated at 10-12 million kgs greasy per year and availability is generally good.  However fibre diameter is increasing due to cross breeding [...]

CASHMERE The year started with Chinese and Mongolian greasy prices falling as expected in view of the world economic situation.  Mongolian prices then fell even further in April as a result of the Mongolian Tugrig falling by 50% against the US dollar, almost overnight.  Chinese new clip prices eased slightly but Afghan/Iranian prices remained firm. [...]

CASHMERE CHINESE New clip opened high as no stock left from last year. White for White priced over US$100. Big Chinese manufacturers are waiting as prices are too high for sweater export prices which are unchanged from last year. Export rebates for yarn and sweaters are expected to reduce 2% to 9% and 11% and [...]

CASHMERE MONGOLIA The main changes recently are in Mongolia where the General Director of Buyan Cashmere Sweater Company has been appointed Minister for Trade and Industry. He has successfully tightened border controls with China and, for the time being, prevented the smuggling out of the country of greasy and scoured cashmere. After an initial increase [...]

CASHMERE CHINA – Quantity of new clip is down 15-20% due to grazing restriction and herdsmen switching to sheep farming mainly for meat as spring lambs can be sold the same autumn/winter. They must wait 2 years to harvest 1st cashmere clip from goats requiring expensive winter feed. Prices increased during last month due to [...]