As is known to all, cashmere yarn is called “Soft Gold”and “Dimand Fiber”. However, why is the rare material mad at its price? Last month, the cashmere yarn in Bo Hai Commodity Exchange was sold with the lowest price 913 yuan per kilogram which it has been up to more than 1431 yuan per kilogram. The increasing rate is highly up to 56%.
In April and September, the cashmere yarn is on hot sale as well as the restoration of European and American economy so that cashmere is in large lack with price, accordingly, rising continuously.
According to report, China is the biggest country of cashmere raw material producer and exporter. In recent ten years, China has exported more than 160 thousand tons, which accounts for 75% in terms of the total outputs. Nowadays, over 90% cashmere raw material is produced in China so that China ranks top all over the world.