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Nanjing Wool Market Conference – Qingdao China

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The 27th International Wool Trade Fair & Information Conference was held in Qingdao China in September. Nanjing Wool Market hosted over 400 representatives from 26 countries at the three-day conference.

 

Nanjing Wool Market Conference is an annual meeting of the global wool industry that facilitates discussion on current industry issues, future developments, and new market opportunities. Participants include growers, traders, primary processors, spinners, weavers and garment manufacturers, together with organizations involved in the wool related pipeline.

 

Demand for wool in China has been patchy and uncertain however Madam Yang, Chairwoman of NWM/SDIC commented that there is very strong demand for double facing fabrics particularly for women’s coats. She also commented that demand for merino fleece is flat and acknowledged the fluctuation in prices, both up and down are as confusing to those in China as they are internationally. She also referred to the volatility in the Chinese stock market.

 

Presentations were made to the conference in relation to policy and environmental issues by Chinese and international delegates. New Zealand/China Joint Working Group on Wool was launched at this Conference. Chris Wilcox Chairman Market Intelligence Committee IWTO presented latest production forecasts from major wool producing countries and outlined expected demand for 2016. Discussions were held regarding innovation and quality. Jimmy Jackson General manager Product Development, The Woolmark Company invited Chinese wool manufacturers to work with them to develop new and innovative ideas to boost demand and interest in woollen garments.

 

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