China's wool and cashmere market is seen as being steady in 2002 with supply slightly outstripping demand and purchasing prices remaining roughly at last year's levels.

They were the two key forecasts at a recent national wool meeting in Baotou City of north China's Inner Mongolia that was attended by scores of representatives of wool and cashmere companies throughout China.

Industry chiefs said they expect the total supply of cashmere to be 15,000 tons (including production, import and surplus carried over from 2001), with the total supply of wool seen at 450,000 tons.