Cotton Prices Continue To Rise By &Nbsp, And The Profit From Previous Orders Shrinks.

In May this year, the price of cotton purchased by Jining textile enterprises has reached more than 17000 yuan per ton. Since the beginning of this year, the purchasing price of cotton has risen by about 2300 yuan / ton, and the annual increase has been as high as 15%. Hundreds of textile and garment export enterprises in Jining have been affected to varying degrees, and the pressure has increased.

"This round of raw materials prices suddenly came, the previous orders are bound to lose money, but we have to do it." Lee manager of Jining silk clothing company told reporters that their company mainly focused on garment processing, and signed a lot of lists before. But unexpectedly, the price of raw materials has gone up so much that they can only do their best now. "Because the time of delivery is about 2-3 months at the time of the contract, and now the cost is up by 10%. We can only reduce orders and reduce production, otherwise the company will lose more. The next step is whether to raise the price depends on whether the market can accept it. Manager Li said.

"Cotton prices and cotton yarn prices have risen one day, and cotton prices have risen." Shandong Ruyi group responsible person said that China's cotton and textile industry at any time there is a sharp decline. If the price of terminal products on the market can not continue to rise, cotton enterprises will face a higher cost of raw materials and relatively low price of product sales and business difficulties.

"At present, the export statistics show that the export volume of Jining's textile and garment industry is still increasing due to the early signing of orders. It is expected that the impact will only be apparent after three or four months, and the export pressure of these enterprises is enormous." The relevant responsible person of Jining entry exit inspection and Quarantine Bureau said that textile and garment enterprises should continuously improve their ability of independent innovation and brand awareness, increase the added value of products, and realize the transformation of the economic development mode of the textile industry, so that enterprises can seek larger development space under the background of increasing cotton prices and increasing competition, and effectively enhance their ability to resist market risks.