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The Rising Trend Of Cotton Is Hard To Change &Nbsp; Textile Enterprises Are Under Heavy Pressure.

2010/7/8 20:44:00 30

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Cotton prices continue to climb this year, and now there seems to be no "turn off" meaning, which makes the domestic cotton textile enterprises generally reflect the difficulties of buying cotton and pporting cotton.

The latest situation is that there are already some parts.

Cotton spinning enterprises

The industry went to Xinjiang to build factories, and signed a 7.2 yuan / kg guarantee with the local cotton growers.

Buy

Price, prepare for new cotton purchase priority.

Xu Wenying, vice president of China Textile Industry Association and President of China Cotton Textile Industry Association, said that cotton prices began to increase since last October and reached 14833 yuan / ton by the end of last year.

As of June 30th this year, the domestic 328 cotton spot index was 18309 yuan / ton, up 42.6% over the same period last year.

"At present

cotton

The upward trend is still continuing, and each ton has risen by more than 8000 yuan over the beginning of last year.

The rise in cotton prices is not scary. What worries cotton mills is whether they will have money or buy Cotton in the future.

There are at least three reasons for the rise in cotton prices: first, the surge in foreign orders this year stimulated the demand for cotton by textile companies, while domestic cotton production is decreasing.

Secondly, the decline of world cotton production has a direct impact on the import of cotton by domestic cotton textile enterprises.

It is understood that India has restricted exports because of its lack of cotton.

Finally, middlemen maliciously hoarded and drove up prices.

Because of the state's suppression of the property market, some hot money has been converted to cotton.

The continuous rise of cotton prices is likely to bring greater pressure to the cotton textile enterprises that have just slowed down.

In response, experts in the industry called on the departments concerned to adjust the sliding tax of cotton imports and unify the value-added tax from the purchase of cotton and the value-added tax, so as to solve the problem of "high tax and low deduction" of cotton value-added tax.