China'S Textile Raw Material Prices Started Rising All The Way Last Year.
Investigations by foreign research institutions show that the price of textile raw materials and yarns (including synthetic and organic chemical raw materials) has risen by 44-65% from the end of last year to the beginning of this year. In all chemical fiber raw materials, the price of acrylic fiber has increased the largest, reaching 80%.
In addition, the current
silk
Prices have soared to their highest level in 15 years.
Cotton prices have surged nearly 70% since November 2008, but some have attributed the price surge to yarn businesses, saying they have squeezed production in recent years.
There is no denying that most of the raw materials of non cotton textiles are oil products, and the monopolistic petrochemical industry has strong pricing power.
For all monopolist, the pursuit of profit is the inevitable choice.
However, raw materials monopolist rarely realizes that the upstream of 2010
raw material
Soaring prices may lead to downstream textiles and clothing.
consumption
The market is weak while damaging the relevant manufacturing industries.
Some experts point out that the possibility of China's economy being dragged to the bottom of the valley is increasing due to the double squeezing of monopolistic prices of international raw materials and domestic materials.
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