Cotton Prices Rise Chaotianmen Clothing Reluctantly Follow Suit

"The purchase price is high and the selling price can only go up."

Yesterday, reporters learned from the wholesale clothing market in Chaotianmen, cotton prices continue to rise, the cotton wholesale T-shirts, cotton clothing and bedding products wholesale prices have been raised, due to the sharp decline in sales, traders this year reduced the volume of purchase.

"The price is too high and the business is bad."

Liu Ting, the boss, told reporters that like cotton air conditioners, they sold 40~50 beds a day at this time of the year. Now they can not sell one or two beds in half a day. Now a high-grade air-conditioner is sold at wholesale price of 60~70 yuan, which is at least 15 yuan / bed more than that of last year.

In addition, the wholesale price of pillows is 10~20 yuan more than last year.

"We don't dare to buy more now. It's good to have the stock sold out."

Fu Jun, who has done seven or eight years of clothing business in the wholesale market in Chaotianmen, introduces that the main wholesale business is the medium and low grade pure cotton T-shirt. Now the price has risen to 70~80 yuan / piece, which is 20 yuan higher than in previous years.

Fu Jun said that in July, cotton t-shirts sold at least 1000 pieces a day in the past year, and now only sell 300~400 pieces a day, and sales have dropped by more than half.

"Since May, cotton prices have risen to 19000 yuan / ton."

The head of Cotton Corp's production department said that due to the continuous rainy weather in the first half of the year, the growth of cotton will be greatly affected. It is estimated that this year's cotton production will not only be cut down, but also the time for listing will be postponed for one month.

According to data from China cotton information network, the highest price of cotton in July 15th last year was 14170 yuan / ton, up to now, cotton prices rose by nearly 40% over the same period last year.