Ningbo Textile Industry Has A Difficult Time To Pick Up &Nbsp; Raw Materials Have Become The Biggest Obstacle.

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Overseas orders for enterprises have increased significantly.

However, due to

Wei Ke Xing

This year's production task has been fully booked. The export volume is expected to reach US $30 million, an increase of US $5 million over last year.

However, the rise in raw material prices has led to a decline in corporate profits.

Jin Bo, general manager of VICCO textile blanket, said that the price of the main raw material and acrylic fiber of the blankets was 15% higher than that of last year.

"It is difficult for us to digest the increase in costs."

Customs

Statistics show that the order of textile and garment enterprises in Ningbo this year is gratifying. In the first half of the year, textile and garment exports nearly 10 billion U.S. dollars, an increase of 1/4 over the same period last year, but at the same time, domestic enterprises' dependence on imported cotton increased significantly.

In June alone, the import of raw cotton reached 22 thousand tons, an increase of 21.8 times.

The import price rose sharply, the import price of textile yarn and other products increased by 60%, and the average import price of raw cotton increased by 28.6%.

The price of raw materials has risen sharply, but enterprises have not been able to raise prices for products. More and more enterprises are facing the dilemma of "protecting profits" or "protecting customers".

Because enterprises raise prices means losing customers, and the consequences of not raising prices are losses.