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Cotton Prices In Shandong Have Gone Up &Nbsp; Textile And Garment Enterprises Are Facing A Marked Price Pressure.

2010/8/17 10:10:00 35

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According to Qingdao customs statistics, as at the end of July, 739 thousand tons of cotton imported from Shandong port were worth 1 billion 310 million US dollars, up 65.1% and 1.3 times respectively compared with the same period last year. The average price of imports was 1776 US dollars per ton, up 39%.

cotton

Import volume and price rise all the way, especially the import average price rises all the way, and the price pressure of downstream textile and garment enterprises is highlighting.

The average monthly import import price of cotton at Shandong port has gone up all the way since reaching 1717 US dollars / ton in January this year. Following the breakthrough of 1800 US dollars per ton in June, the average import price in July rose to a record high, reaching 1912 US dollars / ton, up 44.1% compared with the same period last year, rising 3.5% over the same period, and once again refreshed the highest record since January 2003.

From the Shandong survey team of the National Bureau of statistics, cotton prices have been on the rise since the end of last year, and cotton price recovery has risen sharply, up 37% in the first half of this year.

People predict cotton

Price

Strength is hard to change.

Judging from the current situation, cotton supply and demand will be tight this year.

A survey shows that in 2010, the cotton planting area in Shandong decreased by about 5%, and the planting area of other cotton producing provinces also decreased. In addition, the cotton production decreased greatly in 2009, and the supply of cotton could not be effectively increased.

In terms of consumption, the textile industry has gradually gone out of the trough, and the growth momentum is good. In the first half of the year, the domestic textile industry spun up 16.9% over the same period last year, and the demand for cotton is gradually increasing, and the imbalance between supply and demand has intensified.

At the same time, international cotton

Stock

The volume has declined to the lowest level in 6 years, and the quantity of imported cotton is limited.

According to the prediction of relevant departments, there is still a demand gap of about 1 million 200 thousand tons in 6 - September.

It is noteworthy that the high price of cotton is approaching the limit of spinning enterprises.

In July 9th, China's cotton price index reached 18419 yuan / ton, up nearly 4000 yuan from the end of last year, and the domestic cotton spot in the past ten years.

Later, although it fell slightly, it remained at a high level of more than 18200 yuan per ton, driving up prices of raw materials such as cotton yarn and cotton cloth.

Affected by this, in June, China's Manufacturing Purchasing Managers Index (PMI) sub index, the textile industry's purchasing price index reached 76.6%, and in July it is still at a 60% high.

The purchasing cost of high priced raw materials is close to the limit of textile and garment enterprises, and some enterprises begin to narrow the scale of production.

The rising cotton prices continue to be pmitted to the lower reaches, and many enterprises have begun to formulate measures to increase the price of finished garments.

According to market research, the retail price of brand clothing has increased by 10%-15% this year.

Because of the rising cotton pressure and the sometimes slow motion of the downward pmission, plus the autumn and winter clothing materials far exceeding the summer products, the wholesale price of clothing products in autumn and winter is expected to increase by 10% to 15% this year, which will further aggravate domestic inflation expectations, and the export of textile and clothing will also be adversely affected.