Shandong Port Import Cotton Volume And Price Increase &Nbsp; Autumn And Winter Clothing Prices Rising Pressure Highlights

According to Qingdao customs statistics, the first 7 months of this year, Shandong port

The data showed that the monthly average price of cotton imports at Shandong port reached 1717 US dollars / ton in January this year. After breaking through 1800 US dollars per ton in June, the average import price of the import price was higher in July, up to 1912 US dollars / tons, up 44.1%, and continued to refresh the record since January 2003.

According to customs analysis, the main reasons for the increase in cotton import volume at Shandong port in the first 7 months of this year are: first, the growth momentum of the textile industry is good, and the domestic supply gap of cotton is widened.

In the first half of this year, China's textile industry maintained rapid growth, accumulatively spinning 12 million 700 thousand tons, an increase of 16.9% over the same period. In the same period, China's export garments and accessories 53 billion 230 million dollars, an increase of 16% over the same period last year.

On the other hand, due to the 14.6% reduction in cotton production last year, cotton supply in China is tight this year. Before the end of August, the domestic cotton supply gap reached 100 - 1 million 400 thousand tons.

The imbalance between supply and demand of cotton in China has intensified, which has led to a significant increase in cotton imports.

The shortage of global cotton also exacerbated the sharp rise in international cotton prices.

The latest report of the US Department of agriculture (USDA) in July showed that the world cotton production and marketing gap reached 3 million 48 thousand tons in 2009/2010, which strongly supported the rise of international cotton prices.

In addition, in April this year, the second largest cotton exporter in the world suspended cotton export registration in India, and further promoted the rapid rise of international cotton prices.

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

This year, domestic cotton prices have been rising all the way. In July 9th, China's cotton price index reached 18419 yuan / ton, up nearly 4000 yuan from the end of last year, which has set the highest spot of cotton spot in nearly ten years, and has also driven up the price of raw materials such as cotton yarn and cotton cloth.

The purchasing cost of high priced raw materials is approaching the limit of the textile and garment enterprises. Some enterprises have reduced the scale of production and formulated measures to increase the price of finished garments. 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% - 15% this year, when domestic inflation expectations will further intensify, and the export of textile and garment will also be affected.

To this end, customs experts recommend: enterprises should accurately grasp the opportunity of cotton throwing and storage, arrange the progress of cotton imports reasonably, guarantee the stability of domestic cotton prices, actively adjust the structure of textile and clothing products, digest the cost pressure through upgrading the added value of products, increase the intensity of technological innovation, introduce new energy-saving and consumption reducing equipment, and reduce the production cost of textile enterprises.