Cotton Is Rising Again, And Businesses Are Facing Difficulties.

2010/9/27 22:11:00 50

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In September 26th, news from the website of the SASAC showed that after the Nakaaki Setsukomi holiday, some textile enterprises said they could not afford the current high cotton prices and began to stop production and holidays.

cotton

Yarn prices remain high.

In September 25th, the national cotton price A index (CNCotton A) on behalf of the 229 class cotton prices in the mainland was 20831 yuan / ton, up 492 yuan over the 21 day, or 2.4%; the national cotton price B index (CNCotton B), representing 328 cotton prices in the mainland, was 20403 yuan / ton, up 486 yuan, or 2.4% percent over the 21 day.

Beijing national cotton

paction

The average contract price of electronic matchmaking in the market was 21512 yuan / ton in October, up 1591 yuan / ton compared with September 17th, or 8%.

The average purchase price of the 3 grade seed cotton in the mainland is 4.58 yuan / kg (folding cotton lint 19712 yuan / ton), rising 0.27 yuan / jin (21 yuan / 1366 yuan / ton) over the 21 day, or 0.6%; the average purchase price of 3 grade seed cotton in Xinjiang is 5.25 yuan / jin (folding cotton seed 22904 yuan / ton), which is increased by 21 yuan / jin (21 yuan / ton).

The abrupt rise in cotton prices began in 2009 and has suddenly expanded this year.

Cotton prices continue to refresh the highest level in nearly ten years, further breaking the mark of 20 thousand yuan / ton.

As for the reasons for soaring cotton prices, some analysts believe that since the beginning of the year

Cotton spinning

Exports of goods continued to exceed expected growth, and the demand for cotton increased significantly. Meanwhile, natural disasters at home and abroad caused cotton production to decrease, and market supply and demand were unusually tight.

Some people also think that cotton speculation is also an important reason for cotton prices to rise.

At present, 600 thousand tons of national cotton reserves have been completed and 90% of the plan has been completed.

As of September 25th, the total amount of cotton put into the market was 541 thousand and 200 tons, and the actual turnover was 540 thousand and 200 tons, with a turnover rate of 99.8%.

According to relevant media reports, the seven departments of the national development and Reform Commission, the Ministry of finance, the Ministry of agriculture and the General Administration of industry and Commerce held the national teleconference on cotton work in September 27th to analyze the current cotton production and marketing situation and deploy the 2010 cotton work.