Cotton Prices Rose By &Nbsp; There Was A Single Unattended Phenomenon In The Textile City.

"It's hard to do business in the second half of the year." this is a visit after the Mid Autumn Festival.

Under the combined effect of reduced production, better delivery of downstream cotton yarn and rising cotton prices, cotton prices rose again between 5% and 10% after mid autumn festival.

On the 25 day, data from Zhuo Chuang information showed that the price of cotton rose significantly before and after the Mid Autumn Festival.

In recent 4 days, Xinjiang cotton has increased by 10%.

Before, according to the voice of China, "cotton prices rose by 20% in 4 days, and this price will soon be pmitted to the lower reaches. Textile enterprises are under great pressure."

This is Wang Wei, deputy director of the consumer goods industry department of the Ministry of industry and information technology, who expressed concern in the media interview in September 20th.

For this reason, insiders pointed out that although the price of cotton had not ended in September, the increase in cotton prices in September has reached a record high in the past month.

The surge in cotton prices has made the downstream cotton spinning enterprises miserable.

It is understood that under the background of the continuous appreciation of the RMB exchange rate, the rise of cotton prices has stimulated the market price of veil and grey cloth, and the profit margins of cotton textile enterprises have been continuously compressed.

With the increase in cotton prices, cotton prices have risen from 10000 yuan / ton to 50000 yuan / ton in just a few months.

"At present, the cotton yarn that the enterprise is still using before, the impact is not obvious, but the next purchase of cotton yarn must increase more cost pressure."

Weng Ren soil, chairman of Fuxing textile and Garments Co., Ltd. pays attention to cotton price dynamics every day. He said cotton price trend is not optimistic for cotton spinning enterprises in the future.

Textile City operators carefully orders for cotton cloth

The soaring price of cotton has been rapidly pferred to the light textile market.

On the 24 day, the business manager of a textile import and export company in Textile City said that the rise in cotton prices had a great impact on its company. "Now we are afraid to order some cotton orders."

According to the person, cotton prices unexpectedly rise again and again, resulting in a sharp rise in production costs, salesmen are hard to quote the order price, such as low loss.

Although it is difficult to predict the impact of cotton prices on fabrics, the compression of corporate profits is inevitable.