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Developers Coal Bosses Fried Cotton: Cotton Prices Hit A New High Of 10 Years &Nbsp; Autumn Clothing Price Rose 3.

2010/9/28 19:30:00 79

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It's getting cold. Ms. Yang, who went shopping yesterday, wanted to buy several pieces of autumn clothes. She could walk around for a few laps. Ms. Yang was frightened by the price of clothing this year. The coat that she could buy over 400 yuan last year sold more than 500 yuan this year, and the average price increase was two or three.

According to the reporter's enquiry, in September 25th, China's cotton price index has exceeded 20 thousand yuan / ton mark, reaching 20236 yuan / ton, refreshing the highest record in 10 years, especially in the last half month, cotton price is more than a price per day, which directly led to the rise of autumn wear prices.

Through interviews with garment manufacturers, textile enterprises, cotton processing enterprises and cotton growers, the reporter learned that the rise in cotton prices is not only affected by cotton production, but also to Zhejiang real estate developers and Shanxi coal bosses to rush into the main cotton producing areas.

Behind the high cotton prices, cotton farmers in some cotton producing areas are now reluctant to sell, and textile enterprises are reluctant to buy cotton at high prices because they are afraid of taking risks.

Cotton price

Rising cotton farmers are reluctant to sell

Xinjiang Bazhou Luntai Yuanjiang agricultural industry and Trade Co., Ltd. Chairman

Xu Yuan Jiang

It is a Tongliang native of Chongqing. 30 years ago, Xu Yuanjiang went to Xinjiang for cotton cultivation and primary processing business.

Xu Yuanjiang introduced that Bazhou is one of the main cotton producing areas in Xinjiang. He has 20 thousand mu of cotton land in Bazhou. This year's output is around 350 kg / mu, compared with last year, the output of Mu has dropped by 20%.

"The weather is bad this year, resulting in the reduction of cotton production. This year, the output of cotton in Xinjiang is estimated to be 3 million tons. Last year it was 3 million 880 thousand tons, and the yield dropped by more than 20%."

Hubei is the main cotton producing area in the mainland.

Yesterday, Xiao Hua, chairman of Yuhong agricultural and Trading Co., Ltd., Jingzhou, Hubei, also revealed to reporters that he had three thousand or four thousand mu of cotton in his hand, and this year the output was reduced by one or two.

The reduction in production led to a rise in cotton purchase price.

Take Xinjiang as an example, at present, the purchase price of new seed cotton is 11 yuan / kg. Last year, as long as 6.4~6.5 yuan, the price rose by nearly 70%.

Xu Yuanjiang said: "apart from the cost, cotton farmers still have profits to figure out."

Many cotton farmers in Xinjiang are reluctant to sell because of the good price this year.

"Our processing plant needs about 50 thousand mu of cotton to meet production needs, and we have 20 thousand mu, and the remaining 30 thousand acres need to be bought everywhere. Now we have encountered many cotton farmers' reluctance to sell them. They say cotton prices are going up, and we want to wait and play again."

Xu Yuanjiang said.

Textile enterprises are afraid of buying goods because they are afraid of risks.

Xu Hua is the head of Chongqing Xu Yang textile limited liability company. Xu Yang company is one of hundreds of textile enterprises in Shapingba's Huilong Ba Textile City.

Yesterday, Xu Hua told reporters: "in the past half a month,

Cotton yarn price

It has gone crazy. Taking 32 yarns as an example, it has increased by four thousand or five thousand yuan per ton, and the cumulative increase in the past six months is close to 60%.

What makes Xu Hua headache is that while the price is rising, the supply of goods is still tight. "Before it was cash on delivery, it was now on delivery.

I paid two to three million dollars last month to the cotton mill, and now I have reached six or seven of the goods.

Xu Hua said that this year's national climate anomalies, the new flower (new cotton production) time pushed back 20 days than in previous years, so the supply of goods is tight.

"A lot of textile companies in Huilong dam are reluctant to purchase. Now the price is high and the risk is great," he said. "Xu Hua is afraid that he will hit it in the hands after a lot of purchases."

Chongqing Silk Textile Co., Ltd., Xindu textile company and other cotton yarn procurement executives yesterday interviewed reporters, they said: "now cotton yarn price is so high, who dares to rush to buy goods? Wait and see for a while."

Measures

State throwing cotton reserves to stabilize prices {page_break}

According to the news of China Cotton Textile Industry Association in September 26th, the state decided to continue to put 400 thousand tons of state cotton into the market in order to ensure the demand for textile production.

Statistics show that between August 10th and September 25th, the reserve cotton has sold more than 540 thousand tons of reserve cotton, accounting for 90% of its reserves.

Yesterday, Chen Shangfu, Secretary General of Chongqing clothing association, said that at present, the clothing and textile enterprises in our city have felt the pressure brought by the rising cotton prices, but have not yet affected the normal production.

Chen Shangfu said that under the state regulation, Chongqing enterprises should be able to successfully pass the price rise.

Stock market reaction

Cotton stock trading opened to drive up agricultural stocks

Driven by the general growth of international agricultural products, agricultural stocks in the two cities generally strengthened in the early morning, and cotton stocks led the agricultural sector yesterday, and the cotton stocks, such as the new Sai shares and the new agriculture development, opened on a daily basis.

Facing the hot market of futures market, the A shares of cotton stocks have gone higher.

As of 10:00 yesterday, although the development of new agricultural development has dropped to 7.57%, but the new shares are still limited to a single limit.

Other agricultural stocks were also driven up by cotton stocks. Dunhuang's seed industry rose 6.73%, and Sheng Nong's development rose 6.13%.

In addition, Yamashita Ko, Long Ping Gao Ke rose more than 5%.

According to the forecast data of the national cotton market monitoring system, the domestic cotton production and demand gap is 3 million 440 thousand tons in the next two years, and the domestic cotton market is still continuing the pattern of tight supply and demand. The contradiction between supply and demand of cotton is even more prominent. Even if the National Reserve is sold, it will not hinder the uplink of cotton prices. It is estimated that domestic cotton prices will continue to run at a high level in the second half of 2010. If the peripheral market continues to rise and the domestic output is not as good as expected, it will not rule out the possibility of continuing to go up sharply.

Wang Ping, a securities analyst at the Great Wall, said that the price of agricultural products will increase in the fourth quarter, and the structural imbalance between supply and demand pattern is the main force to support the prices of agricultural products.

In addition to cotton stocks, investors are advised to pay close attention to investment opportunities such as Dunhuang seed industry, Great Lakes shares, League of nations aquatic products, good families, Shun Xin agriculture, Shennong development and Yisheng shares.