Cotton Price &Nbsp Per Day; &Nbsp; Fire Textile Enterprises
At the end of last year, the cotton market was once optimistic. Cotton prices continued to soar in the first half of this year. Until this month, the price of "one day, one price" began to worry the textile enterprises.
In order to control the rising trend of cotton crazily, China
Reserve cotton
Management company (referred to as "cotton in storage") 25, announced that the sale of 20063.4 tons of cotton reserves on the same day, which is the thirty-third time since August 10th, the reserve cotton has sold cotton reserves.
Analysis of the industry, this scene and
cotton
The contest will continue until the four quarter.
Yesterday, the national cotton working teleconference was further proposed to promote the pformation of the textile industry development mode, speed up the structural adjustment and industrial upgrading of textile industry, intensify efforts to eliminate backward production capacity, and prevent large-scale blind expansion of general capacity.
Reality
Cotton textile enterprises: "the first half of the year is very good, now all in a hurry."
Zhejiang Lima group began to set foot in the textile industry in 2002, mainly for fabric export. Zhang Shugen, chairman of the company, just attended the French fabric exhibition last month. But in the face of numerous international orders at the exhibition, he did not pick up one.
"The price of cotton in China is too high, so I can't answer it."
He describes that a lot of monads can't pick up the state, "it's really hard."
More than 85% of the group's textile orders belong to export orders. In the case of a 30% rise in cotton prices plus RMB appreciation factors, Zhang Shugen said that compared with the good momentum in the first half of the year, it is now in a predicament.
"We do not accept large bills and long-term bills, and only take some short-term bills. Therefore, the volume of business has been greatly reduced."
Zhang Shugen's textile business doubled its output value over the previous year. At the end of last year to September this year, the cotton textile industry was developing rapidly and its profit growth has been maintained at over 60%. Therefore, the group has made full use of its power to expand production. Zhang Shu Yuan also invested 150 million yuan in the production of cowboy cloth at the end of last year.
Zhang Shugen said, "now is very confused, can only continue to wait and see."
Zhang Shugen was also worried about the director of Hangzhou Zhonghui cotton spinning company. He said that the current cotton prices rose by at least 3000 yuan / ton compared with the previous month. Some of them were out of control, too abnormal. "Sales promotion factor is not the main reason for the rise of cotton, and panic psychology has been widespread, not a good phenomenon."
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