Cotton Prices Soar &Nbsp; &Nbsp; Can Downstream Enterprises Still Undertake?

　　 In recent years, domestic cotton prices have seen an unprecedented surge. In recent days, reporters in the interview found that the recent market of cotton yarn, cloth and other downstream industries have been significantly affected.

According to the analysis of the industry, under the action of price transmission, soon after, home textiles in the market, clothing Prices of other commodities will also rise quietly.

Open domestic cotton futures K-line chart shows that cotton futures prices before August this year, basically in a large platform finishing. But since August, it has gone up and has gone up sharply. Especially during the 4 days before the Mid Autumn Festival, its price soared by 20%. And after the Mid Autumn Festival, domestic cotton futures rose to a high level of 22 thousand and 235 yuan / ton in September 28th. After that, the two trading days were adjusted, and cotton prices remained high.

"We haven't seen much of such a rise in cotton prices before." Long term concern cotton Fan Jiang, vice president of Bo Yang Group, which has a fluctuating cotton yarn price, was impressed by an interview with reporters before the National Day holiday.

In his view, although the recent surge in cotton prices has the suspicion of capital speculation, from the current situation, the overall trend of agricultural products shows an upward trend, and cotton is no exception.

The reporter searched the trend of international cotton futures and learned that New York cotton futures hit a new high in 15 years in September. During the national day, although cotton futures in New York had a concussion, it was closed again in October 7th.

The price of cotton will go up to the downstream textile industry and cloth industry. Finally, it will be transmitted to the clothing industry and the home textile industry. However, Fan Jiang believes that this impact will have a process, "Bo Yang's home textile products and brand clothing prices have not yet been raised, and at the same time will not be affected by the surge in cotton prices in the short term. But if cotton prices remain high for some time to come, then the price of home textiles and clothing will definitely increase.

Reporters interviewed noted that Cotton price The boom will soon affect the price of cotton yarn.

Zhejiang East Textile City (formerly the East Zhejiang cotton yarn Market), located in Jiangbei, Ningbo, is the largest cotton yarn trading market in eastern Zhejiang. Lv Chun, the head of the market, said cotton yarn trading is also showing a strong momentum in recent years, thanks to soaring cotton prices.

In the past half a month, the average price of cotton yarn has increased from 26 thousand yuan / ton to 28 thousand yuan / ton to 29 thousand yuan / ton, and the price of different types of cotton yarn has increased by 1000 yuan to 3000 yuan per ton respectively. Lv Chun said, because this increase is lower than cotton's growth, many people expect cotton yarn price to rise, which makes the cotton yarn market volume increased recently. {page_break}

"During the period before the national day, we have a turnover of 150 tons or even 200 tons per day. Such turnover has reached a record high this year. Lv Chun told the evening news reporter.

The sharp fluctuation of cotton yarn prices will affect cloth industry next. Boyang group is responsible for cloth industry and other production areas of a surnamed Ye told reporters that due to soaring cotton prices, their cloth industry has been cautious quotes from the beginning of this month, recently has simply stopped the offer. "How about the price of cotton at a price per day?" Ye pointed out that although the price of domestic cotton fabrics has also risen this year, the increase is only 10% or more, far behind the price increase of cotton. Ye believes that the next step, with the stability of cotton prices, cotton prices will also go up to a higher level.