Cotton Cloth And Cotton Cloth Cost A Lot Of &Nbsp; &Nbsp; In Order To Ensure Cost, The Company Would Rather Break The Contract.

Cotton prices hit a 15 year high

"

Reporters opened the domestic cotton futures K-line chart found that

Reporters learned from the city textile and Garment Association that domestic cotton prices have reached a new high of 15 years.

In addition, reporters also learned that New York cotton futures in September hit a new high of 15 years.

Cotton cloth and cotton cloth cost a lot.

Soaring cotton prices will definitely affect downstream industries.

In Liqun, Taitung

At the cotton counters at the department store, Ms. Zhu said that compared with last year, cotton prints were up by 4 yuan a metre. "Now there is little profit."

Ms. fan told reporters, "in 5 and June this year, the high staple cotton can reach 18 yuan per meter from Shanghai, and now it rises to 23 yuan, so that we can barely enter the goods."

Reducing cotton content with new materials

Reporters also found that the rise in cotton prices forced some textile enterprises to explore new materials to reduce the content of pure cotton in their products.

Underwear shop in Liqun commercial building, underwear made of modal and bamboo charcoal fiber accounts for half of the country.

"Cotton prices have risen and can only be replaced by modal cotton."

The salesperson of Ttiumph counters told reporters that the 50% products launched by the company now contain modal.

The manager of Xi Ying men told reporters that in the long run, the production of new materials without restriction from single raw materials is a good outlet for the development of enterprises. "We have also adopted some materials such as soybean fiber to ease the pressure brought by the rising cotton prices."

In order to ensure cost, enterprises would rather break the contract.

"In order to ensure delivery on time, we have to add advance payments to downstream processing enterprises."

Li Min, manager of Yifeng international finance department, who specializes in textile exports, told reporters that the advance payment was about 30%, and the remaining part was repaid at the time of delivery.

This year, in order to improve the production enthusiasm of downstream processing enterprises, their advance payments are added at any time according to the schedule, and they have paid all the funds before delivery.

"The rise in cotton prices has caused a lot of pressure on the enterprises to take orders. Many processing enterprises are willing to break the contract and do not lose money."

Li Min said that in order to ensure the timely completion of export orders, their company had to add advance payments and send staff to supervise production.

"Many cotton textile enterprises in Qingdao have slowed down production."

City Textile Association Zheng secretary general said that in response to the rise in cotton prices, many enterprises have taken measures, "the first is to wait and see prices, adopt flexible orders, give up the medium and long term large bills; second, adjust the product mix, minimize the use of cotton raw materials; third, continue to develop new varieties, and respond to the price rise of raw materials."