The Rise In Cotton Prices Has Made Zhejiang Textile Enterprises Feel Business Difficulties.

2010/10/18 9:45:00 39

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Cotton price

Since the beginning of this year's rise, we have finally begun to make our country's main

Textile market

The textile enterprises in Shaoxing, Zhejiang, are under heavy pressure. Some enterprises have expressed their inability to cope with the rapid rise of cotton prices.

It is understood that

Cotton futures

The October contract broke through 20 thousand yuan / ton mark, the highest level in 15 years.

Under the action of price pmission, cotton spot prices also began to go wild.

As cotton prices continue to rise, making Shaoxing cotton yarn production costs increased by more than thirty percent.

Although the cost of production is rising, considering the actual market demand, wholesale prices can not rise so much at a time, and profit margins are undoubtedly less and less.

According to the statistics of Shaoxing customs, the export value of textile and clothing in Shaoxing was down sharply in August, and the export value was 1 billion 340 million US dollars, which was 8.6% lower than that in August.

High cotton prices have already had a certain impact on the export of textile enterprises.

However, at present, some brand clothing prices are rising little. According to the analysis of the industry, many brands have their own fixed material suppliers, and some even own their own cotton mills. This makes manufacturers have the ability to digest some of the rising costs.

But unlike the coat, the price of some underwear with high cotton content is very significant.