Cotton Prices Forced Winter Clothing To Rise 10%

From 17800 yuan / ton to 25000 yuan / ton, from September to October, it was only one month.

Experts said that at this time, the greater risk of investment in cotton profits, cotton prices will not rise in the future, but tends to be stable.

"How did prices go up?" in October 18th, Ms. Wang, who sold children's clothing in the auspicious market, was surprised to find that almost all the wholesale prices of children's clothing had gone up.

In the same period last year, a set of children's pure cotton underwear was only 25 yuan, but now it costs 28 yuan, and a printed cotton trousers with cotton clip can be bought at 35 yuan last year, at least 38 yuan this year.

The reporter has learned that in addition to the five love market, the new winter clothing of Xing long family and New Mart has also risen to varying degrees.

Xing long family a brand of women's clothing.

Lou Jinghong, Secretary General of the Shenyang clothing and textile chamber of Commerce, told reporters that the price of clothing in Shenyang has risen by 10% - 20% this year, thanks to soaring domestic and international cotton prices.

Because of the most insensitive price fluctuations in previous years, the price increase this year is bound to affect the sales of the entire clothing industry.

"After all, clothes are not like necessities such as grain, and those who can buy or buy those with higher prices will give up."

Cotton prices to stop small and medium sized textile mills

According to China's cotton price index chart, cotton prices have risen sharply in the past month, and cotton prices are still hovering at the price of 17800 yuan / ton in September 10th. After that, prices have soared, and by October 19th, they have surged to 25000 yuan / ton, or nearly 40% in one month.

"Cotton has doubled, and there is no way to stop it."

Jin Yuan, general manager of Shenyang Sheng Sheng Textile Co., Ltd., Wang Zhousheng, told reporters paradoxically that with the increase of cotton prices, the cost has approached the highest point acceptable to the company. If the product does not rise in price, it will not make money, but once the price rises, it will be faced with a backlog of products and no purchase.

"No way, we can only stop production. Let's take a look at it for a while."

Like Wang Zhou Sheng, there are many small and medium-sized textile enterprises in Liaoning because of the soaring cotton and cotton yarn prices.

Wu, manager of the domestic sales department of Shenyang Oriental textile Co., Ltd., told reporters that the cotton price per ton was 16000 yuan in the same period last year, but the current price has risen to 25500 yuan per ton, and has increased by more than 60%.

Big companies are "tough" and so on.

Mr. Hao, sales manager of Shandong gold towel factory, told reporters that the impact of cotton boom on towel factories is very large. Many small towel factories have been closed down, and the company is still "stiff" because it is responsible for distributors.

A person in charge of the Sales Department of the three gun underwear group told reporters that the rise in cotton prices has not had much impact on the sale of three gun underwear, and the company will also absorb some of the cost increase inside, but it does not exclude that the price will be adjusted accordingly later.

China's cotton net market department Zhang told reporters that the current cotton price has reached 25000 yuan / ton, even so, it is still zero inventory.

"Cotton is in short supply in the market now.

The old cotton has been sold out, and the new cotton has not yet been produced.

Higher cotton prices and higher costs will inevitably lead to the closure of some cotton related small and medium-sized enterprises.

"At present, the whole Shenyang is good for the benefits of Huayue textile, and the rest are basically in a shutdown and semi shutdown state.

And the soaring of cotton and cotton yarns has caused some small and medium-sized garment enterprises to get into trouble.

Lou Jinghong told reporters.

Investment in cotton is more risky and risky.

Insiders said that the "one day, one price" cotton price has led all kinds of hot money to China's largest cotton producing area - Xinjiang, and the cotton producing town Akesu has become a must for all businesses.

Lou Jinghong believes that the reason for the soaring cotton prices is partly due to the abnormal weather throughout the country this year affecting the cotton production in Xinjiang and the Yangtze River and other main cotton producing areas. Another reason is that some of the hot money has put their eyes on the cotton market after garlic and mung bean, which has led to the continuous rise of cotton prices.

"From now on, the profits of fried cotton are very attractive, but the risk is also increasing."

"Cotton is definitely not going to become the next" garlic "and" mung bean ".

Miss Li, general manager of China cotton reserve management company, told reporters that China's cotton reserve management company has put 400 thousand tons of cotton in the market on the basis of putting 600 thousand tons of cotton reserves into the market, so cotton prices will not rise sharply in the future, but will tend to be stable.