Cotton Should Be Raised By &Nbsp; Clothing Companies Began To Hoard Cotton.

2010/10/25 16:18:00 96

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In order to cope with the price increase, some garment enterprises began to try to hoard cotton resources.

cotton

Prices have been rising since the end of last year, and they are heating up in the near future.

In October 8th and 11th, cotton futures in Zhengzhou futures exchange reached a daily limit for two consecutive days. At present, the price of 24325 yuan / ton rose by nearly 40% compared with the lowest price of 17455 yuan / ton in September 1st.

The frenzied cotton made many people who had been struggling for years in the textile industry exclaimed.

capital

Speculation is the main reason.

Analysts pointed out that

Cotton price

The rise is related to the weather and the background of supply and demand.

This year's weather factors caused the domestic cotton picking period to be postponed and the quality declined.

At the same time, India suspended cotton exports for a while, and domestic cotton enterprises' demand has been increasing.

However, in view of the rising tide of cotton prices in the second half of this year, analysts have spearheaded the speculation of hot money.

Zhang Bin, an analyst of state textile securities in cotton textile industry, pointed out that since the beginning of this year, not only did there still be funds for cotton speculation in the past years, but also new funds had been added. They accumulated profits in the spot market and gained huge profits in the futures market.

Under the so-called market expectations and the participation of hot money, soaring cotton prices become inevitable.

An industry source revealed that some cotton processing enterprises in the processing and circulation areas also had the habit of hoarding cotton, which helped to increase cotton prices through low price hoarding of cotton for profit.