Zhengzhou: Cotton Prices Doubled In Half A Year &Nbsp; &Nbsp; Pressure On Garment Enterprises Increased

The recent surge in cotton prices is staggering.

Yesterday,

The rise in cotton prices has brought about a series of chain reactions, which has impacted the nerves of the textile and garment industry.

Market: cotton futures rose by 106% this year.

Compared with the rise in cotton prices, "beans you play", "garlic you ruthless" and "Jiang You Jun" seem to be somewhat "dwarfed", especially in recent two months, the rise in cotton prices can almost be described as crazy.

Cotton futures contracts on the Zhengzhou Mercantile Exchange hit a record high in September 27th. At the close, CF105 closed at $21635 per ton, up 380 yuan.

Yesterday, the Zhengzhou Mercantile Exchange cotton futures contract relaxed the price of cotton futures after listing in June 1, 2004. CF105 saw the highest price of 33295 yuan per ton and closed at 32970 yuan per ton, up 1950 yuan.

According to statistics, cotton futures rose from 16000 yuan per tonne at the beginning of the year to 33000 yuan per ton yesterday, or up to 106%.

So is cotton spot market.

In November 8th, China's cotton price index rose by 733 yuan to 28891 yuan per ton.

At the beginning of this year, China's cotton price index was 15000 yuan per ton.

Obviously, China's cotton price index has increased by more than 90% this year.

There is no doubt that the sharp rise has become the main keynote of cotton prices at home and abroad in 2010.

There are many reasons for the rise in cotton prices.

China cotton association analysis said that affected by the financial crisis, cotton prices were sluggish, and the cotton planting area in the whole country decreased significantly.

After the financial crisis, foreign orders surged.

The statistics of the National Bureau of statistics also confirmed this point: in 2008, the cotton planting area in China was 86 million 400 thousand mu, a decrease of 2 million 400 thousand mu compared with the same period last year, and the output of cotton decreased by 120 thousand tons compared with that of the previous year.

Yesterday, Jinpeng futures brokerage Co., Ltd., responsible person told reporters that the global excess liquidity is a big backdrop.

Recently, the United States once again implemented the policy of monetary easing, and the intensity of market speculation increased. In addition, the fundamentals of cotton also had problems. This year cotton came on the market more than ten days later than before. After September, the supply situation of cotton gradually became clear, and the overall output and quality of cotton had a significant decline.

"Although the state auctioned 1 million tons of cotton in mid September to late October, the higher the price of cotton, the higher the market demand.

Without these auctions, the price of cotton would be even higher.

The responsible person estimated that the high price of cotton prices is a foregone conclusion.

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Influence

Cotton mills are better off.

Cotton prices will soon be pferred to textile enterprises.

According to the reporter, several cotton spinning factories in our province are very good days.

Cotton prices have risen and cotton prices have risen all the way.

In May and June last year, the price of cotton yarn was about 16 thousand yuan per ton. Now the price per ton is more than 35 thousand yuan, and the price of quality is higher.

Clothing companies are obviously feeling the pressure.

Yesterday, our province's trousers brand M·SUYA company purchasing manager said that the surface accessories rose and rose again, and the enterprise had no way to digest internally, so the price of women's pants went up, the denim fabric rose 3~5 yuan, and the chemical fiber fabric rose by 2~3 yuan.

Just last month, Li Gang, vice president of the provincial garment industry association, told reporters that although the cotton price rose sharply, the garment enterprises in our province had digested internally, and there was not much change in the retail terminal.

And yesterday, he saw the reporter's first sentence is: cotton prices rise beyond imagination, many garment enterprises have obviously felt the cost pressure.

Retail market: cotton underwear is the most obvious markup.

The price increase of garment processing enterprises has led to the price of the retail terminal. The most obvious increase is the underwear with more cotton yarn.

Yesterday, the head of a underwear factory in Zhengzhou told reporters that they are now afraid to enter raw materials, mainly relying on the previous inventory in production.

Many underwear brands are selling well on the six floor of the Bauhinia department store on Sunday morning.

"Cotton yarn has gone up, and the factory price of each set of underwear has been increased by 10~20 yuan."

Huang Aiying, who sells many brands of underwear such as warm, colorful, flower umbrellas and so on, said they also followed up more than 10 yuan.

The brand of underwear such as three shots, AB and so on has been increased by more than 10%.

"Now a casual set of cotton underwear will be seventy or eighty yuan, a lot of more than 100 yuan."