Cotton Price Is Too High; &Nbsp; &Nbsp; Quilt Is "Up".

In the early winter, a cold wind broke out in the north, and a van stopped at the front door of a cloth shop in Tianjin's wholesale market.

Feng Zhehua has been running clothes and quilt business for more than three years. Now she is unloading her bed quilt and moving it to the store. But unlike before, the goods she entered this year is much lighter.

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Reporters came to the nearby Huarun Wanjia supermarket chain, in the bedding area first saw a price card "pure cotton print twill is 109 yuan", such a low price makes people can not help but to see a few more.

Reporters also found some mysteries on the packaging. A small label was stitched on the side of the quilt, which was not conspicuous. The label was "fabric 100%: cotton."

Many quilts are filled with dazzling descriptions of stuffing, "four holes, hollow, high-density, three-dimensional curling..."

Zhan Jianping, an analyst with Hongyuan Futures Company, told the new financial reporter that the filler would not be pure cotton as long as it was polyester fiber.

The main type of polyester fiber is polyester fiber, which is usually used as a substitute for cotton in textile industry.

Cotton prices began to soar in September of this year, while the production of raw materials of polyester fiber (PTA) was lagging behind, and many garment enterprises began to seek to replace cotton with polyester.

The price ratio of cotton and polyester increased from 1.5 in March to 1.92 at the end of September. Before November 3rd, the ratio of PTA futures rose sharply, and the ratio was 2.27. The price ratio continued to expand, and the substitution advantage of dacron to cotton was obvious.

Due to this substitution effect, the demand for the polyester fiber in garment manufacturing enterprises gradually increased to PTA. In November 4th, the PTA futures contract of the Zhengzhou mercantile exchange closed at a daily limit, and there were 4 continuous trading boards (except for the suspension of trading in November 9th). The PTA contract, which was cut in January next year, rose from 8922 yuan / ton to 10684 yuan / ton, or nearly 20%.

According to Zhan Jianping, the ratio of polyester fiber to cotton used in China's textile production is about 3 to 5, and this proportion has begun to increase under the condition of high cotton prices.

Although the price of PTA has started to rise recently, it still maintains the substitution advantage of cotton in terms of cost.

Reporters saw in some large chain supermarkets, in addition to cotton and polyester fiber, silk, milk protein fiber, wool and other quilts also accounted for a considerable proportion.

A quilt manufacturer in Beijing told reporters that their quilts used in the past were made of pure cotton cores. Since the cost of using pure cotton has gone up badly, they began to replace the core of cotton with protein fiber since the beginning of October.

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In addition to quilts, clothing enterprises have also been affected by the rise in cotton prices.

A related person of ZTE investment (China) Co., Ltd., which produces a good and cool underwear, told New Financial reporters that their products were mainly made of pure cotton underwear. Compared with last year, the production cost of the whole year is estimated to increase by about 60%. According to the recent cotton yarn price, the production cost has increased by 100%.

From the visit to producers and salesmen, the raw materials of many garments are also changing. A salesperson who has been engaged in more than one brand clothing sales in winter has introduced that many brands of thermal underwear this year have been made of polyester cotton blended fabric, and the main ingredient is polyester fiber, which has become the mainstream of underwear this year.

Reporters learned from Shenzhen Di long Clothing Co., Ltd., this year they produced winter jacket from fabric to filler using polyester fiber, many garment enterprises in Shenzhen have taken into account the changes in raw materials from the design link, in style, try to adapt to polyester, such as bright, tough, light characteristics.

Guo Du futures energy and chemical industry analyst Zhang Mingxun told the new financial reporter that although polyester fiber is more expensive than cotton and other natural fibers at cost, but the quality of polyester fiber is poor in water absorption and is not easy to breathe; compared with quilts and cotton clothes, there is a certain gap in the warmth retention of polyester products.

In recent years, some chemical fiber enterprises have improved their production technology.

The production of polyester fibers, such as four holes and nine holes, makes its permeability and warmth close to cotton and other natural fibers; because of the polarity of polyester molecules, it is easy to generate static electricity, especially in dry winter. This is also a disadvantage of polyester fiber. However, some polyester fibers are added with antistatic additives, so that the antistatic property of man-made chemical fiber has been greatly improved.

For textile enterprises, it is also very important. Compared with cotton yarn, polyester fiber is not easy to stain, and sometimes it is difficult to achieve the impression in garment design when garment is produced.

In the face of the sharp rise in cotton prices, the demand for alternatives for textile and clothing manufacturers also increased significantly. PTA futures began to show a similar strong rise in November 4th with the early cotton futures, but last week's last two trading days also fell back with Zheng Mian.

In this regard, Hongyuan futures analyst Zhan Jianping analysis, due to the increase of PTA downstream products such as polyester in the short term, recently, some downstream textile customers have begun to stop and stop the purchase orders, and the cost of the industry chain has been impeded. At the same time, the collapse of cotton has a negative impact on PTA and polyester fibers, and the price of PTA and polyester will usher in a rational regression.