Yiwu: Cotton Price Fluctuation Affects Knitted Garment Industry

　　 Cotton prices since the second half of this year Rise sharply The rise and fall of cotton prices in the futures market will directly affect the knitting industry in Yiwu, so that enterprises in Yiwu can produce socks, underwear and shirts for export. international market Competition is faced with severe challenges. What is the trend of the market price of cotton in the next market? The related enterprises in Yiwu are very concerned.

"Cotton futures prices fell a few days ago, and today they go up again, and the volatility is quite large." In November 19th, Lao Liu, a cotton yarn operator in Yiwu's knitting raw material market, was very concerned about the cotton futures price of Zhengzhou commodity exchange.

He said that before we were not too concerned about the futures market, but cotton prices rose too much this year, cotton futures prices directly affect the market price of cotton yarn in Yiwu. Therefore, they also have to pay attention to the futures market.

Cotton prices have started to rise since September and have intensified since November. Three days ago, the cotton yarn purchase contract was ordered, and the money from the buyer was still on the way. The cotton yarn supplier called: the price has gone up, otherwise it will not be delivered.

Knitted, garment and socks industry is the leading industry in Yiwu, and the consumption of cotton yarn is enormous. Thermal underwear mainly uses 40 or more high-grade cotton yarn, and socks, shirts and so on mainly use 32 ordinary cotton yarn.

At present, the cotton yarn on the Yiwu market is mainly made in China, and the imported cotton is mainly from the United States, India, Pakistan and other countries. Ningbo customs latest statistics show that in October, Ningbo Port imported 1645 tons of raw cotton, valued at $3 million 220 thousand, the average import price was $1959 per ton, a decrease of 14%. It is understood that the import of raw cotton prices fell from high, mainly due to the recent increase in imports of cotton.

Because of the daily attention to the futures market, Yiwu's cotton yarn operators are becoming experts in the industry. They believe that the price of imported raw cotton will not affect the price of domestic cotton yarn in the near future.

There are two main types of imported cotton: one is of good quality and the other is of high quality. It is difficult to reach the raw material standard of 40 cotton yarns. Yiwu enterprises need basically second types of cotton yarn. U.S.A The cotton yarn is thicker than that made in China and only used for weaving 32 coarse cotton below. Due to the limited import volume, Yiwu's thermal underwear enterprises can not meet the needs of cotton in the short term.

Business households told reporters that a few days ago, the Zhengzhou commodity exchange cotton futures prices fell, but also quickly affected the Yiwu cotton yarn market, such as domestic 40 cotton yarn, although the factory price remained at about 48000 yuan per ton, but the wholesale price of the Yiwu market has been loose, some of the households are selling at a price of about 46000 yuan per ton. Fan Peizhong believes that the biggest reason for this price reduction is the decline in demand before the Spring Festival.

"The rate of increase will not be too great. It will fall further and further down. It will depend on the market situation of next year". "This year, some of you are afraid to pick up the market." For next year's market, they have a more consistent view that this year due to climate reasons, the global cotton production has declined. Cotton purchase has basically ended. This year, the tight supply of cotton has become a reality. Prices will fluctuate at a high level. Cotton planting will depend on the weather. Next year, the cotton harvest will decide cotton price. Next year, the new cotton market will be known in September.

They all expect cotton prices to come back to reason sooner.

Cotton prices have risen and cotton prices have soared. At the same time, the rising price of cotton has led to the rising price of raw materials such as chemical fiber and so on, and the overall cost of the cotton industry has also been raised. "Now the clothing production and marketing is very tired, basically no profit." The clothing operator shook his head and said, now there is a saying in the industry: "selling clothes is not as good as fried cotton yarn, but making clothes is better than hoarding cotton".

A shirt manufacturer complained to reporters that it would take a while to make orders and production to supply. When the price was supplied, the price of cotton yarn would not be increased as the cotton yarn rose. The supply orders of many shirts enterprises had been signed in the first half of the year. The high cotton prices in the second half of the year have made the textile and knitting enterprises suffer a lot. Some of the socks that depend on the export market, the profits of the manufacturing enterprises are already low. There are only two ways to choose, either to raise the price or to supply the goods. Therefore, the competitiveness of Yiwu's socks, underwear and shirts enterprises in the international market has been severely challenged.

"The price of clothes in the mall is obviously higher than that of last year. Let's go and buy cloth to make clothes." Yesterday, Xiao He and his four or five friends in the downtown area were shopping in the cloth market of Jinhua industrial and commercial city, and they were going to make several sets of winter clothes for the whole family.

In fact, cotton prices have also gone up a lot with cotton prices this year. "This year has gone up very well, and it has risen for ten days, and even now it rises once a week." Ms. Zhao, the owner of the cotton store, said that most cotton products including cotton fabrics had raised their prices this year, up 15% to 20%.

Cotton producers believe that the trend of cotton prices will continue until next year. A salesperson of brand bedding also told reporters that now the four piece sets of jacquard material have risen to more than 140 yuan, and originally only 130 yuan.

The more the price goes up, the harder the business is. Many people are facing the rising price of cotton products. They are trying to tighten up their money bags.