Cotton Fluctuation And Fluctuation Seriously Affect The Clothing Industry.

He said that before, everyone was not too concerned about the futures market, but cotton prices rose too much this year, cotton futures.

Rising price of cotton yarn affects Yiwu knitting industry

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.

The cotton yarn in the United States is thicker than that made in China. It is only used to spin 32 or less coarse cotton. Due to the limited import volume, Yiwu's thermal underwear enterprises can not meet the needs of cotton in the short term.

Operators said that a few days ago, the Zhengzhou commodity exchange cotton futures prices fell, but also quickly affected the Yiwu cotton yarn market, such as the 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.