Cotton Prices Soared, Jiangsu And Zhejiang Clothing Enterprises Dare Not Place Orders &Nbsp; 10% Suppliers Choose To Default.

Resource prices rise, processing

"We have hardly received orders since October, and everyone is watching.

Next year's situation is really not optimistic. "

Suzhou

The Qingtian enterprise in Zhen Ze town, Wujiang, Suzhou, is a famous clothing processing enterprise, with sweaters, knitted garments and warp knitted fabrics.

Prices are too high for orders.

Cotton futures contracts for the 1105 and 1109 contracts on the Zhengzhou Mercantile Exchange fell sharply, down 4.84% and 5.01% respectively, which made Sheng Guofeng's eyebrows slightly spread. But he added: "this is only a fall in futures prices, and there is still some difference between the spot market and the futures market."

"Since September, cotton has gone too far, almost every two days.

Now, how can I fall again? I do not expect to return to the price before September. "

For big companies like Qingtian, the days seem to be no problem, and the volume of work is still full.

The director of the enterprise said that the production in the workshop is basically the work before September.

According to the process of garment processing, it will take three or four months from signing, raw material purchase, production and processing to final delivery, so processing orders in the first half of next year will be worrying.

Sheng Guofeng further explained that the main reason is that the price has skyrocketed and plummeted, and customers are not allowed to get the price.

"Our main customers in the United States, customers have stopped making orders recently, and we will be in a position of no rice."