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Cotton Prices Continue To Fall By &Nbsp, Or They Will Be Thrown Ahead Of Time.

2010/11/26 15:47:00 79

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In the past more than 10 days,

cotton

Prices plummeted by more than 20%.

Insiders say that the upstream spinning and weaving enterprises may be able to retire all over the body, but downstream clothing companies have backlog a lot of cloth purchased at high price and the resulting fabrics.

clothing

And raise the terminal price.

At the same time, the weather has not become cold, and the sales of winter clothing are in the doldrums.

According to the insiders, if cotton prices continue to fall, there will be no cold weather at the end of December, and clothing companies will have to turn their clothes in a month ahead of schedule.

Cotton prices drop more than 20% in more than 10 days.

National Development and Reform Commission released monitoring data show that since November 12th, domestic commodity prices have dropped sharply.

The closing price of November 24th was higher than that of November 10th, or 11, when domestic copper, zinc, rubber, cotton, PTA, plastic, soybean oil, sugar and other commodity futures prices fell by more than 10%.

Cotton fell the largest, or 23.6%.

From the spot market, data released by China Cotton Association show that China's cotton price index (grade 328 cotton) fell to 26902 yuan / ton, compared with the high point of 31302 yuan / ton in November 11th, more than 10 days time fell 14%.

At the same time, since mid November, Shandong Wei Qiao group, as a weathervane of the industry, has continuously lowered the purchase price of lint, and dropped 500 yuan / ton on the 24 day. At present, the purchase price of grade 3 lint is 26500 yuan / ton, and the 4 level price is 26100 yuan / ton.

Cotton prices still fall by 10%

"Although the decline in cotton prices has been very large, there is still room to fall."

Jia Fengmei, President of Ji'nan textile and garment industry association, said that cotton prices have more than doubled over the same period last year. Although there is a big gap between supply and demand, it will not rise to such a degree. With the gradual improvement of the national control policy and the gradual withdrawal of speculative capital, cotton prices continue to fall.

The national development and Reform Commission also called the early stage of the cotton price decline.

market

There is excessive speculation and the price is out of the fundamentals of supply and demand. The State Council issued a circular on stabilizing the general level of market prices and ensuring the basic livelihood of the masses. It stressed that it is necessary to crack down on illegal activities such as manipulating the market and curb excessive speculation. The market expects that it should be a quick return for capital gains.

"However, the space for cotton prices to continue to fall is also limited, and there are still more than 10% falling spaces at most. After all, the gap between supply and demand of cotton is objective."

Zhang Qingwei, chairman of Shandong sailor apparel Co., Ltd. predicts.

According to the mid-term analyst of Shanghai, it was noted that last year, cotton production and demand gap in China was 3 million 600 thousand tons, an increase of 2 million 600 thousand tons over 2008. This year, according to conservative calculation, the gap between production and demand will increase by at least 1 million tons. In the whole year of 2010/2011, the supply and demand of cotton will remain in a tight state.