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    Prices Of Cotton And Other Raw Materials Skyrocketed &Nbsp; Textile Companies Dare Not Take Orders.

    2010/11/29 9:02:00 47

    Cotton Raw Material Textile Enterprises

       "Now Textile enterprises They dare not quote, "one." foreign trade The head of the import and export enterprise said he led a dozen textile enterprises to the Canton Fair to have a meal and returned.


       Foreign trade officials in Ningbo say that enterprises are particularly afraid to take long-term orders.


    The soaring prices of raw materials such as cotton and chemical fiber and the uncertain factors of the RMB exchange rate and the rising labor costs have made the textile exporting enterprises a difficult day. This year, some textile small businesses are in a state of insufficient capacity throughout the year.


    Beginning in 9 and October, some small businesses in the East began to close down because of the sharp rise in cotton prices and chemical fiber prices. It is reported that only a small number of small businesses in Ningbo have gone bankrupt, and some medium-sized enterprises have been losing weight and laying off a lot of jobs in order to tide over difficulties. "The business of 200 to 300 people is basically cut to about 100 people now."


    Local officials say the changes are too fast. Small and medium-sized enterprises The response is not as good as the overall confidence index of textile enterprises is decreasing.


    A trader in Jiangsu said they were prepared to leave early. According to his judgment, textile exports will be affected in the first quarter of next year.


    A foreign trade official in Ningbo believes that the status quo of textile enterprises will definitely affect next year, and the order will definitely decrease next year. Because customers are now turning to neighboring countries and going to list in Southeast Asian countries.


    On the other hand, textile enterprises in the East are also considering or have gone out to investigate. To neighboring countries and central provinces and cities, some enterprises may move away from the East next year.


    Customers or enterprises are shifting from the East.


       "Our idea is that these enterprises are better off moving the manufacturing sector, leaving their headquarters, or R & D, brands, finance and so on," a Ningbo foreign trade official said.

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