Cotton Prices Fell 60% Orders &Nbsp; Wuhan Textile Enterprises Caught In The Cold Winter.

"Who thought? Cotton price The top of the "fall" fell down. Yesterday, in Han Dynasty Spin product Exit Wang Junjie, who has been in business for many years, told reporters that since November, he has never been able to sleep. This year's market has never been seen before.

Yesterday, the cotton price market dropped to below 27000 yuan / ton, which fell by more than 5000 yuan compared with the peak of 32000 yuan / ton in November 10th, while in November 15th it was the watershed of the sharp rise and fall.

In the tumble and tumble of cotton market, some small and medium-sized textile export companies in Wuhan began to "play the trick". They were like a boat in the big wave.

　 More than 10% is the limit.

"Today, we have just sent a copy of our latest quotation to a Hongkong customer. The mail has been sent for only one minute, and the phone call has come back, saying that the price is more expensive than his selling price." Wang Junjie sighed. Because of the recent sharp rise and fall in cotton prices, their quotations rose by 20%, but the customers did not accept them and the business was at a standstill.

He said that the company mainly made cushions, sheets, tablecloths exported to Europe, Australia, and a small number of exports to the Middle East and the United States, the impact of the rise in cotton prices is very large, "now a price, we are completely at a loss, but in general, cotton prices rose by 30%, we will rise 20% lose money."

Huang Ming, the head of another small garment export enterprise in Wuhan, said: "now we can only wait and see. There is no other way to order. "Within 10% of the increase is barely acceptable, once more than 10%, is no way to accept."

　　 Small and medium enterprises lost 60% orders

　 "A month after the end of the general fair, orders can be determined, but from the end of this year's Canton Fair to more than 1 months, most of the orders have not yet come down," Wang Junjie said.

He complained, "there is an old customer in Europe who signed an agreement on the spot of the Canton Fair. It was a $more than 10 thousand bill. As a result, the contract was passed in November 7th, and the price of cotton core rose by 30% on second days. They could only notify the customer to suspend the contract and postpone the contract."

"The volume of trade last year is about 500 thousand dollars, and this year, we can do 200 thousand dollars." Huang Ming said that last month's Canton Fair, 60% of the hard order was almost gone.

It is understood that, in general, Hubei textile export enterprises in the Canton Fair, 95% are signed intentional orders, and these orders will be finalized in November signed a contract, but this year, because of abnormal fluctuations in cotton prices, most of the small and medium enterprises more than 60% of the orders have not yet been implemented.

Yesterday, the relevant person in charge of the Wuhan Council of trade promotion revealed that: from the case of issuing the certificate of origin for export, the business of some cotton textile and related export enterprises in Wuhan is indeed affected.