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    Cotton Futures Prices Fell 30% &Nbsp In Two Weeks; Clothing Prices Rose.

    2010/11/30 11:11:00 93

    Cotton Futures

      "This year Winter clothes It's really expensive, especially cotton clothes and textiles, which are much more expensive than in previous years. Ms. Wang complained about the shopping mall. However, in an interview recently, the reporter learned that the government has made efforts to stabilize prices, and domestic cotton futures prices have dropped by nearly 30% in the past two weeks. market Analysts believe that the basis of price increases for clothing and other cotton fabrics during the new year and Spring Festival has disappeared.


       In fact, the price rise of cotton textiles this year is quite different. Consumer Have deep experience. In the past year, about 200 yuan for men's cotton clothes, the price of new products is almost 400 yuan this year. "The main reason is that cotton prices have risen too much this year, and the wholesale price we get has nearly doubled in the past year." In the city of Hexi District, free market operators such as cotton fabrics, Ms. Yang told reporters.


    How much cotton prices have gone up this year? As of November 12th, the 328 class cotton quotations were 31281 yuan / ton, up 110% from the beginning of this year. Ms. Yang also told reporters that she entered a shipment once a month, about thirty thousand or forty thousand yuan each time. But because the price rises too fast, and near the new year's day, Spring Festival and other peak consumption, she hoarding 100 thousand yuan of goods to cope with the possible rise in prices.


    However, Ms. Yang's expectation has recently been deviant. With the introduction of the national price control policy, cotton prices have gone down sharply, and cotton futures prices have fallen by nearly 30% within two weeks. Cotton futures prices on the Zhengzhou Mercantile Exchange remained at 25200 yuan / ton yesterday, down nearly 30% from the highest in November 10th 33720/ tons. "And in the short term, cotton prices will continue to decline." Sun Xi, a researcher at Yide Futures Research Institute, told reporters: "the director of a cotton yarn mill in Dongguan, Guangdong, has reflected that many textile companies have stopped buying cotton yarns because cotton prices are expected to continue to fall, and cotton mills are facing the pressure of no market."


       A clothing industry told reporters that this year's winter clothing prices are mainly affected by cotton prices, and after this price adjustment, winter clothing in the Spring Festival this year's price increase has no basis. But consumers are unlikely to see a sharp drop in clothing prices as well as cotton prices, because garment manufacturers are also faced with problems such as increased labor costs and appreciation of the renminbi.

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