Dalian Cotton Prices Plunged Sharply &Nbsp, A Weekly Decline Of More Than 20%

According to Jiang Guangmao, Secretary General of Dalian Textile Industry Association, the current cotton price reduction is mainly caused by the relevant regulatory policies recently promulgated by the state.

"Recently, the State Council issued a" state 16 "to stabilize prices, and only one or two days after the policy came out, cotton prices on the market fell down.

Jiang Guangmao said that in addition, some of the hot money began selling and hoarding goods, and also accelerated the pace of lower cotton prices.

Since the beginning of this year, cotton price has been affected by factors such as cotton production reduction and hot money speculation.

In January this year, the standard cotton per ton was only 13 thousand yuan ~1.4 million yuan; in September, every ton had risen to 24 thousand yuan; by November, it was more than 30 thousand yuan per ton, compared with the 13 thousand yuan per ton in the same period last year, it rose by more than 130%, setting the highest point of the standard cotton price.

Current standards

High cotton prices have a huge impact on the textile industry.

"According to the current 23 thousand yuan per ton cotton standard, when the end product is not rising, the production of cotton yarn is at a loss, so now many textile enterprises do not use cotton as raw material in principle."

Jiang Guangmao said that only when the price of standard cotton returned to 13 thousand yuan ~1.4 yuan per ton, will the textile enterprises have a certain profit margin.

Regarding the trend of cotton prices in the future, Jiang Guangmao believes that the trend of cotton prices is closely related to the regulation and control of the country. If the relevant policies can not be maintained and implemented, cotton prices will continue to rise.