China's Commodity Prices Cause Shortages And Prices In Australia

　　 According to the Australian China business network, recently, China's textile production department has torn up orders for textile products with Australian retailers, which will result in shortages and rising prices in Australia.

Chinese manufacturers give priority to retail giants in the US and Europe, and to satisfy China. domestic market Demand for Australia has been placed at the bottom of the customer base. The unprecedented impact of textile products will lead to shortages and price increases in Australia after Christmas.

Inventory shortages have worsened over the past two weeks, as Chinese speculators hoarded raw materials such as cotton, resulting in a doubling of prices in the past year.

PillowTalk, a daily consumer product from China, said China's long term Supplier Last week, we began to abandon orders, indicating that we had to supply the largest customers and China's domestic demand first, which has greatly affected the prices and sources of goods in Australia.

KillarneyLinen, an Australian wholesale company, said that Chinese factories asked for a 26% rise in the price of contracts signed several months ago, and the delivery time was extended from 6 weeks to 6 months.

LinenHouse, which supplies Chinese made textiles to major retail chains in Australia, says that Chinese factories require that they be available. Order The price is up 10%.

Jones, chairman of the MichaelJones, said that at the end of last month when he visited China's largest Shaoxing Textile Expo, Chinese manufacturers said they were running at full capacity. This is due to the fact that 25 million to 30 million workers were laid off during the global financial crisis, and the Chinese government vigorously promoted domestic consumption and reduced reliance on exports. As China tried to maintain large orders in Europe and the United States, Australia, which had relatively small orders, became the first country to be affected.