Soaring Cotton Prices Drive General Rises In Clothing Prices

From Nanping Street, Qian Bang street to new international trade city of snail Bay, Miss Cheung found wholesale

"At present, the industry thinks that the market outlook is rising, and cotton enterprises and cotton traders are reluctant to sell.

And cotton yarn and other products continue to rise, has been pmitted to cotton and other enterprises.

Despite the recent rise in cotton prices, materials companies are afraid to rush to stockpile, and the whole industry has a strong wait-and-see sentiment.

Big business wholesale cloth market operators Lee boss told reporters.

In the market, not only the brand clothing prices are rising, but also in the new snail Bay International Trade City southeast Asia mall B block, which runs the fashion store of Japan and Korea, said: "at present, the new batch of goods in store is the first batch from Guangzhou after the festival, which has risen 20%~30% compared with the spring clothes listed last year."

In the blocks of Qian Bang street, cultural lanes and other clothing shops, reporters interviewed many shopkeepers told reporters that in the retail market, less than 100 yuan last year can buy a good cotton T, this year is unlikely, many high quality cotton T wholesale price is more than 100 yuan.

Cotton prices rose 30% in half a month.

On the 16 day, the US cotton rose to a new high point, of which cotton futures closed in May and closed at $1.9702 / pound.

Driven by the continuous rise of US cotton and innovation, domestic cotton futures prices continued to rise and record high.

Cotton futures on the Zhengzhou mercantile exchange continued to slightly increase after opening, up to 34870 yuan / ton, a record high and 30% in the most part of the month.

It subsequently dropped, but its position continued to increase.

Cotton prices have also risen to nearly 30 thousand yuan / tonne in the spot market, approaching the high of last November.

Looking at the latest quotations from the first textile network, the lint price in Shandong and Hebei is priced at 31 thousand yuan ~3.3 yuan / ton, which is basically flat with cotton prices in October last year.