Resource Advantages Do Not Reflect The Pricing Advantage. What Is The Pricing Power Of Cotton Products?

A kilo

We are short of pricing power for international commodities.

Akesu, Xinjiang, is the world-famous place for long staple cotton, but the price of cotton depends on the Wall Street's face on the other side of the Pacific Ocean.

China is the largest importer of iron ore in the world, but the profits of hundreds of steel mills nationwide are not as good as those of the three largest iron ore suppliers.

Another example is that as a rare earth exporter, which accounts for nearly 90% of the world's output, the export price in previous years is even cheaper than that in the soil.

Resource advantages do not reflect the advantage of pricing, but because of the vicious competition between enterprises, prices are reduced.

From imports to exports, from oil, iron ore, rare earth to corn, cotton, soybeans, to textile and clothing, electronic products and other manufactured products, the embarrassment of the lack of pricing power has cost our country tens of billions of dollars a year.

A textile foreign trade enterprise official told reporters, now many enterprises are simply raw material processing, enterprise profit is meager.

With the increase of raw material prices and labor costs, the products of enterprises are not obviously irreplaceable, so the price increases become difficult.

"In addition to the industry, we can compete for the global pricing power with the help of the futures market. As long as we have excellent talents and excellent research and development, we can also find the market trend one by one."

Gao Jianbao, general manager of Shenyang Wanguo futures Hangzhou business department, said that the pricing power of foreign commodities was also achieved by the European and American countries through their efforts in the past few hundred years with the help of its mature financial futures market.