Cotton Prices Fell By More Than 40% &Nbsp In Half A Year, While Garment Companies Shouted Against The Trend.
Since March this year, the cotton price that has been on the high side has started a "downhill journey", from 34 thousand yuan / ton to the current 19 thousand yuan / ton, with a drop of 44% in half a year. However, recently, the survey found that despite the drop in cotton prices, the price of cotton spinning as the main raw material remained unchanged and there was even a rise.
Spinning enterprises Too scared to store up goods
"Cotton prices have been falling down, and they don't know when it's the right time." Speaking of cotton prices, Fan Li, a clothing manufacturer in the lake, is a bit depressed.
Cotton prices have risen and textile companies have been crying incessantly. Now that cotton prices are dropping, can they take the opportunity to hoard goods?
"How much do we dare to hoard when cotton prices go up? Now cotton prices have plummeted all the way, but we dare not hoard, store up and lose." Li Lin, director of the operation Department of a textile enterprise in Quanzhou, said that no one knows where the bottom line of cotton price fall is, and the risk of hoarding is too great.
According to another Quanzhou textile enterprise staff, there are several people in Quanzhou who have lost a lot of money because of hoarding. So nowadays few people are so aggressive. Everyone is very careful and pays close attention to cotton prices and other people's movements.
Many clothes are not going up.
Although cotton prices plummeted, the reporters found that the price of cotton spinning as the main raw material was not only calm but also rising.
Reporters noted that when the price of cotton fell, Nike's latest quarterly performance report said that due to the rise in oil prices, labor costs and freight rates, the price of footwear and clothing products would begin to increase in the global market in the spring of 2012. The domestic sportswear giant Li Ning Co also said that due to the increase in wages and raw material costs, it is estimated that the cost will increase by 20% this year and the price of products will increase by two digits. The price of shoes and clothing products of Fujian brand PEAK sports brand has risen by 5% to 10%, and Anta sports shoes and clothing have also increased slightly.
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