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Zhejiang Wenzhou Needle And Cotton Enterprises Are "Bullish" For Cotton.

2012/3/10 19:04:00 21

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Recently,

India foreign trade manager

(DGFT) issued a statement saying that the export of cotton tax numbers 5201 and 5203 was immediately banned from the announcement, until the government issued further instructions.

India suddenly announced the ban, which led to the Asian cotton market trading in the Asian session and Zheng cotton's rapid pull up. The 1209 contract closed at 22040 yuan per ton, up 280 yuan from last Friday's settlement price, or 1.29%.

Domestic cotton prices have risen, and Wenzhou's needle and cotton enterprises have said that there is no big impact.

"The demand for cotton in the international market is not big this year, and the overall supply is in excess of demand. The price of domestic cotton yarn should not go up."

Wenzhou Kangnai Underwear Co., Ltd. Zhang Wenhu said that although India's ban on cotton exports will have a certain impact on domestic cotton prices, but from the cotton production and supply situation, it should not have much impact.

At present, the raw materials needed for Kangnai underwear are basically domestic.

Cotton prices skyrocketed last year like a roller coaster. "We signed a long-term agreement with several textile mills in Henan this year."

Zhang Wenhu said that after the agreement was reached, no matter how the price of cotton was going up this year, it would be purchased at a good price at the beginning of the year to ensure the stability of the price of raw materials.

Wenzhou Southern bedding accessories

Xie Ancheng, general manager of the limited company, also said that India's ban on cotton exports has no significant impact on enterprises. "We have our own specialized suppliers in the country, and the procurement of raw materials is very stable."

In addition, enterprises are currently storing more cotton yarn, and there will be a process from cotton price fluctuation to cotton yarn and cotton price changes.

"Even if the price of cotton yarn goes up, it will not be too big for us to make brand businesses, and products can be sold at high prices and high prices."

20% of the cotton needed by Zhejiang BFA Lai Garments Co., Ltd. is from abroad, but not India cotton.

The India banned cotton exports, although the enterprise is not affected, but it is bound to affect the cost of raw materials in the entire needle and cotton industry.

Huang Huafei, chairman of the company, said that this year, the overall market situation of the cotton market is not good, but in the end, the price of cotton also depends on supply and demand, and the domestic cotton harvest is still unknown.

Wenzhou Arctic rookie dress

Ni Xueshan, chairman of the limited company, said that India banned cotton exports and the domestic cotton prices rose. This is not a bad thing for Wenzhou's part of the domestic cotton textile enterprises.

Last year, due to weather reasons, Wenzhou needle and cotton enterprises generally stock more, now cotton, cotton yarn, cotton cloth and other prices rise, for these enterprises, the cost of raw materials is relatively saved.

However, for some enterprises which are mainly foreign trade and have accepted foreign trade orders, the rising cotton prices undoubtedly mean that profit margins are squeezed.

"Cotton price rise is a double-edged sword, the key is to see how to grasp the enterprise."

Ni Xueshan said.