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Cotton Price Increases &Nbsp; Downstream Businesses Are Hard To Bear.

2010/10/29 10:56:00 44

A shirt actually costs 300 yuan.

brand

Compared with the same period last year, it has risen by more than 20%. "Look at the price tag," Mrs Liu was surprised.

In October 17th, the temperature in Fuzhou dropped to the lowest since autumn. I found that many supermarkets in Fuzhou

Clothing department

The most popular, but the price is much higher than the same period last year, bedding and other cotton products prices also rose.

"From last October to now, domestic cotton prices have risen to the highest level in 10 years."

Lin manager, who is responsible for clothing purchasing in a supermarket chain in Fuzhou, told the author that domestic and foreign cotton prices have continued to soar, and the cost pressure has been pmitted to yarn, cloth, clothing production and other processing links.

To cope with the rise in cotton prices, many brands of clothing

enterprise

The price increase has been chosen.

The semi annual report released by XTEP shows that the average selling price of clothing products has increased by 13.9%, and Anta's earnings report also shows that the price of clothing products has increased by 7.1%.

Some extensive small and medium-sized textile enterprises are facing the exit situation.

Cotton price change "unexpected"

For the soaring price of cotton this year, Chen Cangsong, vice president of Quanzhou textile and Garment Association and vice president of Hongyuan Group of Fujian, summed up four words "unexpected".

In September 27th, China's cotton price index exceeded 210 million yuan mark, reaching 21255 yuan / ton, a sharp rise of 600 yuan compared with the previous day, and once again refreshed cotton prices in 10 years.

In Chen Cangsong's view, cotton prices rose from 8000 yuan per ton in 2008 to a huge increase in the first half of this year.

It is understood that in the second half of the year, the domestic cotton price has a short callback, and the callback from July to the end of August lasted for one and a half months.

What surprised many textile and garment enterprises was that cotton prices rose again rapidly from September 2nd, and the rate of increase was much faster than before.

In late September, cotton prices in China rose at a price of several hundred yuan a day, which took only half a month, and the increase was over 2800 yuan / ton.

Cotton prices rose by more than 30% in September.

"In domestic terms, cotton production has dropped by about 16% last year, but the demand for enterprises is still strong, coupled with rumors that the international cotton business has acquired domestic cotton and the emergence of some cotton speculators. These factors have consolidated the continuous rise in cotton prices."

A person familiar with the clothing industry in Quanzhou told the author.