Cotton Import Price Rises &Nbsp All The Way; Textile Industry Price Pressure Highlights.

2010/8/19 11:25:00 33

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Cotton Textile Industry

According to customs statistics, the import of Shandong port in the first 7 months

cotton

739 thousand tons, worth 1 billion 310 million US dollars, up 65.1% and 1.3 times respectively compared with the same period last year.

The average monthly import price of cotton has gone all the way this year. Following the breakthrough of 1800 US dollars / ton mark in June, it rose to a record high of 1912 US dollars / ton in July, up 44.1% from the same period last year, and once again refreshed the highest level since January 2003.

According to Longkou customs related staff analysis, the main reason for the increase in cotton imports at Shandong port in the first 7 months is that the growth momentum of the textile industry is good and the domestic supply gap of cotton is expanding.

In the first half of the year, China's textile industry maintained a relatively fast growth rate, accumulatively spinning 12 million 700 thousand tons, an increase of 16.9% over the same period. Meanwhile, the export garments and accessories 53 billion 230 million dollars, an increase of 16% over the same period last year.

At the same time, cotton production decreased by 14.6% last year.

supply

Tightened, the domestic cotton supply gap reached 1 million - 1 million 400 thousand tons before the end of August.

The imbalance between supply and demand of cotton in China has intensified, which has led to a significant increase in cotton imports.

In April, the second largest exporter of cotton in the world suspended cotton export registration in April, and further promoted the international market.

Cotton price

Rising rapidly.

Along with the import price of cotton, the rising pressure of textile and clothing prices in the lower reaches is highlighting.

The customs recommends that the relevant enterprises should actively adjust the structure of textile and clothing products, enhance the added value of products and digest the cost pressure; increase the intensity of technological innovation, and introduce new equipment for energy conservation and consumption reduction, so as to reduce the production cost of textile enterprises.