Cotton Prices Rise, Season Autumn Clothes Quietly Raise Prices

Zheng cotton hit the highest price in the market

20725 yuan / ton, yesterday's zhengmian main contract 1011 was sealed up on a daily limit with a 4.02% increase.

In the recent month, Zheng cotton's rise was crazy. In the last 20 trading days, Zheng cotton picked up 17 times, and rose more than 20% in just a month.

"The rising price of cotton has been mainly influenced by domestic and foreign joint efforts."

Mr. Teng, an agricultural product analyst at Ruida futures, said yesterday that from the domestic perspective, the reduction of cotton stocks in the State Reserve and the reduction of cotton production caused by natural disasters are the main factors that affect the cotton prices going up. From abroad, the cotton export market continues to rise due to the flood reduction in Pakistan, the main producer of cotton, and the Levy of taxes on cotton exports in India, another major producer.

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Xiamen cotton and cotton enterprises are not afraid

As the cotton prices rose steadily, the reporter found that the price of cotton and cotton downstream products in Xiamen market is also rising.

"The 229 grade lint was less than 13000 yuan / ton last year. How much do you guess now? 19000 yuan per ton! Nearly 50%!"

Li, manager of a cotton textile enterprise in Xiamen, said that cotton prices and yarn prices in Xiamen have been rising since last year, and cotton prices have also been rising recently along with the frenzied rise in cotton prices.

"In a few days, the price will be adjusted once, and the price adjustment is at least a few hundred dollars at a time."

However, although cotton prices have risen, most cotton companies are happy to see that, "cotton is rising, and the price of our factory will be raised immediately and more flexibly, but the finished products will be more troublesome, they are doing terminal, and the price can not be adjusted flexibly".

Brand autumn dress raises prices one after another

With the increase of cost, the price of some brand clothing has begun to go higher.

In the semi annual report of XTEP, the average selling price of its footwear products increased by 6.6%, while the average selling price of clothing products which were more seriously affected by the price of raw materials increased by 13.9%, an increase of more than twice that of footwear.

The price increase of Anta and Lining is exactly the same: the average selling price of shoes this year increased by 2%, while the price of clothing products increased by 7.1%. The Li Ning Co announced that the average retail price of footwear products increased by 7.8% in the fourth quarter of this year, and the retail price of clothing products increased by 17.9%.

Some experts pointed out that the increase in autumn clothing is only a comma, rather than a full stop. "Autumn clothing price is actually a response to the rise in cotton prices in the first half of this year. The recent surge in cotton prices is likely to have a direct impact on the clothing prices of Ming Xia".