Experts: Enterprises Are Alert To The Danger Of Soaring Cotton Prices

Cotton prices continued to rise after much attention. Following the last week's cotton futures price rose nearly 10%, on the 27 day, all kinds of cotton futures prices in Zhengzhou business hit a new high, of which, in May next year, delivery of cotton futures broke through a breakthrough of 22 thousand yuan per ton.

Previously, 25 cotton nationwide Trading market The average contract price of electronic matching spanactions increased substantially compared with the pre holiday period, of which the average contract price in October reached 21 thousand and 500 yuan per ton, up 8% compared with the pre holiday period; 26, the national cotton. Trading Center The average price of all kinds of cotton contracts increased by about 4% compared with the previous day.

At the same time, China cotton reserve management corporation continued two days after the holiday (25, 26). Sell off Reserve cotton, selling more than 20 thousand tons a day, prices continue to maintain a rapid rise before the festival, of which 25 cotton reserve per ton increased by 1747 yuan before the holiday, the biggest increase this year.

In fact, cotton prices have started to rise since August. Taking reserve cotton as an example, the average spanaction price has risen from less than 17 thousand yuan per tonne in the middle of August to more than 22 thousand yuan per ton at present. Since mid September, the average price has increased rapidly. The standard price of cotton per ton of cotton has increased by 927 yuan, 900 yuan, 636 yuan and 1747 yuan in the last 4 trading days compared with the previous day.

Zhang Bin, an analyst of state textile securities, which keeps track of cotton textile industry, pointed out that this year's funds not only involved in cotton speculation in the past years are still in existence, but also new funds have been added. Obviously, some funds have been stockpiling goods through the spot market, and have gained huge profits in the futures market. "Under the so-called market expectations and capital participation, the soaring cotton prices become inevitable."

Many people in the industry interviewed in an interview pointed out that cotton price inflation is harmful and not worth a profit.

On the one hand, if cotton prices go up further, the upward pressure will soon be spanmitted to the downstream textile and garment industry. The rise in clothing prices is inevitable. On the other hand, if the cotton price rises sharply after a sharp decline, the harm is even more difficult to predict. Before the cotton price stabilizes, the efficiency of cotton spinning enterprises is likely to decrease significantly.

Zhang Bin said that cotton already has certain financial attributes, and its role in promoting its price is huge. Considering that a large number of new cotton will not be available until mid 10, "cotton prices continue to be crazy."