Dynamic Display Of Cotton Market Today

2010/10/11 13:13:00 35

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Cotton prices soared nearly 40% a month, quota reform is imperative.

At present, the new cotton market has just arrived in Chongqing.

Home textiles

The head of the weaving enterprise told the China Industrial and Commercial Times reporter: Taking "329 cotton" as an example, the paction price has been close to 25 thousand yuan / ton.

Cotton price

Fall back to work again. "

Cotton prices continue to rise after the holiday, and products adjust opportunities?

Cotton prices in October 9th

index

It was 22865 yuan / ton, more than 300 yuan / ton on the first day after the national day.

Compared with the 18002 yuan / ton in early September, the increase has exceeded 20%.

And a ton.

standard

Cotton prices also soared from around 8000 yuan in September last year to more than 20000 yuan, which has increased 1.5 times in one year.

Chinese demand stimulates cotton futures trading in New York

The report also lowered China's 2010-11 year production forecast by 1 million to 31 million 500 thousand bales.

China is the largest cotton producing country and consumer country in the world.

Earlier this year, heavy rain in China was not conducive to cotton production.

Cotton price

Lattice keeps improving because

market

China's demand is expected to expand.

Textile profits in the first three quarters were not affected by rising cotton prices.

In October 9th, Ms. Chen, a securities affairs representative of the seven wolf industrial Limited by Share Ltd (002029.SZ), said in a telephone interview with reporters that

Material Science

(cotton) price

Rise

Did not affect the company's profit growth.

Expected first three quarters of the company

Net profit

It will grow by 20%-40% over the same period.