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Clothing Companies Sharply Raise Export Quotes To Resist Cotton Price Shocks

2010/11/4 14:44:00 48

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It is reported that in just two months, the domestic standard cotton
現貨價格從9月的1.8萬元/噸大幅上漲到11月的2.8萬元/噸。瘋狂棉價的沖擊下，中國服裝出口商們正試圖大幅上調出口報價。在秋交會上的訂單報價普遍同比上調了30%左右，個別產品提價幅度甚至高達40%。

Li Xuerong, a senior researcher at CIC, pointed out that the rise in cotton prices will inevitably be pmitted to downstream industries such as cotton yarn, cotton, cotton products, clothing and home textiles.

It can be seen from the semi annual report that the most direct spinning enterprises in the industrial chain have become the biggest winners. Many enterprises have doubled their gross profits, while the most downstream garment companies have seen little increase in prices, some of them are almost at a loss, and many enterprises are losing money.

The sharp price adjustment of the autumn order garment orders is a strong response to the crazy rise in cotton prices, although it may lead to a reduction in orders, but it will help improve the gross profit margin and future performance of garment processing enterprises.

Li Xuerong further pointed out that the price increase of processing textile enterprises is reasonable.

The signing period of textile enterprises often ranges from one month to one year.

When considering contracts with customers, the main consideration of enterprises is the price of raw materials at that time. Because of the rising cost, the appreciation of the renminbi and the expectation of inflation have brought a lot of uncertainty to the enterprises, resulting in increased risks and enterprises cautious.

Not only that, the early profitable cotton yarn enterprises are also beginning to worry that these enterprises will also run out of cheap cotton before purchase. Raw materials are high in stock, but yarn prices are hard to support effectively. The industry chain is difficult to pmit. Is it worth worrying about whether the cotton spinning enterprises can maintain the current profit margin in the second half of the year?

And the reason why cotton prices are rising crazily,

Li Xue Rong

It is pointed out that in September 26th, the relevant state departments continued to put 400 thousand tons of cotton reserves through auction to try to stabilize cotton prices, but did not show much effect. In October, cotton prices continued to sing all the way.

The reason behind the high cotton prices is relatively complex. The expansion of demand is on the one hand. The superposition of many factors, such as the reduction of output caused by weather disasters, market speculation forces, appreciation of the renminbi, CPI expectations, malpractice of cotton import system, difficulties in Sinop cotton pportation and India cotton once embargo, will eventually lead to a sustained rise in cotton prices.

2010-2015 year China released by CIC

棉花市場投資分析及前景預測報告》顯示，目前一些預測數據顯示，2010/2011年度國際棉花產量總體有較大增長。但據美國農業部10月初發布的報告預測，2010年/2011年度，全球棉花缺口為89萬噸。綜合考慮未來棉花需求、種植成本的提高、市場炒作以及自然災害等眾多因素影響，未來棉價很難得到大幅回落，很可能延續高位運行。