Cotton Prices Rose &Nbsp Day By Day, Clothing Export Enterprises "Stop" Stop Loss

According to China Cotton Association website monitoring data, in September 1st, China's cotton price 328 index was only 18002 yuan / ton, and by November 8th, the index has soared to 28891 yuan / ton, and the increase has reached 60.49%.

Mao Xiahua, director of the trade management department of Shanghai Pegasus import and Export Co., Ltd., told reporters yesterday that the two days had ceased.

"From the coming days of the Canton Fair, the price negotiations between some of our clients and customers are not enough.

The price of a cotton yarn used in our clothing yesterday increased by more than 1000 yuan, breaking through 50 thousand yuan / ton.

According to the rising speed of raw materials, a single order is sure to lose money, so simply stop taking orders to see whether the country can let cotton prices down.

Mao Xiahua reflected.

Zhong Haosen, assistant general manager of Guangdong textiles import and export Limited by Share Ltd, also said that one yard denim was up 0.4 yuan in the day before yesterday. The cost of a pair of jeans was calculated by 1.5 yards, which would increase the cost of 0.6 yuan. The fabric factory offered one price per day, which bought 50 tons of cotton yarn yesterday and locked the price of raw materials in cash. According to the current situation, clothing export orders are difficult to carry out, and next year exports will definitely fall.

Zhong Haosen said that the price of cotton yarn is still rising. The 32S cotton yarn used in the denim of this enterprise has risen from 19 thousand yuan / ton this year to 38 thousand yuan / ton now, especially in September, it has accelerated about 50%, and the price of jeans is 5%.

Some denim has risen to 18.8 yuan / yards, and all of these cotton jeans have been basically stopped. Orders can only be made from some cotton and polyester fabrics.

Chinese textile and garment enterprises generally reflect that the current unemployment rate in Europe and the United States is high, thus affecting the terminal sales situation of the European and American clothing market, which is not satisfactory. It is more and more sensitive to the price. The cost of raw materials rising is hard to pass on to buyers.

In November 5th, the European Union statistics bureau announced that in September, the total retail sales in the euro area and the EU dropped by 0.2% and 0.1% respectively compared with the previous month.

According to the statistics released by the US statistics bureau, sales of clothing and clothing stores in the United States in September 2010 were 18 billion 120 million US dollars, down 0.2% from the same month, an increase of 3.2% over the same period last year.

The total sales volume of the comprehensive store is 50 billion 940 million US dollars, which is flat compared with last month, up 2.6% over the same period last year.

The sales volume of department stores was 15 billion 490 million US dollars, down 0.1%, down 0.8% from the same period last year.

First textile network analyst Wang Qian pointed out that China's textile and clothing exports remained stable growth over the same period last year, but exports dropped by more than 10% in October compared with the negative growth in September.

Wang Qian analysis, the impact of raw material prices on exports is lagging behind, the export data is now the order two or three months ago, when the cotton price rise is not so large, now clothing export enterprises cost pressure has reached the limit, even if there is a rise in prices, profits are also shrinking, next year's first quarter export situation should not be optimistic. If clothing exports fell, maybe forced cotton prices to cool down.