Raw Material Prices Rose &Nbsp; Clothing Enterprises Stock Pressure Increased Sharply.
Data show that cotton futures in Shandong Wei Qiao
market
In April 1st, the price of three grade lint per ton was 28000 yuan / ton, and the quotations in April 20th and 28th were 27500 yuan / ton and 25500 yuan / ton respectively. In May 5th, it fell to 24000 yuan / ton directly from 25000 yuan / ton.
In a month or so, the price of three ton cotton per ton dropped by 4000 yuan.
And in the past crazy
Rise
During the period, the highest price of grade three lint reached 34000 yuan / ton.
Textile raw materials have fallen sharply, and many spinning mills are under tremendous pressure.
clothing
Production enterprises have also been subject to a lot of inventory pressure.
Export-oriented Jin Feida (002239.SZ) is under the pressure of raw material costs.
According to the announcement, the net profit attributable to shareholders of Listed Companies in 2011 1-6 will be 50% to 70% lower than the same period last year.
Kim Feida said that the reason for the change was the rapid rise of cost factors such as domestic fabrics, excipients, exchange rates and employment, and the decline in orders from major customers.
"Even though the price of cotton is beginning to stabilize now, the price is still high, and the profits of the products are seriously compressed," said Kim Feida Securities Division.
Even if the product price is raised, it will not be able to sign the order because the price is too high.
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