Cotton Prices Hit New Lows In Five Years

Cotton prices have dropped to their lowest level in five years in recent days, after a record high in 2010.

The cotton price for delivery orders in December this year is 49.69 euro cents (62.59 cents) per pound, which only goes back to October 7th of 2009.

China has announced a reduction in imports, and cotton prices have plummeted by 26% compared with last year.

The Commerce Department said a few weeks ago that the market was in full pition.

Huge cotton stocks are sufficient to meet China's demand in the next 4 to 5 years.

Only after this stage can China return to the market and push prices up again.

Don't forget, 2010 shock.

The cotton price crisis is largely attributable to China.

As China expects cotton prices to rise, it buys large quantities of stocks, pushing up cotton prices, while others are looking for the remaining cotton stocks.

For the time being,

One of the obvious consequences of the low position and China's withdrawal from the cotton trading market is that India will be in the market.

Production is catching up with China.

India's cotton output reaches 30 million packs, compared with China's cotton output of 29 million 500 thousand bales this year, while last year's output reached 32 million packs.

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Recently, with the approval of the Ministry of Commerce, the 2014 Sixth China International Fashion hairdressing and hairdressing exhibition, jointly sponsored by the China Light Industry Crafts Import and Export Chamber of Commerce, the Henan Provincial Department of Commerce and the Xuchang municipal government, was held in Zhengzhou.

The exhibition is jointly built by the government and industry. It is the only professional exhibition around the world.

The exhibition has an exhibition area of 10 thousand square meters, a record high, and nearly 500 brand enterprises participate in the exhibition.

The exhibits range from hairdressing, hairdressing, wig and hairdressing to all products and technologies.

In the same period, the summit forum, hairstyle show, master teaching, technology release, technology exchange and other activities were held.

During the exhibition, 20 thousand hair salons, 5000 product agents and 800 overseas buyers visited the exhibition.

Known as the "fashion on the head" of the wig, today is not only an ornament, has become a huge industry.

There are about 200000 employees in hair products, three series, six categories and more than 4000 varieties for the production of human hair, chemical fiber hair and hair sets.

Last year, the national product exports amounted to 2 billion 500 million US dollars and Henan exported US $about 1000000000.

In the Xuchang hair products enterprises, the Rebecca export amounted to more than 200 million US dollars, and over 70 million US dollars were 3 enterprises and over 10 million USD enterprises.

Xuchang has become the world's largest distribution center and export base for hair products, and its products are exported to North America, the European Union, Africa, Southeast Asia and other regions, and its trading partners reach 120 countries and regions, showing an increasing trend every year.