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Breaking 30,000 mark in cotton prices will be more money to buy clothes
2011-03-19 09:30:16
 

"Tens of hundred dollars on a jacket, can not afford to buy." Reflection of many people after the Spring Festival cotton all the way up to a maximum price of 33,000 yuan per tonne, the clothes store prices have gone up, broad based, about two percent. Qingdao Textile Holding Group Co., Ltd. Trade Union deputy general manager of the Housing Division Yan told reporters, in response to high cotton prices, many textile companies looking for Castle and other alternatives multifunctional fiber to ease the cost pressures.

Cotton back 3 million mark

"From the beginning of this year in January, prices have come down in the cotton price increase rally in March, he returned to 30,000 yuan / ton price." Shandong Oriental International Trading Co., Ltd. Jia Shao Bin, general manager, said.

According to reports, by 2010, cotton prices have been relatively stable operation, but the beginning of 2010, cotton prices began to rise all the way to mid-November 2010 and reached a record 33,000 yuan / ton, compared with the same period rose nearly twice as much. Especially from mid-September 2010 to 11 early April, less than two months, domestic cotton prices soared to the 33,000 yuan to 18,200 yuan, or 72%.

Since then the state has adopted regulatory policies, cotton prices began to fall, into December, has been hovering around 26,000 yuan / ton. But the price is not stable long into the 2011 cotton prices began to rebound, especially in cotton prices after the Spring Festival is all the way up to a maximum, Shandong, Hebei and other places priced at 33,000 yuan of lint / ton, the same two months rose 30%. Shao Bin Jia introduced cotton prices also led directly to clothing, textiles, prices, increasing the cost of textile enterprises Castle.

Clothing prices 20% broad based

"This year, the price can really see your clothes, especially in the cotton, all six or seven hundred dollars a jacket, a shirt but also three or four hundred dollars." Alan people go shopping for clothes, only to find this year's Clothes prices are generally expensive side.

March 17 morning, reporters visited several stores to see, although the clothing and textiles, which are price concessions, but the price is still high, "this year, the price really expensive clothes, the clothes we have here is relatively cheaper, was not too up more. "RT-Mart supermarket in Ningxia Road, staff said. Some stores in Hong Kong Middle Road, the price of cotton clothing are a few hundred dollars or so.

Qingdao textile companies to find alternatives grief

Alliance Holdings Group Co., Ltd. Qingdao Textile Trade Division, deputy general manager of the Housing Yanjie Shao, because the rise in cotton prices, cost pressures increasing, the end result can only be end prices, "all of the prices of textile companies products , our products up 20% compared to last year or so. "room Yanjie Shao, who has developed a multi-functional fiber instead of rising cotton prices.

It is understood that the rising price of cotton, textile and garment enterprises Castle increasing pressure to control costs, many companies use synthetic raw materials such as polyester staple cotton as a substitute to ease the cost pressure brought. The hair, red polyester and other large and medium textile enterprises intensify efforts to develop and transition speed, developed a chitin fiber alternatives. According to the test, Qingdao and other places in the cotton textile and fiber ratio has reached 5:5. Many respondents said that the widespread use of alternative fibers also led to rising prices of raw materials, or from a few hundred to a thousand dollars per ton range.

Forecast

Cotton price trend is still very "complex"

Why is cotton all the way up? According to Jia Shao Bin analysis, demand and supply is the main reason, "Cotton is still in short supply now, which is now the main drivers of cotton prices." Jia Shao Bin said. It is understood that, compared with 2008, 2009, 1240 Chinese mu of cotton acreage reduction. National Bureau of Statistics, 2009, raw cotton supply and demand difference 2.69 million tons, while in 2010 a difference of 6.26 million tons, 3.57 million tons higher than 2009, the cotton gap obvious. But with the resumption of exports of textile and garment industry, increasing demand for cotton.

"In addition to supply and demand imbalances, fueled inflation, and hot money are the causes of the rising cotton prices." Jia Shao Bin said. For this year's trend of cotton prices, many analysts say the bullish.

"Recently, unrest in the Middle East and Japan by the earthquake, cotton prices have been falling trend. But now the prices can not say, is more complicated." Bin Shao Jia said. According to industry analysts, this year's prices have showed a rising trend, but it will not rise a lot, "do not pull up and downstream products, cotton is not the phenomenon longer spikes." Jia Shao Bin said. Text / Chart reporter Chang Xuguang


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