Cotton Prices Fell And Stock Clothing Prices Remained Strong.

Cotton futures

Prices have been in a downward channel.

Cotton futures contract CF1111 fell from 31625 yuan / ton in February this year to 19960 yuan / ton in early August. It closed at 20670 yuan / ton yesterday, and a 34.6% decline in half a year.

As the downstream product of cotton, the price of cotton yarn has dropped by more than 30%.

According to the data provided by Dezhou Cotton Industry Association, in August, the mainstream price of 21 pure cotton yarn was around 25800 yuan / ton, 32 cotton yarn at 27000 yuan / ton, and 40 cotton yarn at 28400 yuan / ton, all of which fell 1400 yuan / ton compared with the beginning of the month, which was 13000 yuan / ton lower than the highest price at the beginning of March this year.

cotton

According to the present price, it will cost 7 yuan to make a piece of clothing. "

Mr. Feng, who runs a textile enterprise in Shaoxing, said he was also the victim of high price cotton last year. Last year, when cotton prices were rising at a price every day, they used productive funds to store enough cotton for two years.

Who knows cotton yarn has not yet arrived in the factory, cotton prices began to turn down.

"The cost of cotton spinning is not enough for cotton yarn, but it costs a few yuan to sell a metre. If you don't sell it next month, you will still fall. No one knows when it will fall."

Mr. Feng said that the consumption of these high priced cotton would be better than that in the factory.

Mr Fung said that as the basic raw material of the textile industry, cotton prices have lagged effect. Since last year, besides the cotton, wages, marketing and other expenses have also increased a lot, which makes the factory's factory price not falling down.

Export trade

Garment enterprises have also encountered embarrassment in making money this year.

"Now the list is available, but we dare not take it. Look at the trend of cotton."

The manager of the enterprise, Xie manager, told reporters that the general profit margin of clothing foreign trade orders is now around 5%. If the cotton price fluctuates again, plus the appreciation of the renminbi, it may lose money.