Cotton Prices Are Still High, And Many Manufacturers Are Still Feeling The Pressure.

"Cotton prices are indeed decreasing over the past two days, but the drop of a few hundred tons per ton is still too weak compared with the increase of 1000 yuan per ton before. Now many manufacturing enterprises in Sichuan are living in dire straits, and some enterprises have to give up many orders." Sichuan province industry association responsible person pointed out yesterday that since the middle of September has been soaring cotton prices temporarily "fever", but because cotton prices are still at a high level, many production enterprises still feel pressure, profits than in previous years shrunk by half.

Industry analysts believe that the recent policy regulation and control efforts continue to increase, tightening monetary policy is expected to increase, commodities continue to face pressure, cotton prices quickly cooled down to rational, is expected to continue to callback in the short term.

Cotton prices begin to fall

Cotton prices, which have been soaring since mid September, are temporarily "down". China Cotton Association released 23 data show that, by the futures market crash and other factors, the Chinese cotton price index fell 474 yuan to 27881 yuan / ton on that day, compared with the high point of 31302 yuan / ton in November 11th, ten days or so dropped 11%.

People in Sichuan Industry Association said yesterday in an interview with Huaxi Metropolis Daily that "cotton prices have been callback in recent years, which is a national strike." market Speculation, macroeconomic regulation and control. From August 10th to October 22nd, the state departments concerned put in 1 million tons of cotton reserves. Besides,

　　 currency Tight expectations also made speculators cautious. Under such circumstances, the domestic cotton market is exhausted, and most enterprises suspend procurement.

Corporate profits still shrank by 5.

The head of the Sichuan Industry Association told the Huaxi Metropolis Daily reporter that although the cotton prices that had been soaring since mid September were temporarily "down", cotton prices are still at a high level, and many production enterprises are still feeling pressure and even afraid to take orders. "The association has more than 400 member enterprises, and nearly 7 or so of member enterprises are greatly affected by the price rise of cotton." The official pointed out that the current rise in cotton prices, coupled with rising costs of dye and labor, has resulted in an increase in factory prices of 3 to 4 per cent. However, in order to stabilize customers, many enterprises have raised their factory price by only about 10%-15%.

Sichuan Xianghe bird Clothing Co., Ltd. is a manufacturer specially tailored for enterprises. Chen Mengqi, chairman of the company, told the Huaxi Metropolis Daily reporter: "every year, the company receives orders for 1 million sets of enterprise tooling, which can create about 5000000 yuan gross profit for the company in a year, but this year, the price of cotton will rise from ten thousand yuan per ton to 30 thousand yuan. enterprise Profits have shrunk by half! "

According to the insiders, at present, with the intensive regulation of domestic regulation, the industry chain has a strong atmosphere from top to bottom. In the short term, the domestic cotton market is facing the pressure of continuing callbacks.