“It was almost the end of the year and the pressure on stocks was still very high. We could only wait and see what changed.†Recently, when reporters interviewed the Qingqing Raw Materials Market of China Textile City, many cotton yarn business operators complained to the reporter that the time was eight months. The price of domestic cotton prices dropped from 31,940 yuan/ton in March to 19,500 yuan/ton. The price of cotton yarn has been falling all the way. Sales volume has been shrinking rapidly, and the inventory pressure of many business households has gradually increased.
Due to the decrease in export orders and the sluggish downstream consumption, yarn prices continued to fall. The reporter recently learned that Qianqing market 32s cotton yarn is currently quoted at around 25,500 to 26,000 yuan per ton for the mainstream, which has fallen by 8,000 yuan/ton from the beginning of the year. The current mainstream quotation for 40s all-cotton yarn is about 27,000 to 2,750 yuan/ton, the highest. When sold to 48,000 yuan / ton.
Since 2009, domestic cotton prices have been rising rapidly. However, the price of cotton this year has been unusual, and it has been "dragging" since the beginning of the year. According to the commercial forecasting monitoring of the Ministry of Commerce, on January 23, 2009, the price of domestic cotton ** was at 11,550 yuan/ton. Since then, prices have gone all the way up to March 31, 2011 and rose to 31,940 yuan/ton. Subsequently, the price of cotton began to fall. By November 11, 2011, the price of cotton fell to 19,500 yuan/ton, and cotton prices fell by nearly 40%.
Many business households told reporters that the sharp increase in domestic cotton prices in 2010 was due to the impact of production cuts. In addition, hot money speculation was also one of the culprits. This year's domestic cotton prices fell mainly due to the impact of the European and American economies, the reduction in domestic textile companies' orders, and the purchasers' pressure to lower purchase prices. In addition, the early rise in cotton prices also led to difficulties in digestion of downstream industries and forced the price of cotton down.
The reporter found that at the moment, 100% cotton fabrics that once dominated the market were replaced by an endless variety of chemical fiber fabrics. Why are fewer and fewer cotton fabrics on the market? Some business households in China Textile City told reporters that chemical fiber fabrics are much lower in price than pure cotton fabrics. It is understood that the current market price of cotton fabrics in more than 20 yuan / m, the quality of good chemical fiber fabrics are generally 15 yuan / meter. Analysts inside the industry said that due to the limited land resources and the increased risk of growing cotton, the future of chemical fiber fabrics is likely to become the main apparel fabrics.
Due to the decrease in export orders and the sluggish downstream consumption, yarn prices continued to fall. The reporter recently learned that Qianqing market 32s cotton yarn is currently quoted at around 25,500 to 26,000 yuan per ton for the mainstream, which has fallen by 8,000 yuan/ton from the beginning of the year. The current mainstream quotation for 40s all-cotton yarn is about 27,000 to 2,750 yuan/ton, the highest. When sold to 48,000 yuan / ton.
Since 2009, domestic cotton prices have been rising rapidly. However, the price of cotton this year has been unusual, and it has been "dragging" since the beginning of the year. According to the commercial forecasting monitoring of the Ministry of Commerce, on January 23, 2009, the price of domestic cotton ** was at 11,550 yuan/ton. Since then, prices have gone all the way up to March 31, 2011 and rose to 31,940 yuan/ton. Subsequently, the price of cotton began to fall. By November 11, 2011, the price of cotton fell to 19,500 yuan/ton, and cotton prices fell by nearly 40%.
Many business households told reporters that the sharp increase in domestic cotton prices in 2010 was due to the impact of production cuts. In addition, hot money speculation was also one of the culprits. This year's domestic cotton prices fell mainly due to the impact of the European and American economies, the reduction in domestic textile companies' orders, and the purchasers' pressure to lower purchase prices. In addition, the early rise in cotton prices also led to difficulties in digestion of downstream industries and forced the price of cotton down.
The reporter found that at the moment, 100% cotton fabrics that once dominated the market were replaced by an endless variety of chemical fiber fabrics. Why are fewer and fewer cotton fabrics on the market? Some business households in China Textile City told reporters that chemical fiber fabrics are much lower in price than pure cotton fabrics. It is understood that the current market price of cotton fabrics in more than 20 yuan / m, the quality of good chemical fiber fabrics are generally 15 yuan / meter. Analysts inside the industry said that due to the limited land resources and the increased risk of growing cotton, the future of chemical fiber fabrics is likely to become the main apparel fabrics.
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