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The Long Price Of Cotton Is Worrying For Textile Enterprises.

2010/7/9 10:57:00 129

Cotton prices continue to rise this year, and now it seems that there is no "U-turn" meaning, which makes the domestic cotton textile enterprises generally reflect the difficulty of buying cotton and pporting cotton.

The latest situation is that a number of cotton spinning enterprises have gone to Xinjiang to build factories, and have been working with local companies.

Cotton grower

Signed a 7.2 yuan / kg guaranteed purchase price, ready to purchase new cotton when listed.

Vice president of China Textile Industry Association, China

Cotton spinning

Xu Wenying, President of the industry association, said that cotton prices began to increase since October last year, and reached 14833 yuan / ton by the end of last year.

As of June 30th this year, the domestic 328 cotton spot index was 18309 yuan / ton, up 42.6% over the same period last year.

"At present, the trend of cotton rising is still continuing, and each ton has increased by more than 8000 yuan from the beginning of last year."

Cotton price

Rise

It's not scary. What worries cotton mills is whether they will have money or buy Cotton in the future.

There are at least three reasons for the rise in cotton prices: first, the surge in foreign orders this year stimulated the demand for cotton by textile companies, while domestic cotton production is decreasing.

Secondly, the decline of world cotton production has a direct impact on the import of cotton by domestic cotton textile enterprises.

It is understood that India has restricted exports because of its lack of cotton.

Finally, middlemen maliciously hoarded and drove up prices.

Because of the state's suppression of the property market, some hot money has been converted to cotton.

The continuous rise of cotton prices is likely to bring greater pressure to the cotton textile enterprises that have just slowed down.

In response, experts in the industry called on the departments concerned to adjust the sliding tax of cotton imports and unify the value-added tax from the purchase of cotton and the value-added tax, so as to solve the problem of "high tax and low deduction" of cotton value-added tax.