Cotton Prices Rise "Contagious" Clothing Industry

　　 "More chemical fibers, less Cotton material "This has become the West. Clothing industry Deal with the "saving" measures of record cotton prices. The surge in cotton prices has begun to spread to the garment industry, and some factories even raise the factory's ex factory price by 30%.

Reports say that bad weather has greatly affected the cotton producing areas such as China, Hong Kong and China. International cotton Prices have surged 80% since June. The rise in cotton prices has been "contagious" to the price of the garment market. Many garment manufacturers in Europe and the United States have started patiently looking for cheaper lines or mixed materials to make garments. At the Sears mall in the United States, jeans manufacturers admit that prices will have to rise and will continue to rise in the coming year.

Is the rise in clothing prices because of the rise in cotton prices and the rise in cotton prices just because of the "bad weather" in the global cotton producing areas? Mark Stephens, an independent economist of the United States, said that in addition to market supply and demand, the depreciation of the US dollar is also regarded as the "behind the scenes" cause of cotton and clothing selling more and more expensive. 3, the US dollar recently depreciated by 7%, pushing the price of cotton futures delivered by the Intercontinental Exchange in December to $1.3598 a pound, a record high since the Civil War era. China's cotton futures price also jumped to a high level of 29520 yuan per ton in November 3rd, continuing to refresh its history for 3 consecutive days.