Cotton Prices Fell Badly This Summer Cotton Clothing Prices In The Short Term Or Difficult To Callback.

At the end of last year,

Cotton prices fell 20% in two months.

Jiang Junqiang is the owner of Yiwu tengchao textile firm, which manages textile fabrics in the two district of Yiwu integrity.

Yesterday, he told reporters that the price of cotton yarn needed to produce finished products began to fall soon after the Spring Festival.

In the last month and a half, the accumulated volume dropped by four thousand or five thousand yuan per ton.

There are many textile enterprises in Yiwu. The textile and garment industry is one of the leading industries in the region. The price of cotton yarn has attracted much attention.

Jiang Junqiang said that the price of cotton yarn has dropped sharply, resulting from lower cotton prices.

It is reported that the past two months, cotton futures prices continued to decline, down more than 20%.

In some cotton producing areas, the average purchase price of seed cotton dropped to 9 yuan / kg, and the grade difference was less than 8 yuan / kg.

Before the Spring Festival, the purchase price of seed cotton in these areas was as high as 12.5 yuan / kg.

Reporters learned from China's first textile network yesterday that spot cotton began to decline in mid March and increased after mid April.

Up to now, the cotton price index is about 24800 yuan / ton, down 6400 yuan / ton, or more than 20%, compared with 31200 yuan / ton in March 10th.

In the futures market, the Zhengzhou cotton futures main contract (zhengmian 1109) closed for 13 days at 25410 yuan / ton, while in mid March the price remained at 30000 yuan / ton, and the two month decline was nearly 20%.

Cloth prices initially fell

The fall in cotton prices has led to a fall in cloth prices.

Yesterday afternoon, the reporter learned from Yiwu bin Wang zipper professional Street cloth business account, recently, the vast majority of cotton cloth prices have been lowered.

"Compared with last year, the callback rate is quite large."

Mr. Xu said that the cotton cloth in the shop is mainly made of cotton and cotton.

He pointed to a cotton fabric of 2 m 2 m (a weaving) specification. The wholesale price of the product is currently 17~18 yuan / m, compared with the highest 21 yuan ~22 yuan / m in the second half of last year, which dropped 4 yuan / m, or 22%.

Market operators introduced that in the second half of last year, cotton prices rose rapidly, and cotton enterprises benefited from the multiple factors such as inflation, production decline and speculation.

But with the fall in cotton prices, cotton yarn and other textile raw materials prices began to decline, textile enterprises capital turnover pressure reduced.

In fact, since March this year, prices of all kinds of textile raw materials have been on a downward trend.

According to statistics from relevant agencies, in the past two months, the price of polyester, short and sticky short has decreased by 1700 yuan and 5400 yuan per ton respectively, and the price of pure cotton yarn, polyester cotton yarn and cotton yarn has decreased by 5000 yuan, 3500 yuan and 5000 yuan per ton respectively.

In addition, the average price of pure cotton, polyester cotton cloth and cotton cloth decreased by 1 yuan, 0.6 yuan and 1 yuan per metre respectively.

Cotton clothes have not yet fallen in value.

As the production cycle and other factors, cotton, cotton yarn, fabric prices have not yet been pmitted to the retail terminal.

Reporters found that the price of all kinds of cotton clothes on the market in Yiwu this summer may not rise or fall.

"Raw materials are expensive, and the price of cotton clothing this year is one or two higher than that of last year."

A salesperson from a clothing store in North Yiwu Road, a salesperson, said that the products it sells now were ready a few months ago.

From Yiwu International Trade City four district underwear business account, I understand that underwear prices have not dropped significantly.

The reason is that the products listed now are purchased two or three months ago, when yarn prices are still high.

In addition, many businessmen believe that for some textile enterprises that are middle and high grade, the proportion of cloth cost in terminal products is not as large as that of primary product cotton and grey cloth.

Moreover, from cloth to finished garments often takes a long time.

Therefore, the impact of the cotton price reduction on the terminal market is still waiting for some time.