Cotton Price "Stumbling" Cotton Production 80% Cotton Can Not Sell

"21500 yuan / ton!" the day before yesterday, when Hong Tiangai, chairman of Fujian Hongyuan Textile Group, reported the price of lint to Xu Leiming, general manager of Jiangxi, Jiujiang and Pengze's thunderbolt cotton industry, Xu Leiming said that the price was 10 thousand yuan lower than the highest price of 31500 yuan / ton sold this year.

Even so, Xu Leiming dared not refuse.

In a week, lint prices will be even lower.

"At present, the whole Pengze is unsalable.

Reluctantly sell

On the afternoon of June 29th, cotton trading center of Pengze County, Jiangxi.

Shi Jinzhou stood in front of the office window and watched a ton of cotton on the truck.

The joy is through the relationship, he finally put the backlog of lint sales out; sad is that every sale of a ton, it will lose 4000 yuan.

A total of 50 tons were sold and a loss of 200 thousand yuan.

"This is the previous one.

Many cotton traders say they can at least sell their products at such a price and know their losses.

Most importantly, at this price, no one comes to cotton. "The longer the time is, the higher the cost is. It is certain that there will be more and more losses."

In 2010, he lived in Ma Zhen, Pengze county.

"At that time, I did not want to sell, because the online sale was fierce, and the sale price of lint was expected to rise to 30 thousand yuan / ton."

According to Zhan Youcheng, until now, many acquirers offer 20000 yuan ~21000 yuan per ton.

Zhan Yu Cheng said he was worried that the 220 tons of lint in stock could not be sold, plus interest on the bank, a loss of 8000 yuan per ton, a total loss of about 1600000 yuan.

Helpless waiting

"This is not only the national market, but also the world market."

Shi Jinzhou told the daily economic news reporter that not long ago, he participated in an international conference with the general manager of Pengze cotton trading center. Cotton experts and businessmen from all over the world sent the same message: with the shortage of funds, the demand for textile industry has declined rapidly, and lint cotton is generally unsalable.

Pengze is the national high quality cotton base county.

In 2010, the county planted 235 thousand mu of cotton, 470 thousand tons of seed cotton, 24 thousand tons of lint cotton, and 35 cotton ginning plants in the county.

Xu Leiming's thunder cotton industry has 3000 tons of lint output and is the largest lint operator in Jiangxi.

He said that 2200 tons had been sold before, only 800 tons were unsalable, and the loss was about 4000000 yuan.

"At this time last year, the county's lint sales were over 90%."

Xu Leiming said that new cotton would be coming out immediately, and the sale of lint cotton has come to an end this time.

Xu Leiming said that up to now, 80% of the lint cotton in the county has not been sold, and this part of lint has at least 18000 tons, with a loss of 5000 yuan per ton, plus the loss of previous losses, the loss of cotton merchants in the county is over 100 million yuan.

Textile industry downturn

Not only is the price of cotton, but the entire textile industry is at a low ebb.

According to Hong Tiangai, chairman of Fujian Hongyuan Textile Group Co., Ltd., the current order is 80% less than that of the same period last year.

"The shortage of funds, the rising cost of labor, the pfer of orders and so on are all the reasons for the decline in performance."

Hong Tiangai said, now they are afraid to reserve lint, "the whole textile industry is depressed, even worse than the financial crisis."