Cotton Prices Have Once Again Become A Heavy Burden For Textile Companies.

How can cotton prices rise so fast in September? Can textile enterprises bear the weight of this cotton price? How can business risk be pushed up? How can enterprises cope with it? In mid September, at the Forum on cotton issues organized by China Cotton Textile Industry Association, representatives from several key enterprises analyzed and exchanged these questions.

The delegates said that the current cotton price has exceeded the affordability of most textile enterprises.

China Cotton Textile Industry Association reminds enterprises to pay close attention to the change of cotton production and textile situation at home and abroad, dispassionate analysis, rational response, do not follow the trend of speculation, and guard against operational risks.

According to the general rule, the price rise of cotton will drive the price of gauze to rise, and then drive it up.

At present, with the shortage of cotton and high cotton prices,

In fact, textile enterprises are facing not only the rise in cotton prices but also the shortage of cotton supply in the next stage.

Therefore, the state should establish a long-term cotton strategy, build a cotton production base, and achieve seed cotton subsidies.

It is more realistic for textile enterprises to start from their own, adjust the yarn and variety structure, reduce the amount of cotton and realize the diversification of raw materials.

Henan Ping Mian group doubled its chemical fiber consumption this year, accounting for 40% of its raw materials.

Although the price of chemical fiber has also risen this year, it is far less than that of cotton prices, which has also reduced the pressure brought by high cotton prices.

It is understood that Huamao Group, Sanyang textile and other enterprises to use the opportunity to pick up the demand for high count yarn, by increasing the average number of yarn to reduce the amount of cotton has also achieved good results.

Expert analysis, given that cotton already has a certain financial attribute, the role of funds in promoting its price is huge, and the difficulty of cotton prices is expected to increase further. At present, cotton prices are at the top of the area. In the middle and late 10, a large number of new cotton will be listed.

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Since September, cotton futures, electronic matching, throwing and storing cotton and cotton spot prices have risen sharply, and the purchase price of cotton seed cotton in China is more than 8 yuan / kg, and some even exceed 10 yuan / kg.

In September 25th, the Chinese cotton price index (CC Index328) broke through 20 thousand yuan / ton mark, reaching 20236 yuan / ton, the highest record of 10 years.

New York futures prices also reached a high level in the past 15 years.

In September 27th, the seven departments of the national development and Reform Commission, the Ministry of finance, the Ministry of agriculture and the General Administration of industry and Commerce held an urgent nationwide teleconference on cotton work to analyze the current cotton production and marketing situation and deploy the 2010 cotton work.

The meeting proposed that through the efforts to achieve the 2010 domestic cotton supply and demand balance, to ensure the needs of the textile industry cotton, to safeguard the interests of the vast number of cotton farmers, and to combat malicious speculation cotton behavior.