By cotton production and textile enterprises operating rate rise and other factors, cotton prices from 13,000 yuan / ton up to a maximum of 15,700 yuan / ton.
Recently, the cotton textile raw materials market led a wave rushed soaring market, so the intensity of the large downstream firms by surprise. The face of the fragile global economic recovery and export prospects, is still in a weak state of the textile enterprises in raw material prices will again be pressed bend, causing widespread concern in the industry.
Lint prices have risen more than 30 percent, but the yarn price has risen by 15 percent. With cotton yarn prices did not sync up, processing and reselling cotton yarn not as to the benefits. Prices not just cotton. "There is no maximum, only better", which is the industry's price for cotton linters one day a vivid description.
To curb fast rising cotton prices, the State Reserve cotton recently sold a lot of dense, overheated cotton market to pouring a pot of cold water, as of November 30, the State successfully sell cotton reserves accumulated 2,263,000 tons, of which 1.507 million in 2008 cotton reserves ton, from 2003 to 2007, 756,000 tons of cotton. However, on the 30th day, cotton auction sold for 14,990 yuan / ton, from this auction situation, the State did not deliberately suppressed cotton prices, even greater efforts in the auction, it will be in a stable spot cotton prices, guaranteed textiles the purpose of the normal production on the spot cotton suppress a more limited role. |
