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Address: Wuxi City, Jiangsu Province Economic Development Zone, Furong East Road No. 99
Zip Code: 214193
Tel: 0510-83789007
Fax: 0510-83789008
 
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Ferocious cotton textile enterprises "Inasmuch"

1,2010 troubled textile industry will be a lot of problems, such as cotton prices will have a significant impact on businesses.
2, only 328 domestic cotton spot price, for example, on February 24 the price has reached 14,962 yuan per ton, and February 10 compared to 14,912 yuan per ton, up 50 yuan. So far, prices have been rising for five consecutive months.
3, Shandong and Henan region 328 average 14,948 yuan per ton, cotton, southeast coastal areas reached 15,041 yuan per ton, 14,891 yuan per ton, the Yangtze River, southwest, northwest inland and northern areas are more than a ton of cotton 14,000 yuan. While spot prices, driven by one of the three domestic futures exchanges - Zhengzhou Commodity Exchange, cotton futures have been as high as the highest price more than 15,890 yuan per ton.
4, the figures show that since early September last year, the initial purchase price of seed cotton 3 yuan per catty, early November, standard grade cotton price has risen to 3.5 yuan, 3.6 yuan just below the 2003 record high price. From about 3 yuan rose 3.5 yuan price of cotton is to make the most direct result of the processing cost of textile enterprises lint jump up to more than 14,200 yuan per ton.
5, under normal circumstances, the cotton spinning industry was 13,700 yuan per ton, the breakeven line, and now, more than 14,000 yuan prices are little by little "eat" to the profits of textile enterprises only.
6 In fact, since October last year, the state has begun to constantly sell State Reserve cotton to stabilize cotton prices, but the annual domestic consumption of cotton in 10 million tons or more, while throwing storage can only hold market tensions.
7, according to the Ministry of Industry, Commerce and other departments are expected in 2010, the textile form is not optimistic.

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