Home >

Cotton Price "Roller Coaster", Hebei Textile Enterprises Suffered Heavy Losses

2011/9/8 8:44:00 62

Acquisition Of Cotton Price Textile Enterprises

This year's acquisition of national cotton reserves will start in September 1st.

In the past year, cotton prices in China were like roller coaster, rising from 17 thousand yuan / ton in August last year to the highest peak in March this year, from 34 thousand yuan to 35 thousand yuan / ton, and then plummeted to nearly 20 thousand yuan / ton now.

Cotton prices in Hebei Province generally reflect that the sharp drop in cotton prices in the past six months has caused heavy losses to enterprises, which can only reduce inventories and minimize backlog of funds.

At the same time, the Hebei textile and garment industry association said that the state's purchase and storage will be in sight. The minimum purchase price of 19 thousand and 800 / ton of new cotton will be bottled out for cotton prices. Meanwhile, Xinjiang cotton will be on the market. Cotton prices will soon be cut down and textile enterprises will be able to catch their breath.

First, cotton price fluctuation: from "cotton palms" to "cotton sets".

Insiders said that in August and September last year, the domestic

cotton

Prices rose steadily, starting from a ton of about 17 thousand yuan straight rise, the highest price reported to 34 thousand - 35 thousand yuan.

At that time, textile enterprises were optimistic about the cotton market. Most of them chose to hoarding cotton, and the cotton price that had gone crazy was even dubbed "cotton palm" (homophonic "cotton inflation").

However, since March this year, cotton prices have begun to decline and are out of control.

By May this year, it has dropped from the highest point of 35 thousand yuan / ton to 23 thousand / ton, and now it is less than 20 thousand yuan / ton, which is close to the minimum purchase price of 19 thousand and 800 yuan / ton of cotton newly stipulated in the 2011 year plan of cotton temporary purchase and storage.

A lot of backlog of textile enterprise funds has become a problem, even facing the downtime, become "cotton sets".

The rise and fall of cotton prices has made Hebei enterprises suffer a lot.

Two, cotton enterprises: serious stop production occurs

The cotton price fluctuates greatly, which involves the whole cotton industry chain.

Most upstream

Cotton grower

And the middle and lower reaches of cotton traders, textile enterprises and garment enterprises are all subject to varying degrees of damage.

For Hebei, Shijiazhuang, Tangshan, Handan and Baoding are particularly affected by the textile enterprises.

The head of a textile enterprise in Shijiazhuang said that the sharp drop in cotton prices has lowered the market of the downstream veils and cotton cloth, plus some enterprises have lost the high price cotton stocks. Therefore, at the most serious time, the stop production rate in some parts of Hebei province is about 50%, and Shijiazhuang's stop production enterprises are estimated to be 30%.

Hebei textile and apparel industry association also said that the market is "buy up or not buy", when cotton prices rise, the market of textile enterprises is often good, and cotton prices fall sharply, textile enterprises are having a hard time.

Three. Association: estimated cotton prices will stabilize soon.

According to Hebei textile and apparel industry association, this year's country

Cotton collection and storage

Soon.

In accordance with the minimum purchase price of 19 thousand and 800 yuan / ton of new cotton stipulated in the plan for temporary storage and purchase of cotton in 2011, cotton price is estimated to drop.

The association also said that stabilizing cotton prices is a common expectation of textile enterprises, hoping that the state can introduce effective measures to stabilize cotton prices.

{page_break}

It is understood that recently, the national development and Reform Commission and the national supply and marketing cooperative have just finished the field research in Jiangsu and Shandong, and are planning to formulate some strategic "new cotton policies", focusing on further handling the strategic positioning of cotton and other agricultural products, the relationship between the cotton industry chain and the relationship between the cotton and domestic cotton, and to prevent the domestic cotton price from falling down again.