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Cotton Prices Rise, Clothing Will Increase 10%-15%

2010/8/23 14:41:00 86

A few days ago, we learned from Qingdao customs that this year, because of the global

cotton

In short supply, imported cotton prices are high, pushing domestic cotton prices to go all the way, resulting in higher prices.

Brand clothing

The retail price of shopping malls has generally risen by 10%-15%, and is expected to fall and winter this year.

clothing

The wholesale price of products will also increase 10%-15%.

According to the statistics of Qingdao customs, in the first 7 months of this year, Shandong Port imported 739 thousand tons of cotton, worth 1 billion 310 million US dollars, up 65.1% and 1.3 times respectively compared with the same period last year. The average import price was 1776 US dollars per ton, up 39%.

The average monthly import import price of cotton at Shandong port has gone up all the way since reaching 1717 US dollars / ton in January this year. After breaking through the 1800 yuan / ton mark in June, it reached a new high in July, reaching 1912 US dollars / ton, up 44.1% compared with the same period last year, rising 3.5%, and continuing to refresh the highest record since January 2003.

At the same time, cotton prices have been rising all the way this year. In July 9th, China's cotton price index reached 18419 yuan / ton, up nearly 4000 yuan from the end of last year, and the domestic cotton spot in the past 10 years.

Subsequently, prices dropped somewhat, but remained at a high level of more than 18200 yuan per ton, driving up prices of raw materials such as cotton yarn and cotton cloth.

Affected by this, in June, China's Manufacturing Purchasing Managers Index (PMI) sub index, the textile industry's purchasing price index up to 76.6%, and this index in July is still at a high level of 60%.

It is noteworthy that high prices.

raw material

The cost of purchasing has approached the limits of textile and garment enterprises. Some enterprises have reduced the scale of production and formulated measures to increase the price of finished garments. The retail price of brand clothing has increased by 10%-15% this year.

Because of the rising cotton pressure and the sometimes slow motion of the downward pmission, plus the autumn and winter clothing materials far exceeding the summer products, the wholesale price of clothing products in autumn and winter is expected to increase by 10%-15% this autumn.

Domestic inflation expectations will be further intensified, and the export of textile and clothing will also be adversely affected.