Cotton Textile Industry Association Warning: Calm Response To Cotton Prices Rose Sharply

September 21st news for now

China Cotton Textile Industry Association reminds enterprises to pay close attention to changes in 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.

Xu Wenying, vice president of China Textile Industry Association, honorary president of China Cotton Textile Industry Association, Zhu Beina, President of China Cotton Textile Industry Association, as well as responsible persons of the trade and Development Department of the development and Reform Commission, the consumer goods division of the Ministry of industry and commerce, the China Cotton Association and the China cotton storage company, attended the forum.

Since September, cotton futures, electronic matching, storage of cotton and cotton spot prices have increased significantly.

The purchase price of some new cotton seed cotton in China is over 8 yuan / kg, and New York futures price has reached the highest level in nearly 15 years.

The representatives from Anhui Huamao, Shandong Wei Qiao, Shijiazhuang Changshan, Shandong Lu Tai, Ningbo Bailong, Shandong Lanyan, Shenzhen Huafu and other enterprises introduced the cotton and cotton stocks of enterprises, and made comments on the cotton market situation this year.

Delegates generally agreed that cotton production may be slightly reduced this year compared with the previous year, affected by climate and natural disasters.

Delegates said that the recent rise in cotton prices was unexpected, causing some enterprises to panic.

At present, cotton prices have exceeded the affordability of most textile enterprises.

At the same time, cotton prices increase too fast, and the growth rate is too fast. It is difficult to pmit to the downstream and bring high risks to enterprises.

In the face of the new cotton market, some representatives believe that there are still many uncertainties in the later stage, such as RMB exchange rate changes, changes in the economic situation in Europe and America, and intensification of green trade barriers. Enterprises should remain calm and rationally analyze the current situation and guard against operational risks.

At the same time, the representatives suggested that the relevant departments should take active measures to keep the cotton prices stable, and hope that the cotton import quotas for next year can be released ahead of schedule.

In addition, many representatives called for the establishment of long-term cotton strategy, the construction of cotton production base and the realization of seed cotton subsidies.

Xu Wenying stressed that it is not too long for domestic cotton to be listed in large quantities, and enterprises need not panic.

Xu Wenying appealed to cotton spinning enterprises to make adjustments from the aspects of yarn and variety structure, so as to reduce the amount of cotton used.