China'S Macroeconomic Regulation And Control Effect &Nbsp; &Nbsp; International Cotton Price Drop
According to "business week" reported this morning, China's macroeconomic regulation and control Influence, International cotton prices fall 。 The report said that as the world's largest cotton consumer and importer, China is stepping up efforts to curb speculation and cool down inflation. "China's move ended the sales boom of soybeans, rubber and cotton."
According to the report, in November 24th, the international cotton price was $1.1113 per pound, reaching its lowest level since October 20th.
The price of cotton futures traded on the New York Intercontinental Exchange in March dropped to $1.118 per pound, down 4.1 percentage points from the same period last year.
Tokyo traded at $1.1261, the biggest weekly decline since February 2009.
Domestic cotton prices are also falling.
Data released by the national development and Reform Commission showed that domestic commodity prices plummeted in November 12th, and cotton fell by 23.6%.
Industry analysis
Clothing companies will sell cotton clothes ahead of time.
According to industry analysis, cotton prices have doubled over the same period this year.
With the gradual emergence of national regulatory policies and the gradual withdrawal of speculative funds, cotton prices continue to fall.
Before that, downstream clothing companies overloaded a lot of cloth purchased at high price and the garments made therefrom, and raised the terminal price.
The industry believes that if cotton prices continue to fall, clothing companies will have to sell cotton clothes a month ahead of schedule.
- Related reading
Price Control "Deadline" Is Approaching &Nbsp; &Nbsp; Price Expectation Is Expected To Weaken.
|Cotton Price Setback &Nbsp; Speculators From Heaven To Hell &Nbsp; Capital Is Forced To Run Away
|
- Local hotspot | Huicong Net Holds The 2010 Best Prize For Leather And Shoe Making Awards.
- Fujian | Shishi Won The "China Leisure Clothing City" Award
- Local hotspot | Cotton Prices Soared, Jiangsu And Zhejiang Clothing Enterprises Dare Not Place Orders &Nbsp; 10% Suppliers Choose To Default.
- Guangdong | Cha Shan Was Awarded "China Famous Brand Clothing Manufacturing Town".
- Management strategy | Novice Opens Clothing Store &Nbsp; How To Choose Size For Stock Purchase
- Industrial Cluster | The Market Of Sports Shoes And Clothing Is Hot &Nbsp;
- Expo News | On The Last Day Of Humen Trade Fair, The Bottom Is Now.
- Order-placing meeting | Snake Eye Fan Dress 2011 Spring And Summer New Products Released Perfect Ending
- Market prospect | Domestic Shoe Companies Are Worth A Lot Of Money To Sponsor The Asian Games?
- Expo News | Humen Clothing Fair: Next Spring Summer Wear &Nbsp; &Nbsp; Expected Price Increase Of 5%-10%
- How To Make Use Of "Discount Promotion" To Get High Profits For Women'S Clothing
- Cotton Textile Industry In Liaocheng Under The Impact Of Cotton Prices
- Cold Winter Does Not Come, So That Clothing Companies Overstock A Large Number Of Inventory &Nbsp;
- New Product Launches And Flag King 2011 Summer New Product Orders Held
- Hermes 2011 Spring And Summer Handbags New Products
- Liu Chengjian'S First Automated Silkworm Production Line In China
- Fashion Cheap &Nbsp; Secondhand Clothing Store Is Attracting Gold Fever.
- Taiwan Spinning And Weaving Industry Shares Raise Capital Surge For Expansion
- Cotton Prices Fell 60% Orders &Nbsp; Wuhan Textile Enterprises Caught In The Cold Winter.
- Picking Jeans Should Pay Special Attention To Details.