Shandong's cotton prices continue to strengthen

According to statistics, as of the end of July, the port of Shandong imported 739,000 tons of cotton, valued at 1.31 billion US dollars, up 65.1% and 1.3 times from the same period of last year; the average import price was 1776 US dollars per ton, up 39%. In particular, the average import price has risen all the way, and the price pressure on downstream textile and apparel companies has become prominent.

Looking at the current situation, it is difficult to change the supply and demand of cotton this year. The survey shows that in 2010, the cotton planting area in Shandong decreased by 5%, and the area under cultivation in other cotton-producing provinces also decreased. Combined with the large reduction in cotton production in 2009, cotton Supply can not be effectively increased. In terms of consumption, the textile industry has gradually come out of the trough, with a good momentum of growth. In the first half of the year, the spinning volume in the domestic textile industry increased by 16.9% year-on-year. The demand for cotton is gradually increasing, and the imbalance between supply and demand imbalances has increased. Prices continue to pass to the downstream, many companies began to formulate price increases for finished clothing, which will further aggravate domestic inflation expectations, and textile and apparel export will also be adversely affected.