Qingdao Customs: High Cotton Prices Boost Clothing Prices

　　 A few days ago, we learned from the Qingdao customs that since the beginning of this year, because of the shortage of cotton in the world, the import price of cotton is high. cotton The price has gone all the way, leading to the brand clothing retail sales price has generally risen 10%-15%, this autumn and winter clothing products wholesale price is expected to increase 10%-15% this year.

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, this year, the domestic Cotton price Along the way, China's cotton price index reached 18419 yuan / ton in July 9th, 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 the purchasing cost of high priced raw materials is close to the limit of textile and garment enterprises. Some enterprises have reduced production scale and formulated measures for increasing the price of finished garments. retail price Grid has generally risen by 10%-15%. Because of the rising cotton pressure and the sometimes slow motion of the downward transmission, 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.