Cotton prices rose more than last year 30% suspect speculative speculation

Xiao Ming doesn't is located in Dongguan, Guangdong province, a million people garment factory director is worried. He received a list of 3 million garments abroad, but the plant lacked raw materials. "I calculate that it takes 60 tons of cloth material, which is very tight," he said.　　"May 26, looking around for cloth," he told reporters. Its manufacturers have imported a large number of cotton yarns from Pakistan and India since last year, but India has recently announced a moratorium on exports, and Pakistan has raised export tariffs, forcing the plant to find new sources of cotton.　　Although there are still cotton yarn, but the price has been very high, usually every few days a price hike, sometimes a day will rise once. The clothing factory situation, is the second half of last year since the cotton price rise, leading to cotton yarn, clothing price transmission of a microcosm.　　The cotton price-weighted index of May 26 this year was 17323, up about 35% from the same period last year, up about 15% from the start, the Cotton Information Network reports. According to the National Bureau of Statistics and Agricultural Academy of Cotton Research, 2010 of the National cotton planting area than last year decline 2-3%. And because April temperature is low, cotton sowing late, the whole year harvest situation still difficult to determine. In the face of cotton tension, the country recently announced an increase of 800,000 tons of cotton import quotas, making the total import quota reached about 2.7 million tons.　　National Reserve Cotton is also expected to launch 300,000 tons, so that the recent increase in the launch of 1.1 million tons of lint.　　Reporter learned that policymakers are studying new price control measures, targeted to some of the price of goods to come up with a way. Factory cotton Drop order China Cotton Information Network provided figures, May 26, the National cotton Price weighted index in 17323, compared with the same period last year, a 35% increase.　　China Cotton Outlook Information consulting company analyst Li Ren told reporters, actually from the market to get lint price in recent days has already exceeded the level of 18,000 yuan per ton. Market forecasts, the next phase of cotton demand is still increasing, but the actual stock is not much. The April survey, for example, is that the country still has more than 2.9 million tonnes of commercial inventories, and 30.4 million tonnes of actual demand.　　April National Development and Reform Commission, the Ministry of Railways organized Xinjiang 284,000 tons of cotton to the mainland, but this mainly to 27 large and medium-sized textile enterprises to use, did not circulate to the market. This leads to lint prices continue to rise, and conduction to the mill and garment factory downstream areas. Shandong Cotton important Origin Texas Cotton Association, Deputy Secretary-General Ma Junkai told reporters that the cotton yarn factory yarn prices and cotton plant lint prices are rising. For example, local cotton mill PU Comb 32 yarn prices at 25200 yuan/ton, compared to last October 18900 yuan/ton level, about 33%.　　And the cotton mill will be the price of yarn to the clothing factory, but also only 3-4 months time. And although the country put a lot of cotton from Xinjiang to the mainland market, but in the short term still difficult to change the pattern of supply. China Cotton Outlook Information consulting company analyst Li Ren pointed out that Xinjiang cotton, in fact, only a few months after the cotton aheadMonths of digestion. "The core problem is that economic growth is accelerating, domestic demand is on the rise, clothing factories almost all have hand-held orders, but there is no raw material to determine whether production."　　"Li Ren learned that some clothing factories in the south despite orders, but the price of cotton yarn increased erosion of profits, which makes many manufacturers give up orders. The Phantom of the speculation the National Development and Reform Commission is also studying new measures to deal with the rise in cotton.　　May 22 convened the national price of the director of the meeting, to improve the price information system, grasp the production volume, trading volume, production costs, circulation link increase, government reserves, capital flow, inventory changes and other specific circumstances, found that abnormal situation to quickly identify, timely report, resolutely prevent and stop "hot money" speculation speculation.　　Some experts believe that the recent hundreds of thousands of tons of national reserve cotton will be launched.　　Nantong according to the Cotton Textile Co., Ltd. package built told reporters that the current lint price is too high, has affected the downstream of a lot of cotton mills, but it is interesting that the alternative to lint (cotton-type man-made staple fiber, commonly known) prices did not rise. Package build suspected that the current total lint is not a problem, but the market circulation less, there may be institutions like fried garlic in the hype.　　He proposed to open clothing factory peers, do not take high cotton, because the risk is too big. According to understand, last year the National Reserve cotton collected about 3.7038 billion tons, the price at 13500 yuan/ton. At present the market lint price rose to 18,000 yuan per ton.　　It is estimated that the country still has 1.5 million tons of national reserves of stocks, if all selling, you can make a net profit of more than 7 billion. However, the overall trend of cotton production this year is still difficult to determine.　　And as labor costs rise, the cost of future cotton cultivation will rise. Texas Cotton Association, Deputy Secretary-General Ma Junkai said that this year, Texas farmers sowing enthusiasm is still not high, planting time significantly delayed, as of April 27, cotton planting progress in about 70%. This year the city is expected to plant cotton area of only about 2 million acres, down 15% from the previous year, to the lowest point in 10 years.