Dynamic Display Of Cotton Market Today
Cotton prices soared nearly 40% a month, quota reform is imperative.
At present, the new cotton market has just arrived in Chongqing.
Home textiles
The head of the weaving enterprise told the China Industrial and Commercial Times reporter: Taking "329 cotton" as an example, the paction price has been close to 25 thousand yuan / ton.
Cotton price
Fall back to work again. "
Cotton prices continue to rise after the holiday, and products adjust opportunities?
Cotton prices in October 9th
index
It was 22865 yuan / ton, more than 300 yuan / ton on the first day after the national day.
Compared with the 18002 yuan / ton in early September, the increase has exceeded 20%.
And a ton.
standard
Cotton prices also soared from around 8000 yuan in September last year to more than 20000 yuan, which has increased 1.5 times in one year.
Chinese demand stimulates cotton futures trading in New York
The report also lowered China's 2010-11 year production forecast by 1 million to 31 million 500 thousand bales.
China is the largest cotton producing country and consumer country in the world.
Earlier this year, heavy rain in China was not conducive to cotton production.
Cotton price
Lattice keeps improving because
market
China's demand is expected to expand.
Textile profits in the first three quarters were not affected by rising cotton prices.
In October 9th, Ms. Chen, a securities affairs representative of the seven wolf industrial Limited by Share Ltd (002029.SZ), said in a telephone interview with reporters that
Material Science
(cotton) price
Rise
Did not affect the company's profit growth.
Expected first three quarters of the company
Net profit
It will grow by 20%-40% over the same period.
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