The cotton price is 15 years old and myth is shattered. The cotton price may fall in October.

Recently, both international and domestic cotton prices have experienced unprecedented surges and hit new highs. In the interview, the author found that the downstream industries such as cotton yarns and cloths on the market have been significantly affected. Under the effect of price transmission, the prices of home textiles and clothing on the market have also risen quietly. In addition, some manufacturing companies would rather breach their contracts in order to maintain costs, and export companies have to make additional advance payments to ensure that orders are made. Industry insiders also stated that there is limited room for this year's cotton prices to fall.

The price of cotton hit a fifteen-year high. "This method of rising cotton hasn't been seen in 15 years." Mr. Jiang, sales manager of Xiyingmen Group, said that in August last year, the price of cotton was 10,000 yuan a ton, and now it is 17,000 yuan a ton. It increased by about 70% while the price of textiles rose by 20%.

The author opened the domestic cotton **K chart found that the price of cotton ** has risen sharply after August. Especially during the four days before the Mid-Autumn Festival, its price has soared by 20%. After the Mid-Autumn Festival, the domestic cotton ** rose to a high of 22,200 yuan/ton on September 28.

The author learned from the City Textile and Apparel Association that domestic cotton prices have now hit a new high in 15 years. In addition, the author also learned that New York cotton ** hit a 15-year high in September.

Cotton clothing cotton prices a lot of expensive cotton prices will certainly affect the downstream industries. In the counter of a brand in Taidong Liqun, the salesperson told the author that due to the price increase of cotton yarn, the cotton products have increased the price. “For example, the same material that was sold for 500 yuan last year would sell for 600 yuan this year. The price increase is due to the increase in cost."

At Qianchuan department store's cotton counter, salesperson Ms. Zhu said that compared to last year, the printed cloth of pure cotton rose by 4 yuan for one meter. “Now there is basically no profit.” Salesperson Ms. Fan told the author, “May and June of this year. At the time, the high-pile 18 yuan one meter will be able to arrive from Shanghai, but now it has risen to 23 yuan, to be able to reach the goods."