Clothing Brand Winter Clothing Is Expected To Raise Prices At High Cotton Prices

A few days ago, we learned from Qingdao customs that since the beginning of this year, due to the high demand for cotton in the world and high import cotton prices, the domestic cotton prices have been rising all the way, which has led to a general increase in the retail price of brand clothing retail stores, which is expected to rise by 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.

Meanwhile, cotton prices have been rising all the way this year. In July 9th, China's cotton price index reached 18419 yuan / ton, up nearly 4000 yuan from the end of last year.

It is noteworthy that the purchasing cost of high priced raw materials is close to the limit of textile and garment enterprises, and some enterprises have reduced production scale and finished products.