Attention after cotton prices continue to rise. After a JiaoYiZhou cotton futures prices were nearly 10% of total, 27, chairman of cotton futures price chart of fresh record highs, again next year, may delivery cotton futures japa 2.2 million yuan per ton breakthrough.
Previously, 25, bring the cotton market electronic trading contract price of all appear before October, including the contract price reached RMB per ton, investigation before rising 8%, 26 countries cotton trading center of the contract price of cotton together before a rose sharply again about 4%.
Meanwhile, China ChuBeiMian management corporation for two days after (25, 26), and its ChuBeiMian selling more than 2 million tons, is selling prices continue to rise rapidly, which before MianJia reserves 25 per ton is rising, before a $290 rise this year compared.
In fact, since August, cotton prices began rose. For example, with an average price ChuBeiMian by mid-august lowest 1.7 million yuan per ton insufficient to over 2.2 million yuan per ton now, since mid-september is presented, including speeded up ChuBeiMian standard price discount per ton in recent four days before than rising 927 yuan, $900, 636 yuanhe 1747. Tracking the kingdom of cotton textile, securities analyst zhang only ever since the year in cotton, and the funds still has increased capital, the obvious is joined by some money in the stock market store, obtain profits futures market. "In the market expectations and money involved in the alleged MianJia, soaring become inevitable.
Many insiders when accepting a reporter to interview, there are MianJia boom and, alarmed.
On one hand, if MianJia further upward, rising to downstream pressure will soon conduction, textile and apparel industry, clothing prices to avoid, On the other hand, if MianJia appeared after a sharp drop in the boom, the harm is unpredictable, in MianJia stabilises, cotton enterprise benefit is likely to drop significantly.
Zhang said that already have cotton, capital of its financial property prices role. Considering the number in late October 2005 showed to the market, "MianJia continue crazy." the possibility of great

"Chinese textile net source."

Editor: lara