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Cotton Prices Soar, Taiwan Denim Big Factory, Good Luck

2010/11/11 11:07:00 79

International cotton price

From the surge in the second half of the year, breaking the previous record, Taiwan denim big plant Nian Xing (1451) was holding the price of cheap cotton stocks, fearless of this wave of rising price pressure, and the performance in October still maintained growth.

Taiwan is the main producer of jeans and jeans, and cotton is the largest raw material.

Soar

It did not make Nian Xing suffer. Instead, it was because many cotton stocks were in hand. It was a blessing in disguise. Cotton prices were higher and higher. The cotton in the hands of Nian Xing became more valuable.

Taiwan Nian Xing pointed out that although

U.S.A

Most of the cotton harvest season, only the majority have been booked, the spot price is up to 1.7 dollars per pound of the day price, when to stop, no one can expect.

At present, the company's orders are full this year, and there will be no problem in the first quarter of next year.

Supplement:

The International Energy Agency (IEA) issued the 2010 World Energy Outlook report. Although all countries adopt environmental protection policies, oil demand and prices will grow steadily in the next 25 years. The international gold price will also exceed 1400 dollars. Morgan Morgan predicts that the dollar will weaken further as the Federation will inject capital, and the price of crude oil may return to the $100 mark. "JP"

With the rising price of raw materials, the EG price of raw materials and the substitution effect of cotton prices, the profit of processing silk has been rising this month.

In October, Taiwan's Yijin (1457), Li Li (1444), Jisheng (1455), lufa (1459), Hongyi (1452) and other five processing mills factory revenue, including the three revenue of Yi Jin, Ji Sheng and Hongyi, all hit a new high this year. The revenue in October is 435 million yuan. Ji Sheng's revenue in October is 1 billion 600 million yuan; Hongyi October's revenue is 197 million yuan, and Taiwan five large processing mill October revenue is growing from last year to five.

Due to rising raw materials and natural cotton substitution orders, Taiwan polyester factory in October has been booming, but the market is also beginning to worry that the price of upstream raw materials is too fast and the price of downstream products will not keep up, which may affect profitability in the fourth quarter.

The two largest raw materials of polyester, pure terephthalic acid (PTA) and EG (ethylene glycol), have risen by more than 10% over the past week.

PTA rose from $1063 per ton to $1175 per ton, a gain of 10.54% per week, and the spot price of EG rose from 1000 US dollars to 964 US dollars per ton, or 10.79% per week.

Along with the spot price of upstream raw materials of polyester, the contract price of most chemical fiber plants will also rise.