Textile industry expert Wang Qianjin told reporters yesterday that compared with the situation where the domestic and foreign cotton price difference exceeded 6,800 yuan/ton last year, this year the price difference may stabilize at 3,000 yuan/ton, and the polarization in the industry will be more obvious.
This year, the gap between domestic and foreign cotton prices has been narrowing. As of June 14, the domestic cotton-CC price was 19,318 yuan/ton, and the price difference with foreign cotton has fallen below 4,000 yuan/ton. Leading enterprises in the textile industry have clearly shown a recovery. There are signs, and they have predicted that the profit in the first half of this year will increase year-on-year, but this does not reflect the current situation of the entire industry.
Textile industry expert Wang Qianjin told reporters yesterday that compared with the situation where the domestic and foreign cotton price difference exceeded 6,800 yuan/ton last year, this year the price difference may stabilize at 3,000 yuan/ton, and the polarization in the industry will be more obvious.