Rising cotton prices have not yet affected the dependence of international buyers on the Chinese market

Recently, cotton prices have continued to rise, and data in the past two months show that the increase was as high as 40%, breaking the historical high, which also caused many small and medium-sized textile companies to stop taking orders. However, from the perspective of the cross-border purchase orders held in Shengze, Ningbo and Keqiao from October 21st to 25th, the largest online textile trading market in China, the pressure of rising cotton prices has not been affected. To textiles international trade.

More than 100 buyers from more than 20 countries, including the United States, Canada, Australia, and Chile, participated in this cross-cutting meeting and discussed with more than 300 suppliers from Wujiang, Changshu and Ningbo. There are 87 manufacturers who have sampled the buyers for the buyers like Yu Yu, and there are about 20 on-site orders.

According to reports, international buyers still have a certain degree of reliance on the Chinese market, and it is difficult for them to find a textile market that is as large and full of varieties as China. Therefore, the recent price increase will not have much impact on the international trade in textiles. According to statistics, the field transaction volume of the three fairs was 830,000 U.S. dollars, and the intentional turnover was as high as 15.26 million U.S. dollars, an increase of about 20% from the previous textile cross-border acquisition.