Crazy cotton, uncertain market conditions

Crazy cotton, uncertain market conditions. In order to slow down the impact of the ups and downs of cotton prices on textile companies, many textile companies began to adjust their structure, using less cotton, and using other raw materials such as chemical fiber, in order not to be “pulled by the nose” by cotton.

“Now one-third of the products are turning to other chemical fiber materials.” Zeng Zhongyi said that a cotton fabric changed its product structure using cotton as a raw material and started to use various chemical fiber materials, so that the product was prevented from being constrained by cotton and thus reduced. Reliance on cotton reduces risk to some extent.

A person in charge of an export-oriented textile company said that the company originally used cotton spinning garments, which accounted for 70% of all products. After last year's soaring cotton prices, the company began to focus on the development of chemical fiber and blended products. At present, cotton and chemical fibers and blends account for half of each.

It is reported that some textile companies have also embarked on a diversified approach and began to develop new fibers such as soybeans, corn, milk, and pearls.

According to incomplete statistics, there are currently more than 440 industrial textile enterprises in Hubei Province with an output value of more than 12 billion yuan and an industrial terminal textile production of more than 280,000 tons, accounting for about 20% of the province's fiber processing volume. Among them, there are 147 enterprises above designated size, accounting for more than 10% of the province's textile industry enterprises above designated size; the main business income of 9.4 billion yuan, accounting for 13% of the province's textile industry above the scale of the main business income.