Cotton prices soared in Taiwan's denim industry

The international cotton price surged from the second half of the year, breaking the previous record. The Taiwanese denim manufacturer New Year (1451) held a lot of low-priced cotton stocks and feared the pressure of this wave of price increase, and its performance in October still maintained growth.

Taiwan's Nien-hsing is mainly based on denim and jeans. Cotton is the largest source of raw materials. This wave of cotton prices has soared. It did not make New Year's Eve suffer, but it is because of the fact that many stocks of cotton are in the hands of the people. The higher the price of cotton, the higher the value of cotton stocks in the hands of New Year.

Taiwan Nian Hsing pointed out that although US cotton is in the harvesting season, most of them have already been booked and the spot price has risen to the sky-high price of 1.7 US dollars per pound. No one can predict when it will stop. At present, the company's orders have been filled up this year and there is no problem in the first quarter of next year.