Cashmere yarn futures price rose by 50 percent in two months and 80 cashmere sweaters

July 22, 2023

Summary:

The northern cold air went south, and the temperature dropped by nearly 10Â°C overnight. The coolness of the embarrassment caused quite a few horses to shake the idea of â€‹â€‹shaking the cashmere sweater. On Zhongshan Road in Hangzhou, many shops took â€œcustomized sweaters and cashmere sweatersâ€. The handwritten signboards were hung in the front of the shop. Ms. Zhu who lives in Chaohui spent 400 yuan last week to buy a pink cashmere cardigan from the districtâ€™s clothing store. â€œThe boss says this one-piece dress, and itâ€™s light and personal. Last year I It is Taobao's own line to get here to shake, counted processing fee was only 320 yuan." Ms. Zhu said.

The cashmere sweater is expensive because the price of cashmere in the upstream has increased. On July 25 this year, the price of cashmere yarn futures listed on the Bohai Commodity Exchange was 913 yuan/kg. On September 27, the price had soared to 1,426 yuan. / Kg. In two months, the price of cashmere yarn futures has risen by more than 50%.

Cashmere sweater prices rose

With the declining temperature, the woolen sweater processing shops in the lanes of Hangcheng Street are also increasing. The Zhao boss of a clothing store in Zhongshan Zhong Road said: â€œLast year, we did not accept the processing of materials and we did not know the customers themselves. The quality of the line is not good, some of the poor quality of shaking up is very troublesome, and secondly, their own sales line to shake their profits higher. "But this year's raw material prices rose a bit too much, do a good job of rising too much to fear that the sale price of clothing is not good, It is relatively safe to do the processing. â€œThe best batch, worsted pure cashmere, last year 600 yuan/jin, this year nearly 700 yuan/jin.â€

Mr. Fang, who is in the cashmere business of Evergreen, said that the long cashmere dresses of similar style last year had a purchase price of 3,160 yuan, which was 3,360 yuan this year. â€œThe price of pure cashmere is already high, and it is even harder to make business even if it goes up. , but this year's yarn prices have really risen a lot."

Raw material velvet production price increase

At present, China's cashmere production accounts for 65% of the world's cashmere production, Qinghe County, Hebei's cashmere production accounted for 67% of the country. Hebei Qinghe County, Iraq Yifengda hair processing plant, Niu Hongbing said that this year, July and August, cashmere price fluctuations It was unusual. It gradually became stable in September. "Yarn purchase price was 720,000 yuan/ton last year, and the purchase price of this year's goods reached 850,000 yuan/ton."

Each year, Niu Hongbing will purchase raw cashmere in Inner Mongolia, Liaoning and other places. This year, the purchase price of cashmere in Inner Mongolia Alxa League rose sharply. The cashmere price in the southern region was 190-200 yuan per catty, an increase of 30-40 yuan per kilogram last year, and 200 yuan per catty in the northern region. -210 yuan, an increase of 40-50 yuan per kilogram last year, the average increase of 25% or so.

After removing the wool and impurities in the raw cashmere, combing is performed to make a cashmere strip, which is processed into a cashmere yarn after being dyed and processed.

"This year, the overall output of cashmere decreased, the market began to get no goods." Niu Hongbing said. For example, Liaoning, because sheep breeding from stocking to captivity, directly driving the cost of raising the breeding. Coupled with the number of captives can not reach The scale of stocking. "Our partner side, the cashmere production has been reduced by at least 50%." Niu Hongbing said that, on the other hand, because of the increase in the price of mutton, some herders who breed velvet sheep have raised mutton sheep.

Cashmere sweater prices may rise next year

Niu Hongbing is planning a transition. "The profit of purely yarn is only 3 to 5 percentage points. Now we are starting to do deep processing of cashmere products, such as cashmere coats, with high profit margins."

Cashmere production and processing companies will begin to pick up the goods in the previous year. Niu Hongbing said: â€œA large part of our raw materials purchased each year is reserved for the production and sales of the following year, because July to October is the companyâ€™s order production and delivery. The peak season, but now the inventory has been very few." This year's soaring yarn prices also led to a direct rise in order prices next year.

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Rabbit velvet production doubled price

After the ordering meeting at the end of July, Yao Chunxue, the sales manager of Chunheng Textile Co., Ltd. in Tongxiang City, was more concerned about the price of rabbit hair. Last year, the price of long-haired rabbit hair was at 250,000 yuan/ton, and it soared to 550,000 yuan this year. T.â€ Yao Chun said. â€œIn addition to Jiaxing and Shaoxing in Zhejiang Province, our cashmere yarns are mainly sold to Guangdong, but the brands in Guangdong have pressed the prices very low, so this year our focus shifted to rabbit velvet. â€

The continued high temperatures in the southern region this summer have reduced rabbit production by about 40%. This is the main reason for this year's rabbit velvet price increase.

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