The market in China has shifted again. The market has begun to get active once again. About 10 days ago, the market in China jumped about 5%, and then just over the past days, we have got price movements in both goose and duck now: goose about 7% - 10% movement and duck between 3% - 5%.
This makes it a very strong increase in down prices since end of September. , as we believe the movement is more speculation than real demand. Although he does confirm that Chinese bedding buyers are increasing the price of WGD.
Overall, the market is running similar to what we have described would happen, with steady prices through the end of summer, followed by the expected rise of prices in September with the increase in domestic China demand (bedding and garment). With the bedding season still going, we expect continual pressure on prices into November. Demand from domestic Chinese buyers should slow in December, although there will be some international demand (mainly USA) during December. All of this should keep prices firm with pressure for increases over the next month.
Overall, since end of summer, we have the following with the current price spike:
- White Goose: 15% to 20% increase over summer prices.
- Grey Goose: 20% increase over summer prices.
- White Duck: 35%+ increase over summer prices.
- Grey Duck: 30% increase over summer prices.
We will wait a few more days to see where the market settles, but without a doubt, there is a continual pressure on prices.
There has been one steady part of demand, and that is a large increase in demand for Pure White material. Demand of Pure White material, both WDD and WGD, has been higher this year than ever before, with interest from the garment industry (which is usually always high) and also within the bedding industry (which is usually very low).