Market Analysis: The National Clothing Factory Price Rose Slightly In October

According to the National Bureau of statistics, in October 2021, the factory price of industrial producers in China increased by 13.5% year-on-year and 2.5% month on month; The purchase price of industrial producers increased by 17.1% year-on-year and 2.6% month on month.

From the perspective of industrial producer ex factory price, the price of means of production rose by 17.9%, which affected the overall level of industrial producer ex factory price to rise by about 13.36%. Among them, the price of raw materials industry increased by 25.7%, and that of processing industry increased by 10.8%. The price of means of living rose by 0.6%, which affected the rise of the total ex factory price of industrial producers by about 0.15%. Among them, clothing prices rose 0.8%.

In terms of the purchase price of industrial producers, the price of fuel and power increased by 40.7%, and the price of chemical raw materials increased by 24.9%.

From the perspective of the month on month comparison of the ex factory prices of industrial producers, the prices of means of production rose by 3.3%, which affected the overall level of ex factory prices of industrial producers to rise by about 2.51 percentage points. Among them, the price of raw materials industry rose by 4.4%, and the price of processing industry increased by 1.8%. The price of means of living rose by 0.1%, affecting the overall level of industrial producers' ex factory prices by about 0.02 percentage points. Among them, clothing prices rose 0.3%.

In terms of the purchasing price of industrial producers, the price of fuel and power increased by 7.7%, and the price of chemical raw materials increased by 4.4%.

(source: China Textile News)