Rising international oil prices affect apparel fabrics

Due to fierce competition, it is expected that spring and summer clothing will not increase significantly

The crude oil in the international market has risen to 80 US dollars/barrel. What does it have to do with the clothes you wear on your body? Many citizens may not even know that the chemical fiber fabrics used extensively in the field of garment production are made of petroleum products; their price fluctuations naturally correlate with international oil prices.

According to the manager of the "Chinatown" market, Mr. Guo introduced that in addition to cotton and wool fabrics, there are a large number of apparel fabrics and linings, mainly synthetic materials. For example, synthetic fabrics such as nylon and polyester are extracted from petroleum and petrochemical products. “First of all, petrochemical products such as polyester are extracted from petroleum, then polyester chips, and then yarns and fabrics are made. International oil prices have risen from US$30 per barrel at the end of December of the previous year to around US$80. Some synthetic fabrics naturally follow suit. rise."

Mr. Li of Xianglongbu City also revealed that although price transmission takes a certain period of time, and each link must carry out certain digestion of price increase factors, at present, PTA (pure terephthalic acid) and MEG (better than Alcohol, raw materials, etc., have risen from about 5,200 yuan/ton at the beginning of the year to about 7,800 yuan/ton now, an increase of nearly 50%; some synthetic fabrics have risen by 30% to 40%.

So, will some synthetic fabric clothes go up? Many people in charge of apparel companies in Zhuzhou admitted frankly that due to fierce market competition, branded apparel in the spring and summer of this year will basically not increase prices. Mr. Jiang from the New Lusheng Garment Industrial Park said: “A pair of jeans, together with design fees, marketing advertising fees, and brand added value, have a price ranging from tens of dollars to a few hundred dollars. In fact, only 1.2 square meters of fabric are used for each article. In meters, the total cost is only a dozen yuan; a men's shirt with a price of one hundred yuan or even several hundred yuan has an average cost of 1.5 square meters, and the cost of fabric is twenty or thirty yuan, which is less than 10%-20%. Spring and summer clothing are relatively thin and not much used, so the impact of rising international oil prices on clothing manufacturers with a certain brand awareness can be basically ignored, but some low-end clothes with prices below 50 yuan may rise 5 - 10 yuan/piece."