As industry insiders in the medical disposables market, it is crucial for us to monitor key cost drivers that influence the global landscape.
In the time span from March 31, 2023, to September 18, 2023, the market witnessed a notable fluctuation in the price of 40S yarn of combed cotton, escalating from RMB 25,265 per ton to RMB 27,740 per ton. Moreover, the past ten days have shown a stabilization of the 40S combed cotton yarn price, lingering around RMB 27,725 per ton.
Key Factors Influencing Gauze Product Prices
For those involved in importing gauze products from China, it is essential to be aware of the two primary determinants that shape the pricing model:
- Global Cotton Prices: The consistent high pricing of cotton is largely attributable to extreme weather conditions around the world. This global phenomenon restricts any potential decline in the cost of cotton yarn.
- Currency Exchange Rates: Presently, the USD to RMB exchange rate has been hovering at a relatively high plateau of 1USD=7.3RMB. Given the current economic landscape, significant upward shifts in this exchange rate seem unlikely.
Concluding Remarks
Navigating the complex pricing dynamics of gauze products demands a thorough understanding of both the material cost and current exchange rates. If you require further insights or have any queries, please don’t hesitate to reach out. We are committed to providing professional, high-quality advice to better inform your procurement decisions.
