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>>> Click into related special: the 96th Canton Fair
Because of the price rising of raw material, the prices of light industrial products in Canton Fair rise by 10%. Such products include footwear and headgear, gifts, Christmas merchandise, toys, etc., all of which are main products exhibited in the second phase of Canton fair.
To the light industrial industries, the cost rising of raw materials bring great pressure on their operation. It is reported that with the surging of the crude oil prices, the prices of petrochemical raw material soar at the same time, resulting in the cost rising of the plastic manufacturing.
Take Christmas merchandise as an example, the prices of PE plastic, which is the principal raw material for Christmas merchandise, is up 18% in the first three seasons, causing a 15.9% year-on-year fall of Christmas merchandise export volume.
Moreover, some international raw material supplier cut their output.
The exhibitors say that buyers stick to the prices they offered before oil price on the international market began its inexorable ascent and they now are worrying that the trading volume of this plenary will drop.
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