"90白鸭绒今年4月是价格低位， 9月之后羽绒服进入消费旺季，白鸭绒的价格就节节攀升，10月份几乎是一天一个价 ，上游的成本都是实时传导到 厂家。"平湖·中国服装城运营总监陈杰今日对财联社记者表示，90绒的品质不同，商户和厂家拿到手的价格有差异，但整体上涨态势是很 明显的，"这段时间没有在涨了，准确来说是维持在高位。" 羽绒需求具备较强的季节性，冬天随着需求的增加，羽绒价格往往涨至年内高位 。羽绒金网负责人吴宇介绍，以平常用量最多的90白鸭绒为 例，现在的价格大概是56万元一吨，9月底的时候是47万元左右一吨，两个月涨幅约20%。" 羽绒分为鸭绒和鹅绒，其中鸭绒占比较高。鸭绒主要从鸭毛中提取，羽绒涨价，产业链跟随获益。 财报显示，白羽肉鸭屠宰龙头企业益客食品2024年羽绒销量同比增加19.48%至 1.80万吨，收入同比增加28.03%至9.19亿元，毛利率同 比增加3.57%至11.68%。 益客食品（301116.SZ）相关负责人对财联社记者表示，近期天冷了，鸭毛价格往上走了。古麒绒材（001390.SZ）证券部工作人员同样 表示，羽绒的价格变动符合公司的预期，公司具备一定的库存，目前需求正常。 虽然羽绒 ...

Core Insights - The "2025 China Down Industry High-Quality Development Pledge Conference" was held in Beijing, focusing on improving the quality of down products and creating a trustworthy consumer environment [1] - The "Down Industry Quality Improvement White Paper" was released, indicating that the overall quality level of China's down industry is steadily improving offline but facing challenges online [1] - The white paper predicts that the quality supervision and inspection pass rate for down jackets in various provinces will be significantly higher in 2025 compared to the national sampling in 2024 [1] Group 1 - The white paper highlights the need for regulation in the use of "down" materials, as some merchants are misleading consumers by using terms like "down cotton" and "eco-down" for non-down insulation materials [1][2] - The China Down Industry Association has renamed "down silk" and "feather silk" to "waterfowl silk" to avoid consumer confusion, a proposal that has been accepted globally [2] - Over 110 down brands and companies signed a quality commitment letter at the conference, and the association aims to have at least 100 down production enterprises complete traceability system access this year [2] Group 2 - The association will work with major domestic sales platforms to promote the classification and clear labeling of down product fillings, further standardizing the market [2] - There will be enhanced quality and origin audits for imported down materials in collaboration with customs and market regulatory authorities [2]

Core Points - The China Down Industry Association held the "2025 China Down Industry High-Quality Development Pledge Conference" to promote quality improvement and create a safe consumption environment for consumers [1][3] - Over 110 brand companies signed the "2025 Safe Down Quality Commitment," pledging to integrity, quality, and optimized after-sales service [3][7] - The conference emphasized a collaborative approach across the entire down industry chain to enhance product quality and ensure a reliable supply for the upcoming autumn and winter seasons [4][6] Summary by Sections Quality Commitment - The conference resulted in the signing of the "2025 Safe Down Quality Commitment" by over 110 brands, which will be included in the "2025 Safe Down Brand Directory" for consumer reference [3][6] - The China Down Industry Association will collaborate with market regulators and consumer associations to monitor the quality of the brands listed in the directory [3][6] Industry Collaboration - The conference gathered representatives from various sectors, including industry clusters, down product companies, e-commerce platforms, and testing institutions, to report on quality improvement efforts [4][5] - A new quality alliance was formed, with 101 members, to conduct market quality research and maintain market order [3][5] Future Quality Improvement Plans - The "Down Industry Quality Improvement White Paper" was released, summarizing the current quality status and governance in the market, with a focus on enhancing quality supervision and self-regulation [6][7] - The white paper outlines a "4+4" initiative for the autumn and winter season, focusing on promoting quality and combating inferior products [6][7]

Core Points - The International Down and Feather Bureau (IDFB) has released a revised version of its testing rules for 2025, aimed at preventing the misuse of the term "down" in marketing non-down products [1][2] - The new rules were established following discussions at the IDFB annual meeting in Yokohama, Japan, in June, highlighting the increasing market share of down alternatives [1] Summary by Sections Purpose of the Revision - The primary goal of the IDFB's rule revision is to protect the term "down" and ensure consumers can clearly identify genuine down products [1] - The revision addresses the growing competition from down alternatives, which are eroding the market share of traditional down products [1] Key Changes in Labeling - Products containing more than 15% down or feather content, or a total down and feather content exceeding 25%, must label their products as "Crushed Waterfowl Feathers" [1] - The labeling must specify the composition, such as "60% Crushed Waterfowl Feathers, 40% Waterfowl Feathers" [1] IDFB Labeling Standards - The term "down" is restricted to products that contain real down with a minimum content of 10% [2] - Non-down alternatives, including Green Down, Down-Like, Synthetic Down, and Eco-Down, as well as products with less than 10% down, are prohibited from using the term "down" [2] - IDFB aims to clarify product classifications and maintain a healthy competitive environment in the down market through these new regulations [2]

Core Insights - The export of the down industry in China has shown a continuous recovery from January to April this year, with companies actively exploring new emerging export markets and seizing opportunities from the Belt and Road Initiative [1][2] - The recent adjustment of tariffs between China and the US has created a 90-day buffer period, during which companies are ramping up their export activities [1][3] Export Data Summary - The total export value of China's down industry reached approximately $160 million by April 2025, marking a 26.0% increase compared to the same period last year, with a month-on-month growth rate decrease of 1.1 percentage points [1] - From January to April, the total export value was about $570 million, reflecting a year-on-year growth of 25.4%, with significant increases in the export value of raw down and bedding products [1] - The export volume of raw down increased by 14.9% year-on-year, with export value surging by 40.5%, while clothing exports rebounded with a volume increase of approximately 17% [1] Regional Highlights - In Baoding, Hebei, the company Snowrisha has transformed from a "down factory" to a "global marketplace," with expectations to exceed $6 million in exports by 2025 [2] - In Liu'an, Anhui Province, known as a major down distribution center, exports to Belt and Road countries reached 154 million yuan, a year-on-year increase of 99.3% [2] Tariff Impact - The recent tariff adjustments between China and the US, effective from May 14, have led to the cancellation of 91% of tariffs on Chinese goods, with a 90-day suspension of 24% of the previously imposed tariffs, prompting many manufacturers to operate at full capacity [3]