Chinese exporters are raising prices by low single digits to nearly 20% on goods
from apparel to medical supplies as fuel shortages from the Iran war push up
material and logistics costs. Oil-linked inputs such as plastics and fibers
jumped as much as 50%, while freight rates rose by up to 50%. Shanghai-based
Catheter makers plan 6% price increases, while Guangzhou garment factories
raised polyester-heavy apparel prices nearly 20%. Exporters began hikes last
week as cost pressures intensified.
