{"id":4902,"date":"2025-11-25T05:33:18","date_gmt":"2025-11-25T05:33:18","guid":{"rendered":"https:\/\/lnjdown.com\/?p=4902"},"modified":"2025-11-25T05:49:51","modified_gmt":"2025-11-25T05:49:51","slug":"2025%eb%85%84-11%ec%9b%94-%eb%8b%a4%ec%9a%b4-%ec%8b%9c%ec%9e%a5-%ec%a0%84%eb%a7%9d-%eb%b3%b4%ea%b3%a0%ec%84%9c","status":"publish","type":"post","link":"https:\/\/lnjdown.com\/en\/2025%eb%85%84-11%ec%9b%94-%eb%8b%a4%ec%9a%b4-%ec%8b%9c%ec%9e%a5-%ec%a0%84%eb%a7%9d-%eb%b3%b4%ea%b3%a0%ec%84%9c\/","title":{"rendered":"Down Market Outlook Report November 2025"},"content":{"rendered":"
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t
\n\t\t
\n\t\t
\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

2025.11<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

Monthly Report<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

\"We provide comprehensive analysis of the monthly changing down prices,\nproduction trends, and supply conditions.\"<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
\n\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

L&J Down\u2019s Monthly Report<\/strong> is a monthly publication that summarizes the latest trends, price movements, supply and demand conditions, and future outlook of the down market.<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t
<\/figure>

<\/p>

\"\ud83d\udd0d\"<\/span>External Environment Analysis<\/h2>

<\/p>

Recently in China, an early cold wave accelerated the peak season for down jacket sales, driving up demand ahead of schedule. Brands increased production, causing a short-term surge in down raw material demand. White duck down faced rapid shortages, pushing prices near historical highs in a \u201cshort squeeze\u201d effect. As manufacturers felt the pressure, signs of gradual price adjustments emerged. Goose down also saw temporary strength due to rising duck down prices, but demand eased after large buyers completed purchases, returning prices to a stable trend. Following slight warming after Singles\u2019 Day, enthusiasm for down products cooled, prompting short-term price corrections. Expectations remain that down jacket sales will rise again with the next cold wave. Major washing factories are adjusting purchase prices to secure raw materials, but tight supply and strong price support have kept actual transactions limited. Overall, the market shows short-term volatility under tight supply while gradually moving toward stabilization.<\/p>

\ub2e4\ub9cc \ucd5c\uadfc \ub610\ub2e4\uc2dc \ud55c\ud30c\uac00 \ub0a8\ud558\ud558\uba74\uc11c \ud328\ub529 \ud310\ub9e4\uac00 \ub2e4\uc2dc \ub298\uc5b4\ub0a0 \uac83\uc774\ub77c\ub294 \uae30\ub300\uac10\uc774 \ub192\uc544\uc9c0\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ud604\uc7ac \ub300\ud615 \uc6cc\uc2f1 \uacf5\uc7a5\ub4e4\uc740 \uc6d0\ub8cc\ub97c \ub354 \ub0ae\uc740 \uac00\uaca9\uc5d0 \ud655\ubcf4\ud558\uae30 \uc704\ud574 \ub9e4\uc785 \ub2e8\uac00\ub97c \uc870\uc815\ud558\uace0 \uc788\uc9c0\ub9cc, \uc2dc\uc7a5 \uc804\ubc18\uc758 \uacf5\uae09 \ubd80\uc871\uacfc \uc6d0\ub8cc \uc5c5\uccb4\ub4e4\uc758 \uac15\ud55c \uac00\uaca9 \uc9c0\uc9c0\ub85c \uc778\ud574 \uc2e4\uc81c \uac70\ub798\ub7c9\uc740 \ud06c\uac8c \ub298\uc9c0 \uc54a\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc804\uccb4\uc801\uc73c\ub85c \uc2dc\uc7a5\uc740 \uacf5\uae09\uc774 \ud0c0\uc774\ud2b8\ud55c \uc0c1\ud669\uc5d0\uc11c \ub2e8\uae30\uc801\uc778 \ubcc0\ub3d9\uc131\uc744 \ubcf4\uc774\uba74\uc11c\ub3c4 \uc810\ucc28 \uc548\uc815 \ubc29\ud5a5\uc744 \ud0d0\uc0c9\ud558\ub294 \ud750\ub984\uc785\ub2c8\ub2e4.<\/p>

\"\ud83d\udcc8\"<\/span>Analysis by Down Product Category<\/h2>

<\/p>

Duck Down\ud83e\udd86 \u2b06\ufe0f Slight Increase<\/p>

At the end of October, the declining duck down market sharply reversed, with white duck down prices showing strong upward momentum. Despite high raw material prices, initial inventory shortages forced mid- and downstream companies to place active orders. White duck supply remained low, keeping prices elevated. From mid-to-late November, if daily duckling supply exceeds 10 million, pressure may ease, slowing price increases or causing slight declines.<\/p>

Goose Down\ud83e\udebf \u27a1\ufe0f Stable<\/p>

With white duck down prices high, manufacturers and brands quickly shifted their purchasing toward goose down, driving concentrated demand, especially from large financially strong companies, and temporarily raising prices. However, further increases have been limited, resulting in a slightly weak to stable trend. Going forward, goose down prices are expected to remain stable with gradual upward potential, as smaller companies adjust their purchasing in line with market trends.<\/p>

\"\ud83d\udcca\"<\/span>Expected Down Price Range<\/h2>

(80%, KS standard, US$\/kg)<\/p>

<\/p>

Item<\/strong><\/td>Monthly Expected Range<\/strong><\/td>4<\/strong>Quarterly Expected Range<\/strong><\/td><\/tr>
GREY DUCK<\/strong><\/td>51~54<\/td>50~54<\/td><\/tr>
P\/WHITE DUCK<\/strong><\/td>56~60<\/td>55~60<\/td><\/tr>
GREY GOOSE<\/strong><\/td>85~87<\/td>83~87<\/td><\/tr>
P\/WHITE GOOSE<\/strong><\/td>95~97<\/td>93~97<\/td><\/tr><\/tbody><\/table><\/figure>

<\/p>

\"\ud83d\udccc\"<\/strong>Future Outlook Analysis<\/h2>

\u201cTo date, the Chinese down market has shown a stronger-than-usual boom, with high demand and fast consumption. Early cold weather further boosted down product sales across the fashion industry, especially in the outdoor sector, where shortages led to additional production. Down raw material prices stayed high, briefly eased, then rebounded as another cold wave increased demand for outdoor apparel, down jackets, and bedding. While demand remains supported, most major buyers have finished concentrated purchases, limiting the potential for sharp further spikes, and significant declines still appear unlikely. We therefore advise clients not to delay purchases, as waiting may increase costs; engaging with suppliers now, while prices are relatively stable, is the safer approach.\u201d<\/p>

\ud55c\ud30c\ub85c \uc778\ud574 \uc218\uc694\uac00 \uc5ec\uc804\ud788 \uc720\uc9c0\ub418\uace0 \uc788\uc9c0\ub9cc, \uc8fc\uc694 \uc5c5\uccb4\ub4e4\uc758 \uc9d1\uc911 \ub9e4\uc785\uc774 \ub300\ubd80\ubd84 \ub9c8\ubb34\ub9ac\ub41c \ub9cc\ud07c \ucd94\uac00\uc801\uc778 \uae09\ub4f1 \uc694\uc778\uc740 \ud06c\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. \ub2e4\ub9cc \uc774\ubbf8 \uac00\uaca9\uc774 \uc0c1\ub2f9\ud788 \ub192\uc740 \uc218\uc900\uae4c\uc9c0 \uc624\ub978 \ub370\ub2e4, \ud558\ub77d \ud6c4 \ub2e4\uc2dc \ubc18\ub4f1\ud558\ub294 \ud750\ub984\uc744 \ubcf4\uc774\uace0 \uc788\uc5b4 \uac00\uaca9\uc774 \uc870\uc815\ub418\ub354\ub77c\ub3c4 \ud06c\uac8c \ub5a8\uc5b4\uc9c8 \uac00\ub2a5\uc131\uc740 \ub0ae\uc544 \ubcf4\uc785\ub2c8\ub2e4. \ub530\ub77c\uc11c \uace0\uac1d \uc5ec\ub7ec\ubd84\uaed8\uc11c\ub294 \uad6c\ub9e4\ub97c \uc9c0\ub098\uce58\uac8c \ub2a6\ucd9c \uacbd\uc6b0 \ud5a5\ud6c4 \uc2dc\uc7a5 \ubcc0\ub3d9\uc73c\ub85c \uc624\ud788\ub824 \ubd80\ub2f4\uc774 \ucee4\uc9c8 \uc218 \uc788\uc73c\ubbc0\ub85c, \ud604\uc7ac\ucc98\ub7fc \uac00\uaca9\uc774 \ube44\uad50\uc801 \uc548\uc815\ub41c \ud750\ub984\uc77c \ub54c \ub2e4\uc6b4 \uc5c5\uccb4\uc640 \uc0c1\ub2f4\ud558\uba70 \uc870\uac74\uc744 \uc870\uc728\ud574 \ub108\ubb34 \ub2a6\uc9c0 \uc54a\uac8c \ub300\uc751\ud558\uc2dc\uae38 \uad8c\uc7a5\ub4dc\ub9bd\ub2c8\ub2e4.\u201d<\/p>

<\/p>

<\/p>

<\/p>

<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

\n\t\t\t\t\t
\n\t\t
\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t<\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t2025.11 monthly report - L&J DOWN<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
\n\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n

Would you like more information?<\/h2>

In addition to down prices and supply trends, we share a wide range of industry news.\n
Click the button below to explore more articles.<\/p>View More Posts<\/a>\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

2025.11 Monthly Report “\ub9e4\uc6d4 \ubcc0\ud654\ud558\ub294 \ub2e4\uc6b4 \uc2dc\uc138, \uc0dd\uc0b0\uc9c0 \ub3d9\ud5a5, \uc218\uae09 \ud604\ud669\uc744 \uc885\ud569 \ubd84\uc11d\ud558\uc5ec \uc81c\uacf5\ud569\ub2c8\ub2e4.” \uc5d8\uc564\uc81c\uc774\ub2e4\uc6b4\uc758 Monthly Report\ub294 \ub2e4\uc6b4 \uc2dc\uc7a5\uc758 \ucd5c\uc2e0 \ub3d9\ud5a5\uacfc \uac00\uaca9 \ud750\ub984, \uc218\uae09 \uc0c1\ud669, \ud5a5\ud6c4 \uc804\ub9dd \ub4f1\uc744 \uc815\ub9ac\ud55c \uc6d4\uac04 \ub9ac\ud3ec\ud2b8\uc785\ub2c8\ub2e4. \uc678\ubd80 \ud658\uacbd \ubd84\uc11d \ucd5c\uadfc \uc911\uad6d\uc5d0\uc11c\ub294 \uc608\uc0c1\ubcf4\ub2e4 \uc774\ub978 \ud55c\ud30c\uac00 \ucc3e\uc544\uc624\uba74\uc11c \ud328\ub529 \uc7ac\ud0b7 \ud310\ub9e4\uac00 \ud3c9\ub144\ubcf4\ub2e4 \ud6e8\uc52c \ube68\ub9ac \uc131\uc218\uae30\uc5d0 \uc9c4\uc785\ud588\uc2b5\ub2c8\ub2e4. \uc218\uc694 \uc99d\uac00\uc5d0 \ub300\uc751\ud558\uae30 \uc704\ud574 \ube0c\ub79c\ub4dc\ub4e4\uc758 \ucd94\uac00 \uc0dd\uc0b0\ub3c4 […]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4902","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/lnjdown.com\/en\/wp-json\/wp\/v2\/posts\/4902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lnjdown.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lnjdown.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lnjdown.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lnjdown.com\/en\/wp-json\/wp\/v2\/comments?post=4902"}],"version-history":[{"count":0,"href":"https:\/\/lnjdown.com\/en\/wp-json\/wp\/v2\/posts\/4902\/revisions"}],"wp:attachment":[{"href":"https:\/\/lnjdown.com\/en\/wp-json\/wp\/v2\/media?parent=4902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lnjdown.com\/en\/wp-json\/wp\/v2\/categories?post=4902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lnjdown.com\/en\/wp-json\/wp\/v2\/tags?post=4902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}