Commodity-Linked Pricing Model

Transparent pricing based on real commodity market data. Every product price is traceable to raw material benchmarks, converting costs, and a clear margin structure.

Commodity data: SunSirs & Mysteel — March 13, 2026 • Rate: 1 USD = 7.2 CNY

112

SKUs Analyzed

Product Categories

Commodity Benchmarks

38%

Avg. Material Share

1. Commodity Benchmark Reference

Public market prices used as the basis for material cost estimation. All prices are China domestic spot unless otherwise noted.

Material	Benchmark	CNY/ton	USD/kg	Trend	Source	Note
Kraft Paper / Pulp	Kraft Pulp (SHFE)	5,220	$0.725	Stable	SunSirs / SHFE	Shanghai Futures Exchange kraft pulp settlement
Corrugated Base Paper	Corrugated Base Paper (CN Spot)	2,764	$0.384	Stable	SunSirs	China domestic spot price
Wood Pulp (Softwood)	Softwood Pulp (CN Spot)	4,600	$0.639	Flat	SunSirs	China domestic spot — used for tissue, writing paper, labels
Thermal Paper (Coated)	Wood Pulp + Thermal Coating (est.)	3,800	$0.528	Stable	Estimated from pulp + coating premium	Thermal coating adds ~30% premium over base pulp
Coated Art Paper	Coated Paper (CN Spot)	5,800	$0.806	Stable	Estimated from market data	For wrapping paper, art paper, label face stock
LDPE	LDPE (CN Spot)	10,833	$1.504	Declining	SunSirs	Bubble mailers, poly films
HDPE	HDPE (CN Spot)	8,813	$1.224	Slight up	SunSirs	Plastic bags, trash bags
LLDPE	LLDPE (CN Spot)	8,458	$1.175	Declining	SunSirs	Stretch film, pallet wrap
Polypropylene (PP)	PP (CN Spot)	8,660	$1.203	Volatile	SunSirs	Non-woven bags, spunbond fabric
PET	PET (CN Spot)	8,965	$1.245	Rising	SunSirs	Food trays, blister packaging
PVC	PVC (CN Spot)	5,694	$0.791	Rising	SunSirs	Cling film, food wrap
Cotton Yarn	Cotton Yarn 32s (CN Spot)	22,967	$3.190	Stable	SunSirs	Polo shirts, t-shirts, canvas bags
Cotton (Lint)	Cotton 3128B (CN Spot)	16,847	$2.340	Stable	SunSirs	Raw cotton fiber benchmark
Polyester Fiber	PET Fiber (estimated)	8,200	$1.139	Stable	Estimated from PET spot	Vests, uniform blends, softshell
Jute Fiber	Raw Jute (India/Bangladesh)	7,200	$1.000	Rising	CommodityOnline / Price-Watch	Jute bags — imported from Bangladesh/India
Hot Melt Adhesive	EVA-based HMA (FOB China)	15,000	$2.083	Stable	Market estimate	Label adhesive component
Aluminum (Ingot)	Al Ingot (CN Spot)	25,130	$3.490	Slight decline	SunSirs / Mysteel	Thermal bag lining, aluminum foil

2. Product Pricing Breakdown

Material Converting Overhead + Margin

All Bags Films Labels Packaging Workwear

Product	SKU	Material	Benchmark	Commodity Price	Weight	Mat. Cost	Cost Split	FOB Price	Confidence	Notes
Workwear
Cotton Pique Polo Shirts	WW-POLO-M-WHT-GRN	100% Cotton Pique	Cotton Yarn	$3.190/kg	300.0 g	$1.350	40% / 38% / 22%	$3.380	High	Cotton pique fabric (knitted) ~$4.50/kg including dyeing. Fabric consumption ~300g incl. waste.
Cotton Pique Polo Shirts	WW-POLO-L-WHT-GRN	100% Cotton Pique	Cotton Yarn	$3.190/kg	280.0 g	$1.260	39% / 39% / 22%	$3.230	High
Professional Aprons with Embroidery	WW-APRON-GRN	65% Polyester, 35% Cotton	Cotton Yarn	$3.190/kg	250.0 g	$0.625	19% / 55% / 26%	$3.350	High	65/35 poly-cotton blend fabric ~$2.50/kg
Professional Aprons with Embroidery	WW-APRON-KHK	65% Polyester, 35% Cotton	Cotton Yarn	$3.190/kg	250.0 g	$0.625	18% / 56% / 26%	$3.450	High
Professional Aprons with Embroidery	APR-GREEN	65% Polyester, 35% Cotton	Cotton Yarn	$3.190/kg	250.0 g	$0.625	19% / 55% / 26%	$3.350	High
Professional Aprons with Embroidery	APR-KRAFT	65% Polyester, 35% Cotton	Cotton Yarn	$3.190/kg	220.0 g	$0.550	18% / 56% / 26%	$3.000	High
Professional Aprons with Embroidery	APR-BELT-G	65% Polyester, 35% Cotton	Cotton Yarn	$3.190/kg	120.0 g	$0.300	12% / 58% / 30%	$2.500	High	Belt pocket — smaller item, higher converting ratio
Professional Uniform Shirts	WW-UNIFORM-M-WHT	65% Polyester, 35% Cotton	Cotton Yarn	$3.190/kg	400.0 g	$1.000	14% / 58% / 28%	$7.050	High	Tailored uniform shirt — high labor content (20+ sewing operations)
Professional Uniform Shirts	WW-UNIFORM-L-WHT	65% Polyester, 35% Cotton	Cotton Yarn	$3.190/kg	380.0 g	$0.950	14% / 58% / 28%	$6.800	High
Professional Vest	WW-VEST-BLK-GRN	100% Polyester	Polyester Fiber	$1.139/kg	420.0 g	$1.260	18% / 55% / 27%	$7.100	High	315gsm polyester softshell + lining. Fabric ~$3.00/kg for technical polyester.
Cotton T-Shirts (Organic & BCI)	TS-ORG-180W	Organic / BCI Cotton	Cotton Yarn	$3.190/kg	220.0 g	$0.990	45% / 33% / 22%	$2.190	High	Organic cotton jersey ~$4.50/kg (GOTS premium)
Cotton T-Shirts (Organic & BCI)	TS-ORG-180B	Organic / BCI Cotton	Cotton Yarn	$3.190/kg	220.0 g	$0.990	39% / 38% / 23%	$2.560	High	Black dye — additional dyeing cost
Cotton T-Shirts (Organic & BCI)	TS-ORG-160W	Organic / BCI Cotton	Cotton Yarn	$3.190/kg	195.0 g	$0.878	43% / 35% / 22%	$2.030	High
Cotton T-Shirts (Organic & BCI)	TS-ORG-140W	Organic / BCI Cotton	Cotton Yarn	$3.190/kg	170.0 g	$0.765	41% / 36% / 23%	$1.860	High
Cotton T-Shirts (Organic & BCI)	TS-BCI-180W	Organic / BCI Cotton	Cotton Yarn	$3.190/kg	220.0 g	$0.990	40% / 37% / 23%	$1.970	High	BCI cotton — slightly lower premium than organic GOTS
Cotton T-Shirts (Organic & BCI)	TS-BCI-180B	Organic / BCI Cotton	Cotton Yarn	$3.190/kg	220.0 g	$0.990	36% / 40% / 24%	$2.340	High
Cotton T-Shirts (Organic & BCI)	TS-BCI-160W	Organic / BCI Cotton	Cotton Yarn	$3.190/kg	195.0 g	$0.878	40% / 37% / 23%	$1.770	High

3. Pricing Methodology

How We Price Our Products

Our pricing is linked directly to commodity markets and transparent manufacturing costs. We believe buyers deserve to understand how prices are formed — not just what they are.

Material Cost (Commodity-Linked)

The base cost of every product starts with the raw material. We reference public commodity benchmarks from SunSirs (China's leading commodity data platform), Shanghai Futures Exchange, and international market indices. For each product, we identify:

The main raw material — kraft paper, LLDPE resin, cotton yarn, jute fiber, etc.
The closest public benchmark — a tradeable commodity price that tracks the actual input cost.
Material consumption per unit — calculated from GSM, dimensions, thickness, or known unit weights.

Material cost = unit weight (kg) × commodity price (USD/kg)

Converting Cost (Manufacturing)

Converting transforms raw material into the finished product. This includes:

Extrusion, cutting, die-cutting, slitting
Sewing, welding, lamination, coating
Printing, embroidery, branding
Assembly, QC inspection (AQL 2.5), packing

Converting cost varies by product complexity — from ~8% for ultra-simple plastic bags to ~58% for tailored uniform shirts.

Overhead & Margin

Covers factory overhead, energy, logistics coordination, certifications, and supplier margin. Typically 15-30% of FOB price.

Price Change Transparency

When commodity prices change, we communicate the impact clearly:

If LLDPE rises 10%, stretch film FOB adjusts by ~6.8% (68% material share × 10% increase)
If cotton yarn rises 15%, polo shirt FOB adjusts by ~6% (40% material share × 15% increase)
If kraft paper drops 5%, kraft bag FOB drops by ~2.5% (50% material share × 5% decrease)

This formula lets you anticipate price movements and plan procurement accordingly.

Confidence Levels

High — Direct commodity link, known unit weight, verified cost structure
Medium — Commodity proxy used, weight estimated, or multi-material blend
Low — Complex multi-material product, significant estimation required

Data Sources

SunSirs (sunsirs.com) — China domestic spot prices for petrochemicals, paper, metals, textiles
Shanghai Futures Exchange (SHFE) — Kraft pulp, aluminum futures
Mysteel — Steel and metals pricing
CommodityOnline / Price-Watch — Jute and natural fiber pricing (India/Bangladesh)

All prices are indicative benchmarks. Actual factory input costs may vary by ±5-15% depending on grade, volume, and procurement terms.

4. Formula Templates

Paper Products

For kraft bags, mailers, labels, wrapping paper, tissue paper, baking paper.

unit_weight = GSM × area_m2
raw_material_cost = unit_weight_kg × paper_price_per_kg
converting_cost = raw_material_cost × (0.6 to 1.8) // depends on complexity
FOB_price = (raw_material_cost + converting_cost) × (1.15 to 1.35) // overhead + margin

Example — Kraft Paper Bag Medium (KPB-M):

weight = 120 gsm × ~0.54 m² = 65g
material = 0.065 kg × $0.725/kg = $0.047
converting = ~$0.030 // bag forming, handles, printing
overhead = ~$0.022
FOB = $0.099

Plastic Products

For HDPE bags, stretch film, PVC cling film, PET trays, bubble mailers.

unit_weight = area_m2 × thickness_m × density_kg_m3
raw_material_cost = unit_weight_kg × resin_price_per_kg
converting_cost = raw_material_cost × (0.1 to 0.8) // lower for simple films, higher for co-extrusion
FOB_price = (raw_material_cost + converting_cost) × (1.08 to 1.25)

Density references: HDPE = 950 kg/m³, LLDPE = 920 kg/m³, LDPE = 920 kg/m³, PVC = 1350 kg/m³, PET = 1380 kg/m³, PP = 900 kg/m³

Example — Stretch Film Auto (SF-500-12-AUTO):

weight = 0.5m × 2815m × 12μm × 920 kg/m³ = 15.55 kg // actual 16.15 kg with core
material = 16.15 kg × $1.175/kg = $18.98
converting = ~$5.04 // cast extrusion, slitting, winding
overhead = ~$3.98
FOB = $28.00

Fabric / Textile Products

For cotton tote bags, jute bags, non-woven PP bags, polo shirts, t-shirts, aprons, uniforms.

fabric_weight = GSM × fabric_area_m2 // or use known unit weight
raw_material_cost = fabric_weight_kg × fabric_price_per_kg
converting_cost = cutting + sewing + printing/embroidery + QC + packing
FOB_price = (raw_material_cost + converting_cost) × (1.15 to 1.35)

Fabric price references:

Cotton canvas (8-12oz): $2.50–$3.50/kg
Cotton pique (polo knit): $4.00–$5.00/kg
Cotton jersey (t-shirt): $3.50–$4.50/kg
Organic/GOTS cotton: +15-25% premium
Poly-cotton 65/35: $2.00–$3.00/kg
Jute fabric: $0.80–$1.20/kg
Non-woven PP (spunbond): $1.50–$2.50/kg

Example — Cotton Canvas Tote Standard (CT-STD-NAT):

weight = 180g (known) // includes body, handles, stitching
material = 0.180 kg × $2.80/kg = $0.504
converting = ~$0.225 // cutting, sewing, handle attachment
overhead = ~$0.161
FOB = $0.89

General Formula (Any Product)

FOB_price = raw_material_cost + converting_cost + overhead_margin

Where:
• raw_material_cost = weight (kg) × commodity price ($/kg)
• converting_cost = FOB × converting share %
• overhead_margin = FOB × margin share %

Price change impact:
• new_FOB = old_FOB × (1 + commodity_change_% × material_share_%)

Disclaimer: This pricing model uses publicly available commodity benchmarks and industry-standard assumptions. Material shares and converting costs are estimated based on typical industry ratios. Actual factory costs may vary by ±5-15% depending on grade specifications, order volume, seasonal demand, and specific supplier terms. Where exact data was unavailable, reasonable industry estimates have been used and clearly labeled. This model is intended for price transparency and procurement planning — not as a binding quotation.