Operation Steadily Recovering, Production-Marketing Uptrend

--Feb. 22, Commerce Department China, Comment on Shengze Index

According to Commerce Department China-Shengze Silk and Chemical Fiber Index, the combined indexes regulated up 0.06 compared with last Monday, which closed at 98.24. Among these, the chemical fabrics index was 0.05 up, and closed at 96.85; the chemical fiber closed at 101.35, and was 0.05 up.

The following graph is the price index of chemical fiber products

 The following graph is the index of chemical fabrics

Today, the overall sales in Shengze market continue to become better and the shipment amount is increasing. Judge from today’s hot products, some new fabrics are still in the proofing step, the ones that put into production are limited. Still the seasonal fabrics are in strong liquidity. Fabrics like the 75D*150D twisting satin, 50D*75D matte satin, 260T pongee, satin and chiffon series are selling good today. This kind of fabric is the typical spring-summer apparel fabrics. However, the prices of these fabrics still stay stable. I studied at different business zones here. What I saw is that lots of the wagons are busy with loading and discharging the goods; the trading atmosphere is strong in the market. Besides, factories which are used lack of workers are gradually back to normal. The reason is that these employers have increased the salary moderately; meanwhile, the employing strategy that hire workers come from the same places is working and reached the expected goal. As for the machines’ operating rate side, it is around 70% in Shengze market and some factories’ rate reaches 80-90%.

The following graph is the index of chemical fibers

From the chemical fiber point of view, at present, PTA’s short-term price is still shaking. While with the coming of the busy season, PTA price may have some regulation. Now the spot PTA goods dropped down to 11, 600 Yuan/ton. The buyers hold a wait-see attitude and the practical negotiated price is around 11, 550 Yuan/ton; the trading volume is little.

As for the polyester yarn, the overall price of it in Shengze Market keeps steady and few products have slight increase. Now POY 75D/114 is quoted 17,460 Yuan/ton and POY 75D/72F 17, 350 Yuan/ton. The FDY 50D/48F is quoted 19,600 Yuan/ton and the low stretch DTY 150D/48F 16, 300 Yuan/ton. Presently, the downstream weaving factories can barely accept the polyester yarn’s price. However, the upstream chemical fiber manufacturers are waiting for the polyester’s settlement price of this month. Judge from the present situation, the polyester yarn price will mainly be at the pattern of uptrend regulation.