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--Feb. 23, Commerce Department China, Comment on Shengze Index
Analyzed from the feedback of the data monitoring survey on 350 manufacturers, the chemical fiber index began to go up and closed at 98.29. After several days’ increase, the material index continued to be uptrend. Most of the fabrics index went up and it closed at 96.89. The raw material, polyester yarn index only closed at 101.41. The marketing of spring-summer fabrics gradually carried out and tended to begin the spring sell.
The chemical fiber index closed at 98.29 today, and increased 0.05 point. Among this, the raw material index closed at 101.41; increased 0.06 point. The chemical fabrics index closed at 96.89 and increased 0.04 point. The fabrics and polyester material indexes are all red, which pulled up the whole indexes.
The following graphic shows the chemical fiber index
What had the highest increasing rate is the POY filament that is 0.66 point; while the 300T pongee is in the opposite side that dropped 0.55 point.
Judge from the individual products index, the fabrics and linings mostly increased. Among the chemical fabrics, Taffeta Index closed at 99.14 which rose 0.28. Poly Pongee Index closed at 96.08 which dropped 0.24; Light Spinning Index rose 0.23 which closed at 97.03. Poly Peach Skin Index closed at 99.46 which rose 0.30. Nylon Taslon closed at 97.60 which dropped 0.23. Warp Suede closed at 96.178 which rose 0.15. Weft Suede closed at 99.68 which dramatically rose 0.26. Chiffon closed at 112.52 which dropped 0.06. PFY Oxford closed at 96.85 today which dropped 0.22. DTY Oxford closed at 97.63 which dropped 0.36. Satin dropped 0.26 to 94.36 by the close. Faille rose 0.17 and T/C dropped 0.27. Among the cross woven cotton fabrics, Nylon/Cotton increased 0.36 and Cotton/Nylon increased 0.41.
The spring fabrics’ selling is growing up. The sea-island suede is keeping a good selling situation. Full stretch oxford fabrics, like the water-jet oxford, show a strong competition in the market. The spot trading volume of the imitated fur product, as well as the delivery amount, both have some increment.
FDY filament closed at 99.63, which rose 0.47; and POY filament closed at 102.65, which rose 0.36. DTY web yarn closed at 107.68, which rose 0.41. Among all the fibers, the FDY filament had the highest increasing rate. At present, the wait-see attitude is strong over the whole polyester yarn market. The spinning manufacturers begin to have storage instead of keeping the production and marketing in balance. With the smooth selling situation in the downstream fabrics market, the polyester yarn price keeps a strong trend.
Today’s leading products prices are as follows. FDY 50D/24F, mainstream price is around 18,800 Yuan/ton; semi-dull FDY 68D/24F-17,600 Yuan/ton; FDY 100D/48F-15,800 Yuan/ton; FDY 100D/72F-16,200 Yuan/ton; POY 50D/48F 16,400 Yuan/ton; web-yarn DTY 75D/72F-19,500 Yuan/ton.
The downstream buyers hold a careful attitude for the present yarn prices, but the upstream material is still firm. The selling volumes of cation fabrics and linings rallied. It is predicted that the sales of the cation yarn will uptrend next week, but the price is hard to rise. Polyester/Polyester composite yarn’s quotation keeps stable, but the trading volume is obviously in short. The sea-island composite yarn also sells well, and its price keeps steady too.
The upstream polyester material of the chemical fibers continues to have a little range of rise in price. The half cash and half acceptance payment for the semi-dull filament chips is far beyond the 10 thousand Yuan point, which is now reached 13,500 Yuan/ton. The corresponding market price of the PTA broke through the 10 thousand Yuan point to 11,700 Yuan/ton. The MEG price reached 9,800 Yuan/ton.
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