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-March.1, Commerce Department China, Comment on Shengze Index
Tuesday, Commerce Department China-Shengze Silk Chemical Index-the overall indexes dropped 0.03 compared with Monday and closed at 98.39. Among these, the chemical fiber index rose 0.34 and closed at 97.36; the chemical fiber index closed at 101.31, dropped 0.06.
The following graphic shows the chemical fabrics index
Today, although the rainy weather influenced the pedestrian volume in Shengze Market, the fabrics selling is never affected. For the routine fabrics, the spring-summer fabrics include imitated silk fabrics, cotton woof, pongee; taffeta and etc. still have shipment. Especially the 290T and 310T dull taffeta, which have strong density, good breathability and hand-feeling of nylon fabrics. With these selling point and of course the most important, economical prices, these fabrics are widely used as spring-summer apparel fabrics and high-class linings. As for the price side, although the routine fabrics’ selling is increasing, but the merchants said the profit was small and it was difficult to increase the price. As for the operation rate side, only 80% of the water-jet machines and the air-jet machines are operating in Shengze today. The electricity limit policy hasn’t intervene in Shengze area.
The following graphic shows the chemical fiber index
Analyzed from the chemical fibers, in last trading day, contract 1105, the main-force PTA futures in ZCE, closed at 11,828 Yuan/ton, which dramatically increased 456 Yuan/ton. At present, the ordinary quotation of cash on delivery is 11,500-11,550 Yuan/ton and the closing price is 11,400-11,450 Yuan/ton.
Judged from the polyester yarn side, the overall prices keep steady in Shengze today. Now POY 75D/144F is quoted 17,560 Yuan/ton; POY 75D/72F is 16,710 Yuan/ton; FDY 50D/24F is quoted 19,000 Yuan/ton and low-stretch DTY 150D/48F is 16,500 Yuan/ton. Although the PTA futures rebounded, there is still no stock pressure for the chemical fiber manufacturers. The downstream weaving factories are careful about the polyester yarn tendency in the afternoon market. The chemical fiber manufacturers still concentrate on the selling amount. Therefore, in a short term, the slight regulation of the polyester yarn price will most possibly happen in the market.
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