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-March.2, Commerce Department China, Comment on Shengze Index
Analyzed from the data inspection given by 350 relative companies, the chemical fiber index dropped to 98.34 by the close today. The raw material index continues the previously increasing tendency. Most of the fabrics prices dropped and the index only closed at 97.29 and the material, polyester yarn index closed at 101.41. The marketing of spring fabrics is gradually carrying out and get ready for the spring busy season.
The following graphic shows the index of chemical fiber products
The chemical fiber prices index closed at 98.34 today dropped 0.05. Among these, the raw material price index closed at 101.38, increased 0.07. The chemical fabric index closed at 97.29, dropped 0.07. In conclusion, after two-week increase, the fabric index begins to drop; the polyester material index all turns red; the overall index is pulled down.
What has the greatest increasing rate is 50D+50D Poly/Poly compounded filament, which increased 0.56. While 210T taffeta dropped most dramatically with a rate of 0.64.
Judged from the classified products index, most of the fabrics and linings slightly reduced. Among the chemical fiber fabrics, Taffeta index closed at 99.54, dropped 0.32; Poly Pongee price index closed at 96.02, dropped 0.38; Light Spinning fabric index dropped 0.45 to 97.75; Poly Peach Skin closed at 99.24, dropped 0.24; Nylon Taslon index closed at 97.63, dropped 0.11; Warp Suede index closed at 96.45, dropped 0.29; Weft Suede index closed at 100.02, dropped 0.28; Chiffon index closed at 112.36, dropped 0.09; PFY Oxford closed at 96.785 and dropped 0.06; DTY Oxford closed at 98.40, increased 0.19; Satin increased 0.43 to 95.83; Faille increased 0.27; Poly/Cotton fabrics dropped 0.23; Nylon/Cotton increased 0.26 and Cotton/Nylon fabric dropped 0.21.
Spring fabrics’ marketing is uptrend. Sea-island suede keeps a good selling trend. Full-stretch oxford on market, like the water-jet oxford, shows great competitiveness. The spot exchange of imitated fur fabrics also has some increase in amount, as well as the orders and shipping amount.
Today, FDY PFY closed at 99.52, increased 0.50; POY PFY closed at 102.45, increased 0.47; DTY web yarn closed at 107.56, increased 0.46. Among the raw material fibers, the FDY POY has the greatest increasing rate. The spinning factories changed the balanced production-marketing to keeping storage recently, but the stock pressure of polyester yarn is low. With the downstream fabrics’ selling becoming smooth and the increasing trend of upstream material’s prices, the polyester yarn price keeps a strong tendency.
The PFY has great profit. The price difference between the material chips and the finished yarn is as high as hundreds Yuan per ton. The spinning devices which were invested by several manufacturers last year are going to add new capacities this year.
The leading products’ prices are as follows. FDY 50D/24F-19,300 Yuan/ton; semi-dull FDY 68D/24F-17,600 Yuan/ton; FDY 100D/48F-16,000 Yuan/ton; FDY 100D/72F-16,400 Yuan/ton; POY 50D/48F-16,500 Yuan/ton; web yarn of DTY 75D/72F-19,700 Yuan/ton.
The differentiated cation yarn’s quotation keeps steady and the trading volume is low. At present, the closing price including 6-month acceptance and short trip delivery of the CDP chips in the upstream raw material market is around 14,300 Yuan/ton. The downstream buyers are so careful that the purchasing power is hard to promote. Poly/Poly compounded yarn price keeps steady and the trade volume is small. The upstream raw material price is rebounding and the spinning factories will increased the price afterwards. The sea-island compounded yarn is selling good and the Poly/Nylon compounded yarn sells stably. Although the downstream market is about to enter the March busy season and the good selling fabrics including T/N/C and Moss Peach Skin is on market, the buyers are still cautious. The Poly/Nylon compounded yarn will still sell steadily later. The selling of cation fabrics and linings is increasing. It is predicted that the selling trend of cation yarn will be rise next week, but the price is hard to increase.
The upstream polyester material price continues to increase slightly. The half cash and half acceptance payment of the semi-dull filament chips is far beyond 10 thousand Yuan mark, which now reached 13,700 Yuan/ton. The corresponding PTA’s market price broke through 10 thousand Yuan/ton mark to 11,800 Yuan/ton. The MEG price is 9,900 Yuan/ton.
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