Spring Orders Forced Index Stops to Rise Up

    Spring Orders Forced Index Stops to Rise Up

     11th Mar, Commerce Department China•Commented by Shengze Index

    11th Mar, As Commerce Department China•Shengze Index shows, Chemical index rallied today. The index stops to rise up, close at 98.38 points, rose 0.03 points compared with the previous day. Among which, chemical fabric price index also rise up, close at 97.28 points, rose 0.03points compared with the previous day. But today, chemical fiber index failed to continue its rise trend, falling slightly by 0.06points, close at 101.68points, compared with the previous day.

    1. See from fabric market

    Today, chemical fabric stops to rise up, showing an upward trend, closing at 97.28 point, rose 0.03 point compared to the previous day. March is the busy season of textile trade. Today Shengze market enjoys an ideal fabric sale, product price stabilized. On operation rate, which was affected by the environmental power brownout factor, it maintained at 60%to70%.

    See from specific kind of fabric sales, today, most orders are spring and summer fabric order and silk typed fabric takes the selling leads. Among which, 75D chiffon is priced at 3.1CNY/m, broad width Faille is priced at 4.4 CNY / m, honeycombed faille is priced at 3.2CNY/m. For silk typed fabrics are the featured products of women’s wear in spring and summer, its sales volume will continue its rise trend. Besides, 20D polyester taffeta plaid also sales well, whose density increased to 400T, therefore, its main application is made to be tarpaulin.

    2. see from the raw material market

    Today, chemical fiber index failed to continue its rising trend of the previous days, falling slightly by 0.06points, close at 101.68points. See from the upstream raw material market, the world crude oil price will continue to fall. At closing, the North Sea Brent spot oil price falls 51cents, closing at $115.43, in New York Mercantile Exchange. Today, PTA spot markets stabilized, which drive the eastern China market smoothly operated. Suppliers’ quote is around 11500-11550CNY/ton, external quote is between $1505-1510/t. South Korea quotes around $1500-1505/t.

    See from chemical fiber material market trend, today, polyester fiber price appears to be standstill. The local mainstream big manufacturers’ quotation changes little. There is a little fall in production and marketing compared with that of previous day. Among which, a direct spun manufacturer quotes FDY/24F 19900CNY/t(Acceptance in 6 month), DTY75D/72F is quoted at 21600CNY/t (Acceptance in 6 month), POY75D/72F is quoted at 18100CNY/t(Acceptance in 6 month). Another melting spinning manufacturer quotes DTY150D/48F 18000CNY/t, and FDY50D/48F 20000CNY/t.