Hard Markup of Polyester Fiber Increase Demand Boost Fabric Price
Author: Mar 18, 2011 10:56
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--3.10-3.17Commerce Department China·Shengze Silk & Fiber Index Comment
This week, Commerce Department China·Shengze Silk & Fiber Index, general index increase 0.14points, closed at 98.49points. In which, chemical fabric index increase 0.2points, closed at 97.45points; chemical fiber index closed at 101.5points, dropped 0.24points; and cocoon silk product closed at 101.23points, increased 0.07points, compared with the previous period.
 From the index graph, we can find that all kinds of chemical products are in a favorable upward trend, order quantity is also increased greatly compared with last week. Chemical material price stays high, which cause the resentment mood of the downstream weaving factories, but it makes no disturbance in the marketing improvement.
This week, the sales volume of spring and summer fabric stably increases, which could been find from the production operation of weaving factories. In addition, affected by factors of environmental inspections and cost increase, kinds of best sellers are marked up by 0.1-03 CNY/m, like stretch satin, chiffon, plain peach skin, taslon and etc. On marketing, this week, the best sellers are still apparel fabric and home textile in the Shengze market. Such as 70D*32SN/C. The upstream cotton price increases, cause the cost increase, but due to the change of N/C, increasing the nylon amount and reducing the cotton amount, which can not only keep its soft hand feeling, but also lower the cost. Besides, silk typed fabric also enjoy a favorable market, like 75D chiffon fabric, for the fabric is mainly for women’s address and are the most favored. Therefore, the need for chiffon fabric is rising, and even when the output is plunge, the prices are increased. Now, its quotation is 3.2CNY/m. Moreover, price for 75D chiffon yoryu, middle width poly span faille, honeycombed faille, is also adjusted on the basis of that of last week. Besides silk typed fabric, other fabrics like polyester pongee, taslon, Oxford, peach skin velvet also sales well. Generally speaking, the market for all kinds of fabrics is favorable. On lining fabric, with the increase demand for fabric, kinds of polyester taffeta and poly trilobal are up raising the price by 0.2CNY/m or so. Meanwhile, its sales volumes are also noticeable. Even the low density taffeta like 170-320T also falls the shout of demand. It is reported that some super majors are stock pilling the fabric in case of shortage, which occurred last year.
On operation rate, this week, the influence of environmental inspection has been fading off. Water jet looms and air jet looms operation rate reaches 80% or so, which is most favored by the busy season of March.
See from chemical fiber, this week, the PX spot goods is shoot up, affected by the Japanese earthquake, which boosted the forward price. But the great price plunge of Japanese economy cause some panic of the market, and also the slack crude oil price forms some kind of pressure to the market. Currently, PX mechanical operation rate stays high, but the end need in the downstream has not recovered. The global panic mood will continue in a short term, bulk goods price will be hard to increase, and PTA price will continue its fluctuation trend. On spot goods, eastern China market stabilized, which is quoted at 11500-11550CNY/t, inquiries from the subordinate market are rare, the strike price is mainly at 11450CNY/t, but the real transactions are also rare.
On subordinate market, at the end of this week, semi-dull polyester chips market state is normal, half cash half acceptance and self fetch price is 13650CNY/t. Bright polyester chips market state is also normal, and the quotation is 13550CNY/t. For the waste water restriction measure that has been carried out in the Jiangsu and Zhejiang Province, the upper material price drops down, which brings about the wait-and-see mood on the poly fiber market. In addition with the low procurement of the subordinate weaving factories, the poly fiber manufacturers encounter a low production and marketing rate. Some kind of products encounter with the pressure of stock. Quotation in the local market changes little. Now, POY75D/72F is quoted at 18100CNY/t, POY150D/114F (Acceptance in 3 month) is quoted at 14950CNY/t, FDY50D/48F is quoted at 20000CNY/t, and DTY150D/48F is quoted at 16500CNY/t. The polyester fiber price is expected to be in its adjustment period in the short term
This week, cocoon silk gradually walk on its way. The demand for raw silk is enlarged. Thus its price rebounds with the influence. But due to the shortage of raw cocoon, the stock of cocoon silk reduced, that boost the dried cocoon market price. The subordinate apparel, home textile industry is planning to markup, which will definitely bring some shock to the cocoon market. With the markup of kinds of raw material, cocoon silk will surely make the adjustment. See from the after market, with the operation of silk factories one by one, we believe the demand for raw silk will rise. Taking the unpredictable time of cocoon that comes into the market, generally, the raw silk price will not change too much in the short term. The dried cocoon price will lose its support after the peak of the price.
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Editor: Candy From: 168Tex.com
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