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--24th Mar Commerce Department China·Shengze Silk & Chemical Fiber Index Comment
24th Mar, according to the statistic surveyed by Commerce Department China·Shengze Silk & Chemical Fiber Index, chemical products index dropped 0.06 points in compare with that of Wednesday, closed at 98.49 points. Chemical fabric price index dropped 0.04 points, closed at 97.50 points. Chemical fiber index closed at 101.15 points, dropped 0.05 points.
(The above picture is the general index graph of chemical products in recent)
Today, there is a small degree of fall back in chemical products, chemical fabric and chemical fiber. The fall back is mainly due to the complement of the previous orders, and the follow-up orders have not put in place, thus the market see in its short term adjustment period today. In addition with the upstream material price is regularizing itself at a high price, the general turnover of chemical products dropped down. Currently, the energy saving and waste water restriction programs in Jiangsu and Zhejiang Provinces are taken out again, which lead the material digestion in low rate and in return, lead the stock piled up in material manufacturers. Some material manufacturers have start cut price sales. But the people’s mind-set of buy in price rise, not to buy in drop comes out, they become prudent in procurement. Mostly, they purchase according to demand, having no intention of stock material while the price is cut. All these contribute to the drop phenomenon of chemical fiber index. Under the double influence of fabric market and material market, the general index also dropped today.
(The above picture is the recent index graph of chemical fabric)
See from index of fabrics, the sub index mostly dropped today. For example, poly taffeta price index is closed at 100.41 points, dropped 0.13 points in compare with that of the previous period. Poly pongee index is closed at 96.30 points, dropped 0.1 points. Nylon Taffeta index is closed at 93.15 points, dropped 0.26 points. Poly peach skin index is closed at 99.84 points, dropped 0.12 points. C/T index is closed at 90.32 points, dropped 0.29 points. Poly Trilobal index is closed at 97.99 points dropped 0.14 points. Warp Knitted Suede is closed at 97.56 points dropped 0.17 points. FDY Oxford is closed at 96.46 points, dropped 0.09 points. Although most indexes are dropped today, but the degree is small, which reflect an overall good market of fabrics and today, the drop is just a short term adjustment.
See from detailed marketing, today, the conventional fabrics like poly pongee, taslon, oxford, imitated memory, and poly taffeta are delivered out continually in the Shengze market. Of which, the marketing of 1850D/48F stretch satin for spring and autumn wear is getting better. Such kind of fabric has the advantages of well air permeability, light weight, good shape, and bright in color, especially, its price is well situated, which is universally used in beddings, suitcase and bags, and etc. It can be also used for uniform wears after coating. Now the price is quoted at 4.5-4.7CNY/m. On operation rate, the water loom operation rate is 60%-70% and air jet loom is at 80%.
(The above picture is the recent index graph of chemical fiber)`
See from chemical fiber products, most indexes are dropped, such as FDY poly filament is closed at 98.32 points, dropped 0.44 points in compare with that of yesterday. POY filament is closed at 101.68 points, dropped 0.42 points. FDY cation fiber index is closed at 96.85 points, dropped 0.49 points. T/N compound fiber is closed at 96.01 points dropped 0.41 points. T/T compound fiber is dropped at 94.86 points, dropped 0.46 points. The graph indicates that the sub indexes are dropping recently as the result of the slack raw material marketing.
See from material market, the quotation in Jiangsu and Zhejiang provinces, continues its adjustment at a low price. For example, the quotation in Shengze market doesn’t change. A local direct spinning super major plant quoted FDY50D/24F at 19600CNY/t (Acceptance in 6 months). Another melt spinning plant quoted DTY150D/48F at 18000CNY/t. Another super major plant quoted FDY40D/24F at 19500CNY/t and a dull fiber maker quoted FDY66D/48F at 19500CNY/t. Quotation in Taicang market also keeps unchanged. For example, a local super major plant quoted POY 75D/72F at 17650CNY/t (Acceptance in 3 months) FDY50D/24F is quoted at 18900CNY/t. Another manufacturer offered 15300CNY/t for POY150D/144F. Xiaoshan fiber makers quote steady, such as the local super major plant quoted FDY66D/24F at 17800CNY/t, another super major plant quoted POY150D/144F at 14860CNY/t. While another super major plant quoted POY75D/72F at 17100CNY/t. Quotation in Tongxiang area also keeped unchanged. Now, a local plant quoted POY150D/144F at 15500 CNY/t. Differential products quotation also tend to be steady, like cation fiber FDY50D/24F, now it is quoted at 18900CNY/t.
See from upstream material quotation trend, oil price in New York continue to go up on 23rd. In New York Commodity Exchange, the closing quotation is $105.75 per barrel for the May take goods, which dropped 78 cents. It is the highest price since 26th Sep, 2008. In the London market, the May take goods of North Sea Brent crude oil is closed at $115.55 per barrel, which dropped 15 cents. Therefore, PTA spot exchange market tends to be steady today, of which, interior quotation given by the eastern China market is around 11650CNY/t. PTA external quotation also tends to be steady, Shipload goods in Taiwan market quoted around $1530-1535; and quotation given by Korea is around $1520-1525. Quotation for semi-dull and bright poly chips tends to be steady, the mainstream quotation is around 13550CNY/t; quotation for bright chips is around 13500CNY/t. Although, raw material price keeps firm, the downstream weaving factories keep a wait-and-see attitude, thus the stock pressure is heavy, and so the poly fiber quotation tends to be down in the short term.
Index Fluctuation Ranking Today
 
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