Low Production and Marketing Rate Chemical Fiber Index “Low in 6 Trading Days in a Row”
Author: Apr 25, 2011 11:21
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------22nd April Commerce Department China·Shengze Index Comment
168tex News: 22nd April, according to statistics surveyed by Commerce Department China·Shengze Index, chemical fiber index falls all fronts. Today, Commerce Department China·Shengze Silk & Chemical Fiber Index fall sharply to 98.80 points, which fell 0.19 points in compare with the previous trading day. Of which, chemical fabric price index hasn’t able to continue its up trend that tend to weaken, in compare with the previous trading day, it fell 0.18 points, closed at 97.75 points. While today, chemical fiber index continue the down tendency of the 6th trading day, which is closed at 100.67 points, fell 0.06 points in compare with the previous trading day.
1. See from fabric marketing.
Today, chemical fabric price index is also not able to continue its up trend, stops rising and tend to be weaken, which is closed at 97.75 points, in compare with the previous trading day, it fell 0.18 points. Today, fabric marketing falls slightly in Shengze market. Quotation for conventional fabrics and linings keeps stable. On loom operation rate, water jet loom and air jet loom operation keeps around 80%. And as for warp-knitted loom, for its high demand, its operation rate maintains at 90%.
See from detailed products marketing, mostly are garments orders, other fabrics like, knitted home-textile, industry cloth, ads cloth also sales considerably. It is reported that hot-selling products in Shengze market is variously, such as chemical fabric, cotton fabric, multiple material mixed fabrics, but the profit margin is not that big. Of which, N/T fabric sale rose up, especially 200D stretch slubbed N/T fabric sales volume rise up notably. For this kind of fabric, it characterized in its bright color and smooth hand feeling besides with its N/T special two-tone effect. So, it can be used for jackets, wind-proof garments, and also apply to high-grade apparel linings, also it can be made into bedding, curtain, cushion, desk cloth and etc. Generally speaking, this fabric is widely used, so its sales volume rises up continually.
1. See from material market.
Today, chemical fiber index continue the down trend of the 6th trading day, closed at 100.6 points, fell 0.06 points in compare with the previous trading day. See from upstream material market, international crude oil price rise continually since 21st. By bid closing, New York Commodity Exchange light crude oil futures (June deliver) price rise 84 cents, close by $112.29 per barrel; on London market, the North-Sea Brent Crude Oil futures price (June deliver) price rise 14 cents, closed by $123.99 per barrel. Today, as for PTA spot goods market, Eastern China domestic quotation keeps stable, suppliers offers 10800-10900CNY/t. PTA quotation abroad fell slightly, Taiwan ship loaded goods quotation fell 10 cents to $1390-1400/t and Korean quotation fell 5 cents to $1385-1390/t.
See from chemical material market, today, poly fiber quotation weakens and its production and marketing rate is averagely. Full dull super major plants quoted low, and some kind of DTY products marked down by 200CNY/t, POY products marked down by 100CNY/t. Now, full dull DTY50D/72F is quoted at 26100CNY/t (Acceptance in 6 months), POY 75D/72F is quoted at 18400CNY/t (Acceptance in 6 months). Other yarn spinning plants quoted unchanged, such as a melt spinning plant quoted semi-bright FDY40D/24F at 19700CNY/t, while another plant quoted FDY50D/24F for cash take price at 17500CNY/t. Today, poly fiber makers in Xiaoshao market quoted unchanged. A local super major plant quoted FDY66D/24F at 16300CNY/t for acceptance price, another super major plant quoted DTY150D/288F at 17600CNY/t for acceptance price and POY 150D/144F is quoted at 14410CNY/t for cash take price.
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Editor: Candy From: 168Tex.com
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