Fabric and Material Index Go Down Side By Side
Author: Jun 22, 2011 13:51
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--21st June, Commerce Department China·Shengze Silk & Chemical Fiber Index Comment
168TEX News: Today the general index of Shengze Index dropped 0.08 points, closed at 99.24 points, of which, chemical fabric price index dropped 0.05 points, closed at 98.37 points, chemical fiber index closed at 100.26 points, dropped 0.06 points. See from chemical fiber products index graph, we can find that the recent market trend is downward.
 See from chemical fabric index trend, fabric sale in Shengze market calms down. See from detailed fabric index, such as polyester taffeta, dropped from 101.83 to 101.62 points. Chiffon dropped from 117.63 to 117.32 points, satin dropped from 103.86 to 103.42 points, and polyester pongee dropped from 94.67 to 94.23 points.
The above fabrics are the most conventional fabrics of the market and they take a big share of the market. The index graph showed that chemical fabric index is consolidating at a big range, from which, we can see that chemical fabric sale will calm down.
 Today, chemical fiber index went down slightly. The main reason for its falling is that poly fiber price went down. Poly fiber price in China stabilized, for example, a local melt spinning super major plant quoted its FDY50D/48F at 16900CNY/t(acceptance in 6 months), DTY75D/72F was quoted at 19200CNY/t (acceptance in 6 months). But the downstream weaving factories are overwhelmed with the wait and see attitude. Production and marketing rate lowered down. And today the mainstream poly fiber production and marketing rate turn back to 70% to 80%.
Today, PTA price tend to stand still, both buyers and sellers hold a wait and see attitude. Quotation at home was 9450-9500CNY/t, stroke at 9400-9450CNY/t or so. Quotation out abroad, Taiwan ship loaded cargo was $1200/t, stroke at $1195/t and Korean goods quotation was relatively low. Now the wait and see attitude overwhelmed the whole market, so raw material price was expected to lower down and chemical fiber index will also go down.
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Editor: Candy From: 168Tex.com
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