Market Trade Calm Down Index Drop Slightly
Author: Jun 24, 2011 16:18
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--23rd June, Commerce Department China ·Shengze Silk &Chemical Fiber Index Comment
According to the survey of the chosen 350 price picking enterprises, today chemical fiber products price index was closed at 99.15 points, dropped 0.04 points, comparing with Wednesday. Of which, chemical fiber fabric index dropped slightly, closed at 98.31 points today, and was 0.03 points down in compare with Wednesday; chemical fiber index was closed at 100.19 points, dropped 0.03 points in compare with Wednesday.
 With the boost of fabric and material price went down simultaneously, today chemical fiber products index dropped slightly. Fabric index went down, for the main factor of the coming of the summer season, the slack fabric season of the downstream market is closing and fabric sale start to fall back. Material index went down, mainly because weaving factories has covered short position in the previous time. Now material price tend to go down, thus part of the downstream factories mainly reduce their mounting inventories, procurement for material reduced.
 See from fabric sale, some high density fabric sales well, such as the 310T full dull twill taffeta fabric, which adopted FDY50D/48F fiber for its warp, and semi-bright FDY50D/48F fiber for its weft. After fine finish in the dyeing factory, and through repeated mirror surface calendaring and oil surface calendaring treatment, achieve an ideal down proof effect, which is comparable with high density dull nylon taffeta. And its greige price is about 4.1CNY/t, which is mostly used in casual wear making of the garments factories.
On operation rate, see from the current situation of the Shengze market, both water and air jet loom operation rate was kept at 90%.
 See from material sale, today material sale weakened to some degree. Although some products supply is still in tension, the general demand declined. Production and marketing rate in the main poly fiber plants dropped back to 70% or so, and some even dropped back to 40%. Material price in China is generally kept stable, now FDY50D72F was quoted at 17400CNY/t, DTY75D/144F light interlacing yarn was quoted at 19500CNY/t,DTY 100D/144F light interlacing yarn was quoted at 18200CNY/t.
Now the upstream poly fiber material price continues to go down. PTA futures price continue to fall in great degree. PTA spot goods price marked down, domestic quotation reduced to 9350CNY/t. Quotation out abroad, the Taiwan ship loaded cargo maintained at $1190, but the trade atmosphere is cold. MEG quotation for eastern China market maintained at 9400CNY/t, and quotation out abroad was negotiated at $1240 or so, but actual negotiation is few. Semi bright poly chips mainstream price was stabled around 11900CNY. The inventory amount of poly plants goes up slowly, which indicated that the will of poly fiber procurement of the weaving factories still exists. So, it is estimated that material price will consolidate in the short term, and the index drop room will not be big.
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Editor: Candy From: 168Tex.com
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