Off Season Comes Both Material and Fabric Index Go Down
Author: Jun 28, 2011 13:39
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---27th June Commerce Department China· Shengze Silk & Chemical Fiber Index Comment
168Tex News: Commerce Department China·Shengze Index indicates that today, both material index and fabric index went down. The general index was closed at 99.12 points, 0.06 points down in compare with last Friday. Of which, chemical fabric price index was closed at 98.30 points, 0.05 points down, comparing with last Friday. Chemical fiber index continue to drop, which was closed at 100.10 points, dropped 0.04 points.
 1. See from the market situation
 Under the influence of greige price slightly dropping, there is little favorable factor to boost fabric price index up. Therefore, chemical fabric price index falls back after the rebounding of last Friday. Today chemical fabric price index was closed at 98.30 points, dropped 0.05 Water jet loom and air jet loom in Shengze market is around 70%-80%.
Generally, price of plain woven fabric is stable. Poly trilobal fabric, knitted jacquard lining fabric, full dull poly taffeta, and warp knitted suede fabric turns over increased. Memory fabric like imitated memory fabric sales well. Jacquard fabric, poly taslon, nylon poly fabric sales volume also enlarged.
2. See from material quotation
 With the influence of material price weakened, chemical fiber index has continued the downtrend for over ten days. Today chemical fiber index was closed at 100.10 points, dropped 0.04 points, comparing with that of last Friday. See from material price, Asian MX price dropped $12.5 to $1162/t, FOB Korea, naphtha price dropped $36 to $898/t, CFR Japan. Asian PX price dropped $14 to $1410/t, FOB Korea, European PX price dropped $14 to $1430/t, FOB Rotterdam. Today, PTA quotation in China stabilized, suppliers’ quotation stabilized at 9300CNY/t, quotation out abroad dropped slightly. Taiwan cargo quotation was $1180, and Korean quotation fall to $1165, but actual deal is rare.
See from chemical material quotation trend, today, poly fiber quotation weakened. For example, the mainstream poly fiber plants keeps price unchanged. A melt spinning super major plant quoted its FDY50D/48F for cash take price 16400CNY/t, DTY150D/144F 17000CNY/t for cash take. Quotation in Taicang market stabilized. A local super major plants quoted its FDY50D/24F for its cash take price at 15500CNY/t, POY 150D/144F at 14900CNY/t. Inquiry for the morning quotation is few. Poly fiber quotation weakened. POY plants in Xiaoshan market are generally cut 100CNY down. Now DTY75D/72F interlacing yarn was quoted at 18700CNY/t. POY75D/72F was quoted at 15900CNY/t, 150D/48F was quoted at 14200CNY/t.
For the low buy in amount of material, poly fiber spinning plants keeps its production and marketing rate around 50%-80%. In order to occupy the market share, manufacturers will continue the price promotion. Therefore chemical fiber index will continue to fall.
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Editor: Candy From: 168Tex.com
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