Chemical Index Fall Market Gradually Turns Slack
Author: Jun 29, 2011 09:45
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--28th June, Commerce Department China·Shengze Silk & Chemical Fiber Index Comment
168TEX NEWS: As Commerce Department China·Shengze Silk & Chemical Fiber Index shows, today, both material index and fabric index continue to fall. Of which, chemical fiber index dropped 0.05 points, comparing with Monday, which was closed at 99.07 points. Chemial fabric price index dropped 0.03 points, closed at 98.27 points; chemical fiber index closed at 100.03 points, dropped 0.07 points. See from chemical fiber price index graph, we can find that recently the market atmosphere is turning slack.
 See from chemical fabric index graph, today, Shengze fabric market continue its downward. And see from detailed fabric index, polyester taffeta dropped from 101.37 points to 101.13 points. Chiffon dropped from 118.26 points to 117.71 points, and polyester pongee dropped from 94.12 points to 93.74 points. Poly Trilobal dropped from 98.82 points to 98.50 points. The above fabrics are the most conventional fabric on the market, thus they are in stand for the overall market. Recently chemical fabric index is generally going down, which indicated that in the slack season, chemical fabric market is turning slack rapidly.
 Chemical fiber index also continue to go down. The main reason is the overall falling of poly fiber price. Quotation for mainstream poly fiber in China is generally marked down. A super major melt spinning plants marked its DTY price down by 100-200CNY/t. Some bright micro fiber FDY dropped 100-200CNY/t. Now its DTY75D/144F cash take price was quoted at 19300CNY/t. A local direct spinning super major plants reduced 100 CNY for POY products, DTY was reduced 100-200CNY/t for part of the products and FDY price can has the concession of 100-200CNY/t when place the order. Now, DTY 150D/144F quotation was at 17100CNY/t (6 months acceptance), semi bright FDY50D/48F cash take price was quoted at 16000CNY/t. Poly fiber price in Taicang market weakened. Now a local super major plants gives 100CNY/t for some FDY products. POY was dropped by 50-100CNY/t. Now FDY50D/24F cash take price was quoted at 15400CNY/t, POY 150D/144D cash take price was quoted at 14800CNY/t. Manufacturers reflected that the morning inquiry atmosphere is live, but real deal is few.
In addition, poly material price continue downward, PTA futures price has dropped down below 9000CNY, adding on the heavy wait and see attitude of the weaving manufacturers, material procurement is mainly buy in according to need. Under the double pressure of high cost and low demand, poly fiber price will go down in the short term. Material price after market will continue downward and chemical fiber index will surely go down.
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Editor: Candy From: 168Tex.com
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