Slack Season Comes Index Will Continue to Fall
Author: Jul 11, 2011 17:30
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168Tex News: This week, the general index of Commerce Department China·Shengze Silk & Chemical Fiber Index dropped slightly by 0.13 points, closed at 99.03 points, of which, chemical fiber index dropped 0.04 points, closed at 99.94 points.
 See from index trend graph, chemical fiber product index is generally downward for the reason that it comes into the slack season. Orders are distinctively reduced than the previous period. With the finish of former orders one by one, the market turn over fall back. Feedstock index fall on overall, for the main reason is that weaving plants are mainly process by inventories, and by this week, the inventory is basically used up, so it saw in the phased inventory covering, but for the nondeterminacy, covering volume is not big, so feedstock index fell back slightly.
 See from fabric sale in Shengze market, summer slim fabric sale went weak. Chiffon and knitted poly stretch fabric sale went weak distinctively. But still there are some products sales well on the market, such as 50D, 75D dull chiffon. In addition, the medium and thick autumn fabric demand is increased, mainly pure cotton fabric, mixed cotton fabric, and imitated cotton fabric. A kind of stripe jacquard tencel fabric stand out of the market. As for this fabric, it is mainly used for sports wear and outdoor apparels. Its feedstock adopts tencel fiber, which belongs to recyclable fiber, woven by which belongs to environmental friendly fabric. This fabric combines the superiority of tencel fabric, cotton woven fabric, poly woven fabric, wool fabric and also silk feeling fabric. As is shown, the width of the fabric is around 150cm, currently the unit price is around 28CNY. With the development of outdoor life and outdoor industry, outdoor activity, casual wear, is more and more welcomed by customers. It is estimated that its sales volume is to go up aftermarket.
 On chemical fiber, poly fiber market price changes a lot, only a few of short supplied products marked up slightly. With the influence of covering inventory, poly fiber market turns over rebound up, poly fiber plants inventory reduced distinctively, but it come to dull by the weekend. The mainstream manufacturers in China quoted FDY50D/48F at 16600CNY/t (6 month acceptance), DTY150D/144F was quoted at 17000CNY/t (6 month acceptance). POY 150D/144F cash take price was quoted at 14800CNY/t. DTY150D/144F mainstream, cash take price was quoted at 17000CNY/t. For the strict load shedding program, poly fiber price is hard to rise up after market.
Polyester feedstock price trend keeps stable, which greatly boosted the downstream product price trend. Of which, PTA quotation in China was quoted at 9100CNY/t, actual strike price was around 9050CNY/t. Quotation out abroad, Taiwan ship loaded cargo was quoted at $1170/t, and the actual negotiate price was at $1160-$1165/t. Korean goods quotation was at $1150/t, actual strike price was at $1145/t, basically on line with that of last weekend. MEG quotation in China of this weekend is $9370-$9400/t, strike price is estimated at 9350-9380CNY/t. There is little difference with that of last weekend. Semi-bright chips mainstream price is stroke at 11900-11950CNY/t (cash take), some are even stroke as high as 12200CNY/t.
 Cocoon silk fabric index was closed at 102.38 points, dropped slightly by 0.09 points. When it comes into July, high price Cocoon fabric saw in the change. By the beginning of last month, cocoon silk price hit the peak of 410 thousand, then soon comes the turning point. Cocoon silk price increased for two year, the increase amount reached 150%, which greatly curb cocoon silk consumption. Business in the field reflected that cocoon silk orders reduced 20%, and also the quantity is reduced by most orders. Currently the price of 390 thousand per ton is still too high, the price will continue downward. Therefore cocoon silk index will fall back in the short term.
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Editor: Candy From: 168Tex.com
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