Feedstock Index Rebound Up Strongly
Author: Jul 15, 2011 14:34
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--14th July Commerce Department China ·Shengze Silk & Chemical Fiber Index Comment
According to the data of the chosen 350 companies, the general index of chemical fiber increased slightly, closed at 89.02 points, and increased 0.03 points. Chemical fabric index slightly increased 0.01 point, which was closed at 98.21 points. Chemical fiber index closed high at 100.09 points, which increased 0.06 points in compare with that of yesterday.
 Today, every index has increased, for the main reason is that recently price rebounded up. Feedstock price increased for the boost of PTA futures price increase and polyester chips price mounted high. Both feedstock price and amount increased notably. With feedstock price goes up, fabric price was boosted up, therefore, the general index went up slightly.
 See from fabric sale on the market. Slim fabric sale is weakened. But silk typed fabric sale is still considerable. Of which, chiffon fabric sale still has large market potential. For the cotton price slump recently, T/C, Jacquard fabric and some other cotton fabric sale decreased. Currently, the thick type fabric and extra soft short plush fabric sales well. On operation rate, water jet loom, air jet loom, and warp knitted loom operation rate is around 70%-80%.
 Chemical fiber index rebound up for feedstock price and sales volume goes up. Poly fiber quotation generally goes up, the increase amount is around 100-400CNY/t. A direct spinning plant in Shengze increased FDY price up by 200-300CNY/t. POY price was increased by 100-200CNY/t. Some DTY products price was increased by 100 CNY. FDY75D/144F acceptance price was quoted at 16600CNY/t. Another melt spinning plants increased FDY price by 100-300CNY/t, DTY was increased by 100-200CNY/t. Sea-island compound fiber price stabilized, now DTY225D was quoted at 19800CNY/t.
Recently, upstream feedstock price will continue to go up. PTA main force 1201 contract is settled at 9274CNY/t, increased greatly by 196CNY/t. Semi-bright chips mainstream was increased to 12500-12800CNY/t (cash take); bright chips mainstream also increased to 12100CNY/t(cash take). After the hot sale these days, downstream stock slumped sharply. After market feedstock price is estimated to up.
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Editor: Candy From: 168Tex.com
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