Favorable Factors Take the Lead Index Rebound Strongly
Author: Jul 18, 2011 12:15
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--11th July -15th July Commerce Department China ·Shengze Silk & Chemical Fiber Index Comment
According to the data from the chosen 350 enterprises, Shengze index fluctuated. Of which, the general index of chemical fiber was closed at 99.09 points, increased 0.08 points in compare with that of last week. Chemical fabric price index firstly down then rose up, which was increased slightly by 0.05 points, closed at 98.25 points. Chemical fiber index bounce back strongly, which was closed at 100.14 points, increased 0.14 points in compare with that of last week. Meanwhile, cocoon silk products price index continue the low and weak trend, closed at 102.32 points, dropped 0.06 points, comparing with that of last week.
 (The general price index graph for recent chemical fiber products)
As the chemical fiber product price index graph indicates, chemical fiber index firstly went down then mount up. For autumn and winter fabric sale walk along free, the overall fabric sale in China increased. In additional, the upstream feedstock, PTA futures price jumped up, and with the boost of polyester market mounted high, feedstock market sale like a hot cake. Poly fiber price and sales volume went up together, which in return, leading fabric sale up. But cocoon silk products this week still stay weak for the low market demand.
 (Chemical fabric price index graph)
Chemical fabric price index went down first then mounted up, which was closed at 98.25 points, increased 0.05 points. Summer fabric sale in Shengze market declined slightly, while autumn and winter fabric sale walk along free. On products price, upstream feedstock price bounce back strongly, with boosted fabric price up. On operation rate, water jet, air jet, and warp knitted loom operation rate was around 70%-80%。
See from recent fabric sale, coated fabric, bonded fabric, embroidery fabric, burnt out fabric, embossed fabric and some other after finish products sales well. Slim fabric sale turns weak. T/C fabric, Jacquard fabric clinch a deal partly. Yarn dyed cation fabric, jacquard and Oxford fabric, DTY Oxford fabric turns over increased. In detail, underwear fabric, hood fabric sale walk along free partially. Pure cotton fabric, T/C fabric, bamboo fabric, viscose fiber fabric, soy been milky fiber fabric are mostly circular knitting fabric.
According to report, micro soft short floss fabric sale well, which belongs to the conventional suede fabric. It superiority is its soft hand feeling, comfortable wear, and good warmth retention property, which can also used for cushion cover, suitcase and bags accessory. Moreover, among the hot selling autumn and winter fabric, small corn check fabric is greatly welcomed, whose warp feedstock is 250DDTY and weft adopted 320D N/T compound fiber, with small jacquard pattern, woven through water jet loom. For its new style, it is greatly welcomed by customers.
 (Recent chemical fiber price index graph)
See from feedstock, chemical fiber index bounce back strongly, which is closed at 100.14 points, increased 0.14 points. On upstream feedstock price, under the influence of macro monetary policy and some other factors, crude oil price generally slumped this week. By 14th July, the Aug delivery crude oil futures price was closed at $96.69 per barrel, slumped $3.02 and the drop amount is 3.06%. In London market, the Aug delivery North Sea Brent oil futures price is closed at 118.32 points, dropped $0.27, the dropped amount is 0.84%. PTA spots market this week present a V shaped price trend. On Wednesday, PTA quotation in China and out abroad fall back to 8900CNY and $1145 respectively. But crude oil and PX price bounce back, which brought the support for PTA price. By Friday this week, PTA quotation in China increased to 9150CNY and quotation out abroad, the Taiwan ship loaded cargo was quoted at $1170, Korean goods quotation was at $1150.
See from feedstock price trend, poly fiber was increased on both price and sales volume. Of which, FDY and POY increase amount increased greatly, DTY increase amount is relatively small. Poly fiber market in China generally sales well. Production and consumption rate in the mainstream plants reaches 100-150%. Most plants stock amount lowered down. FDY price increased the most, for its price is on the low side in the former period, with the market rebound, FDY price was boosted up. This week, the mainstream plants quoted FDY50D/24F acceptance price at 16500CNY/t. POY price increased notably. In the later week, with the boost of PTA price jump up, POY product price increased overall. The general increase amount is around 200-300CNY/t, mainstream plants quoted POY 150D/144F cash take price at 15000CNY/t. DTY price increased slightly. DTY was increased by 100-200CNY/t. Now the mainstream plants quoted DTY150D/144F interlacing yarn fiber price at 16900CNY/t.
 (The recent cocoon silk products price index graph)
Cocoon silk products price continue the former weak trend, which was closed at 102.32 points, dropped 0.06 points. Cocoon fiber price in white plants dropped from the peak in the end of June, which means the risk is released. Silk cost proportion is too high, take up fund, financial burden is heavy. This week, cocoon silk price present the feature of price up and volume decrease. Mainly because the long term silk price inhibit consumption, both domestically and out abroad. As the data shows, the recent fabric exportation is decreased by 10%, while the price is increased by 30%. Fiber exportation reduced slightly, while fiber price was increased by 40%, order reduced generally. To avoid from risk, manufacturers would rather do less orders than do wrong for it would bring about great loss.
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Editor: Candy From: 168Tex.com
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