Sluggish Market Sale Chemical Fiber Index Dropped Slightly
Author: Jul 27, 2011 10:24
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---26th July, Commerce Department China ·Shengze Silk & Chemical Fiber Index Comment
168Tex News: Shengze index dropped slightly by 0.02 points today, closed t 98.94 points. Among which, chemical fabric price index dropped 0.03 points, closed at 98.08 points, chemical fiber index is closed at 100.26 points, increased 0.03 points. From chemical fiber product price index graph, we can figure out that the market quotation downtrend is somewhat mitigated.
 1.See from fabric quotation
On chemical fabric index trend, today, Shengze fabric quotation continue to fall back, which is closed at 98.08 points, dropped slightly by 0.03 points in compare with that of yesterday. On operation rate, for the high temperature day continues, the market enter into electricity using peak time, and for the load shedding influence, today, water jet and air jet loom operation rate is around 60%.
See from the market sale, the overall textile market is in the slack season, in addition with the twofold pressure from China and abroad, trade orders gradually south Asian forward. For the financial constraint and cost increase, many manufacturers dare not to do big orders. Some manufacturers reflect, price is not the main factor to take into consideration, but to consider the risk of capital turnover and the period, now domestic sale order takes a prior consideration. See from conventional fabric index, such as polyester taffeta, chiffon, satin, polyester pongee and etc decreased in different degrees. Autumn fabric sale partially go smooth like woolen fabric, and jackets fabric.
 2.See from feedstock quotation
Today, chemical fiber index continue to go up. The main boost factor is for the poly fiber price goes up. According to report, DTY products quotation in the major direct spinning plants is increased by 100CNY, while FDY and POY price keeps unchanged. Now FDY50D/24F acceptance price is 17400CNY/t, DTY75D/144F acceptance price is 19900CNY/t. FDY50D/36F acceptance price is 17500CNY/t, semi-bright FDY55D/24F acceptance price is 17400CNY/t. FDY50D/24F cash take price is 16900CNY/t, POY 150D/144f spot exchange price is 15300CNY/t. Manufacturers reported that the production and consumption rate is 120%.
PTA price continue to go up, PTA quotation in China market keeps firm, suppliers offer the price of 9400CNY/t, and quotation abroad increased slightly, Taiwan goods is increased to $1210, Korea goods quotation is $1185, real deal is rare. To see comprehensively, currently the downstream polyester products price stabilized, PTA rigid demand increased, and together with upstream feedstock price keeps firm, PTA price will continue to go up in the short term, from which, we can find that upstream feedstock price is possibly to go up, thus chemical fiber index will probably go up.
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Editor: Candy From: 168Tex.com
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