Index Volatile Consolidate
Author: Aug 10, 2011 10:47
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---9th August Commerce Department China• Shengze Silk& Chemical Fiber Index Comment
168Tex News: 9th, August, according to the data of Shengze index, today, chemical fiber index began to fall slightly. The general index dropped 0.04 points, closing at 98.71 points, among which, chemical fabric price index dropped 0.06 points, closing at 97.96 points, chemical fiber index was closed at 99.86 points, increased 0.04 points.  1.See from fabric market
Today, chemical fabric index began to downward, closing at 97.96 points today. On the general, recently fabric index was at a volatile consolidate condition. Fabric sale in China market is relative slack. On operation rate, water jet and air jet loom operation rate keeps around 70%-80%. See from fabric sale, a kind of thick fabric made from polyester viscose fiber becomes popularized on the market. With the autumn and winter apparel coming into the market, autumn fabric also enter into the traditional busy season. T/R viscose wool like fabric has become the best seller of the staple fiber products. But for the load shedding program, its greige out put is still limited. Sometimes it is in short supply and its price keeps stable. In popular goods market, T/R one ply yarn 40S, 42S slim fabric out put gradually reduced for its low sales volume, but T/R double ply yarn 40S, 42S still sales well and maintained a stable price.  2.See from feedstock market
Today, chemical fiber index stabilized, closing at 99.86 points. See from upstream feedstock, crude oil price slumped overnight, the Sept delivery New York crude oil futures price is closed at 81.31 points, PX price continue downward, and Asian PX price has dropped to $1513. Today, PTA quotation in China market slightly increased, suppliers offer the price of 9700CNY/t, and quotation abroad kept firm, Taiwan cargo was quoted at $1260 and Korean goods was quoted at $1240. See from chemical feedstock price trend graph, today, poly fiber price quotation in China market stabilized. Now a local major direct spinning plant quoted FDY75D/144F acceptance price at 16900CNY/t, FDY55D/24F acceptance price at 17400CNY/t. Another major direct spinning plant quoted FDY50D/24F acceptance price at 17600CNY/t, DTY75D/144F acceptance price at 19900CNY/t. The other major plant quoted FDY50D/48F cash take price at 16800CNY/t, bright FDY40D/24F cash take price at 16600CNY/t. Manufacturers reflect that buyers are mostly hold an wait and see attitude and inquiries are quite few. Chemical feedstock index slightly increased after it dropped for the whole last week. But for the volatile global economic environment, which put the market in uncertainty, thus chemical feedstock index aftermarket might volatile consolidate.  |
Editor: Candy From: 168Tex.com
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