Snowy Weather Makes the Index Get Cold --Jan, 20 Commerce Department China, Comment on Shengze Index

Jan, 20, according to the data monitor of Commerce Department China-Shengze Silk and Chemical Fiber Index, the index continued to have both ups and downs tendency. The overall Index kept weak, and closed at 98.15, which fell back 0.06 compared with last trading day. Among all the indexes, the chemical fabrics’ price index kept dropping fatigue since the sixth trading day, which fell back 0.08 compared with last trading day and closed at 96.69. However, the chemical fiber index kept growing for the seventh trading day, which closed at 101.39 and increased 0.11 compared with last trading day.

The following graph is the index of chemical fiber products

The following graph is the chemical fabrics’ index

On Jan, 20, the chemical fabrics’ price index kept dropping fatigue since the sixth trading day, which fell back 0.08 compared with last trading day and closed at 96.69. See from the overall sales figures of Shengze fabrics market, with the coming of the Spring Festival, the weaving factories where slowing down their production, which led to a 50% and even lower rate of running machines. Besides this, the snowy weather in recent days also affected the orders in the market and the sales in the fabrics and lining market continued to have a reducing tendency.

At present, if we take a look at the specific products sales in Shengze Market, it is continuously dropping in clothes, home textile and luggage categories. Among these categories, the conventional fabrics like suede, peach skin, pongee and taffeta all have a flat selling and there is no big change for them. Only some spring and summer fabrics are selling well in the market now. It is said that, fabrics like 75D*150D printed koshibo has some demand from the buyers. This fabric is greatly needed for spring and summer women’s wear and wins the buyers’ favor, because of its soft feeling, good draping, small wrinkles on the cover and its steady quality with moderate price. Except this, a 50D*68D cation and check chiffon has a good selling recently. This fabric is a new fashion textile that promoted in Shengze for spring and summer women’s wear. Its light hand-feeling and the double-check design are the biggest selling point. This fabric is mostly used for chiffon clothes, skirt and home textile by the clothes manufacturers.

The following graph shows the chemical fiber’s tendency

The chemical fiber index kept growing for the seventh trading day, which closed at 101.39 and increased 0.11 compared with last trading day. See from the raw material market in the upstream, the international crude oil futures dropped in Jan, 19. Ended by the closing, the delivered light crude oil price of February dropped 52 cents in NYMEX (The New York Mercantile Exchange), and closed at 90.86 dollars/drum; the crude oil futures increased 36 cents in Brent North Sea of London Market and closed at 98.16 dollars/drum. The PTA spot market price kept growing up. In the inner market of East China, the price slightly increased; the hold goods suppliers’ quotations increased 50 Yuan/ton and was closed to 10, 800-10, 850 Yuan/ton. The mainstream negotiated price was around 10, 700-10, 750 Yuan/ton. It is also increased in the outskirt PTA market. The Taiwan goods’ quotation increased 20 dollars/ton and was closed to 1, 390 dollars/ton, and the Korean goods increased 20 dollars/ton and closed to 1, 370 dollars/ton.

If we take a look at the chemical fibers’ raw material market, the polyester yarn price kept increasing in Shengze, but was affected by the snowy weather; and the trading volume had certain weakening. A local direct spinning factory reported a 200-Yuan common increase of POY. And POY 150D/144F was quoted 15, 000 Yuan/ton; the increasing range of FDY was around 200-800 Yuan/ton, and the FDY 50D/48F was 19, 000 Yuan/ton (6-month Acceptance), FDY 75D/144F was 17, 000 Yuan/ton; the price of DTY was the most steady one, and the low-stretch DTY 75D/72F was 20, 300 Yuan/ton, micro-web DTY 75D/144F was 20, 600 Yuan/ton. Another manufacturer reported that some of FDY products increased 100-200 Yuan/ton and parts of DTY products increased 100 Yuan/ton. They quoted full-dull FDY 40D/48F at 20, 100 Yuan/ton, full-dull FDY 48D/48F 19, 000 Yuan/ton, full-dull POY 50D/72F 18, 800 Yuan/ton and the acceptance price of POY 75D/72F was 17, 400 Yuan/ton.