|
--Feb. 15, Commerce Department China, Comment on Shengze Index
This Tuesday, according to Commerce Department China-Shengze Silk and Chemical Fiber Index, the combined indexes regulated up 0.05 compared with it on Monday, which closed at 98.11. Among these, the chemical fabrics index was 0.06 up, and closed at 96.64; the chemical fiber closed at 101.48, and was 0.04 down.
The following graph is the index of chemical fabrics
Yesterday, various kinds of fabrics began to sell. Both of the visitors flow and traffic flow in the market increased much more than few days before. Therefore, there were many kinds of fabrics being on sale, especially the spring-summer fashion and home textiles. Take the nylon/cotton bamboo fabric for example. This fabric has a smooth and soft hand-feeling. With perfect vertical feeling and bamboo design on its cover, this fabric is more than fashion. It uses environmental dyeing, and is suitable for making casual clothes for women. It is now quoted at 11 Yuan per meter. For oxford fabrics, the 600D check oxford continued to ship after last trading day. For the factories’ employment, the absent employees’ amount is basically balanced with last year. For the operating rate, it is almost equal as the last trading day.
The following graph is the index of chemical fiber products
From the chemical fiber point of view, the Spring Festival is just finished, the downstream weaving factories haven’t restarted the operation and the substantial demand from the factories has not fully showed yet. Therefore, PTA is under the pressure of regulating down in a short term. Now the spot PTA goods dropped down to 11, 750 Yuan/ton. The buyers hold a wait-see attitude and the practical negotiated price is around 11, 700 Yuan/ton; the trading volume is small.
As for the polyester yarn, the overall price of it in Shengze Market keeps steady. Now POY 75D/114 is quoted 17, 360 Yuan/ton and POY 75D/72F 17, 350 Yuan/ton. The FDY 50D/48F is quoted 19,000 Yuan/ton and the low stretch DTY 150D/48F 16, 300 Yuan/ton. At the present, the downstream weaving factories are lack of workers and the operating rate is greatly influenced. This also affects the market, so the purchasing atmosphere is very cautious. However, although the polyester yarn price is hard to gain support from the downstream, the polymerization cost is comparatively high. Therefore, it is predicted that the polyester yarn price may be mainly steady in a short term and some individual products will have slight regulation.
|
