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--Feb. 21, Commerce Department China, Comment on Shengze Index
This Monday, according to Commerce Department China-Shengze Silk and Chemical Fiber Index, the combined indexes regulated up 0.03 compared with last Monday, which closed at 98.18. Among these, the chemical fabrics index was 0.06 up, and closed at 96.8; the chemical fiber closed at 101.31, and was 0.05 down.
The following graph is the index of chemical fabrics
Today, the producing cost increased 0.3-0.4 Yuan/M in Shengze Market, China. This is mainly caused by the constantly high price of the upstream raw material. The downstream fabrics manufacturers are afraid of purchasing under this situation, which virtually pushes up the selling price of the fabrics. Meanwhile, the buyers at home and aboard cannot follow the uptrend of the cost timely. At the present, the market is mainly doing the small orders and the big ones are comparatively few. However, the present producing situation of the after treatment factories is different from it of the fabrics manufacturers. The transfer printing factories and coating factories are very busy whose order amount is relatively high. Today, the sales of the 230T printing and brushed pongee is good, which is mainly used for bedding bags and pillow cases; the offering of this product is around 6.5 Yuan/M. The orders of the 380T dull pongee are increasing too. After dyeing, this fabric gives us very soft and fine hand-feeling and full colors, with ventilated and breathable coating, this fabric is suitable for making sportswear and wind coat, and its marketing offering is 8.1 Yuan/M. Concerned about the operating rate, the operating rate of the water-jet looms and the air-jet looms is around 70%.
The following graph is the index of chemical fiber products
From the chemical fiber point of view, the present demand from the downstream weaving manufacturers to the upstream raw material is not high. The terminal clothes manufacturers’ orders have not been in operation too. Besides, the anticipation of policy deflation makes the market afraid of the high prices. Therefore, it is predicted that PTA will shake in a short-term or continue the original situation. 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, 310 Yuan/ton and POY 75D/72F 17, 400 Yuan/ton. The FDY 50D/48F is quoted 19,600 Yuan/ton and the low stretch DTY 150D/48F 16, 300 Yuan/ton. At the present, the polyester yarn demand of the downstream weaving factories is not high and they are lack of purchasing intention. The stock pressure of the chemical fiber manufacturers is great. Analyzed from the cost side, the overall price of the polyester yarn should mainly be stable in a short term.
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