——Brief Analysis on Price Index 20090223
In the period of Feb. 16 to Feb. 22, affected by the cloudy weather, less buyers subscribed for products in each professional market of China Textile City, so that the spot transaction volume tended to rise up slowly and order-sending stayed insufficient. In these days, the spring market went up and down, mainly for the sliding quotations affected by the polyester material prices, the whole market went down weakly. The prices of viscose staple rose up in steadiness, and kept the rising trend for a few days, the whole market prices still had the potential to go up. Grey cloths market had a poor performance, including natural fiber grey cloths, chemical fiber grey cloths and mixed fiber grey cloths. Apparel fabrics sold well and dull. The sales volumes on polyester/spandex fabrics, fashion fabrics and polyester fabrics increased while cotton fabrics, T/C fabrics, polyester/wool fabrics and polyester/nylon fabrics had inadequate transactions. The sales on curtains, curtain gauzes and bedding warmed back in part of areas, and the new style fabrics took the advantage over the market. The sales on linings and belts climbed up in the consecutive days, but thread & rope, laces and apparel linings were not sufficient. According to the sample-data supervision and analysis on nearly 1000 representative products, the price index of the issue 20090223 of "China·Keqiao Textile Index" closed at 90.07 points, down 0.39% compared to last issue. Indicated from the first classification: the price indices of raw materials, grey cloths and apparel fabrics fell down in different degrees, dragging the general category price index to slide down slightly; but the price indices on home textile and fashion accessories climbed up to some extent, relatively restraining the falling of the general price index. In it, the price index on raw materials closed at 79.22 points, down 0.14% lower than last issue; the price index on grey cloths closed at 92.32 points, down 3.54%; the price index on apparel fabrics closed at 96.37 points, down 0.02%; the price index on home textile closed at 94.87 points, up 0.38%; the price index on fashion accessories closed at 99.22 points, up 2.48%.
The sales on polyester materials went down in a weak trend, leading to the falling of the price index
The price index on polyester category ended at 73.52 points, 1.31% lower than last issue. In the period of Feb. 16 to 20, as the international crude oil forward price tumbled down, polyester material market became weaker and softer, the price tenderly sliding down. PTA and MEG presented weak trend. Factories had strong expectation on selling goods, but buyers were still in the wait-and-see sentiment. Thus, the whole market went flat in the trend. Since the polyester chips price tenderly fell down affected by the downtrend of the price of the upper stream, part of factories tended to offer a sliding price under the pressure of costs, buyers had a strong wait-and-see attitude, so the turnover was limited and the sales went flat in the trend. Under the condition of a slight decrease in quotation of the upper stream polyester chips, part of polyester filament factories reduced the price tenderly; due to the weak demand on the downstream, the polyester filament factories in Xiaoshan and Shaoxing region had an inadequate production and marketing. Most buyers waited and observed the market. The main part of prices dropped down tenderly. In it, in Xiaoshan and Shaoxiang region, the quotation on POY slumped down, polyester filament factories had a strong mood to sell products. Some products with high prices lowered the prices moderately for the promotion sales. DTY market appeared weakness and softness, the production and marketing of DTY in polyester filament factories were not good, the quotation went down tenderly. FDY market also stayed weak and soft, no enough sales in polyester filament factories, and the quotation went softly in the trend. Polyester staple market declined, the transaction became bleak, the sales volume were relatively small in the consecutive days, the downstream buyers kept wait-and-see attitude.
Grey cloth market presented gloomy, causing the price index to drop down sharply
The price index on grey cloths ended at 92.32 points, down by 3.54% compared to last issue. Influenced by the global financial crisis, the demand on the international market still kept weak, no enough foreign orders can be received, the downstream weaving factories operated in an inadequate production capacity. The transactions on finished fabrics grew slowly, leading to the downturn of grey cloth market, the price index declined apparently. In it, the price index on natural fiber grey cloths closed at 108.36 points, 0.81% lower than last issue. Cotton grey cloths sold weak, the price and sales volume mainly went down weakly and softly. Due to the international financial crisis, no sufficient foreign orders can be obtained, the real transactions on cotton grey cloths were not adequate, some of which were mainly by discount promotion to attract target customer to purchase. Ramie grey cloths sales appeared bleak, no adequate domestic and overseas orders. The price index on blended fiber grey cloths closed at 92.80 points, 1.72% lower than last issue. Weak sales appeared on T/C grey cloths, T/R grey cloths, polyester/ramie grey cloths, nylon/cotton grey cloths, nylon/cotton/ramie grey cloths and nylon/viscose grey cloths, the price and sales volume declining in part of areas.The price index on chemical fiber grey cloths closed at 89.26 points, 0.56% deeper than last issue. Due to the insufficient foreign orders and slowly rise in the domestic trade, polyester/ramie grey cloths, polyester velvet grey cloths, polyester canvas grey cloths, polyester crepe grey cloths, polyester pongee grey cloths, polyester satin grey cloths and polyester gauze grey cloths, the transactions appeared inadequate, the sales went flatly in the consecutive days, the prices and sales volumes declined slightly.
Apparel fabrics sold well and dull, the price index of each category went up and down
The cloudy weather limited the spot transactions of apparel fabrics and goods delivery had to delay, the whole market got inadequate transactions. In the spring market, the business went smoothly and dull. Part of cloth companies with a shop in front and a factory behind, marketing departments of manufacturing companies and large business runners upgrade the spring apparel fabrics, the fabrics in innovative patterns widely welcomed in partial areas. The target apparel making companies placing small orders for different varieties caused the price indices of partial secondary classification of apparel fabrics to rise up in different degrees. In it, the price index on polyester/spandex fabrics closed at 96.51 points, up 2.24% compared to last issue; fashion fabrics closed at 96.38 points, up 2.21%; polyester fabrics closed at 93.77 points, down 0.19%. However, owing to the limited fabric R&D capability in partial small and medium-sized companies, the cycle of developing new fabrics took a longer time, causing the price indices of some secondary classification of apparel fabrics to decline to some extent. In it, the price index on cotton fabrics closed at 103.05 points, 0.48% lower than last issue; T/C fabrics closed at 94.98 points, 1.27% lower than last issue; polyester/wool fabrics closed at 105.41 points, 0.74% deeper than last issue; polyester/nylon fabrics closed at 94.51 points, 0.79% lower than last issue.
In the forecast, the transaction volume of the whole China Textile City market is predicted to climb up slightly. In the coming week, as the transaction volume increases and product range gets larger day by day, the popular varieties of spring fabrics will get much more. Many apparel fabrics start to sell, such as spring polyester/spandex 4-way stretch, multi-chemical fiber wool-like, nylon/polyester fashion fabrics, nylon/cotton fashion fabrics, cotton dyed fabrics, cotton printed fabrics and cotton embroidered fabrics; curtain fabrics, curtain gauzes and other home textile fabrics will win the market by different newly-developed styles, printed curtains, jacquard curtains, embroidered curtains and embroidered curtain gauzes will take the advantage over the market by means of pushing out new style fabrics, which become the main drive to raise the sales volume. With the gradually increasing production of shirts in each apparel factories, the orders for spring shirting are expected to increase day by day. Due to the further rise in lining materials demand in apparel factories, the purchase orders will get more.
Top 10 Categories in Rising
Top 10 Categories in Falling
1 Linings
6.25%
1 Blended Fiber Grey Cloths
-1.72%
2 Polyester/Spandex Fabrics
2.24%
2 Polyester
-1.31%
3 Fashion Fabrics
2.21%
3 T/C Fabrics
-1.27%
4 Belts
1.57%
4 Other Chemical Fiber
-1.21%
5 Viscose
1.42%
5 Natural Fiber Grey Cloths
-0.81%
6 Bedding
1.42%
6 Polyester/Nylon Fabrics
-0.79%
7 Curtain Gauzes
0.66%
7 Laces
-0.77%
8 Polyester Fabrics
0.19%
8 Polyester/Wool Fabrics
-0.74%
9 Curtains
0.16%
9 Thread & Rope
-0.60%
10 Daily-used Home Textile
0.00%
10 Chemical Fiber Grey Cloths
-0.56%
In this issue, the price indices on linings, polyester/spandex fabrics, fashion fabrics, belts and viscose category ranked the first five categories in rising. The sales volume increased in different degrees compared with last issue. The slight increase of unit price of partial representative products was the main factor.
In this issue, the price indices on blended fiber grey cloths, polyester category, T/C fabrics, other chemical fiber category and natural fiber grey cloths ranked the first five categories in falling. The sales volume declined in different degrees compared with last issue. The slight decrease of unit price of partial representative products was the main factor.
