——Brief Analysis on Price Index 20090216
In each professional market of China Textile City, the market opening rate rose up day by day since Feb. 2 (lunar Jan. 8). Till Feb. 9 (Lunar Jan. 15), the Lantern Festival, the average salesroom opening rate reached 90% in each major market of China Textile City, Northern Market and Eastern Market, the rates were 98% and 95% respectively; Most of opened salesrooms had already run normally. Though the total demand of the international textile markets has a weakening growth rate caused by the impact of the financial crisis, the amount of dealers in all the markets of China Textile City doesn't go down, and all dealers are more confident on the market prospect of this year. The magnetic field effect of China Textile City is showing up. Up to now, the market dealers is up to 13209, adding 1398 year on year. In these days, the spring market gradually opens wide, all the fabrics start to sell in small quantities of various kinds. On Feb. 12, 2009 the first quality fabric show and order placing meeting of Dongsheng Road Market was held successfully. Over 130 clothing buyers in and out of Zhejiang province gathered in China Textile City. They watched the fabric show on the spot and placed orders. Thanks to this drive, the market is getting more popular, the turnover increases more than that a few days ago, but compared to the period before the market closure, the sales volume is still insufficient. According to the sample-data supervision and analysis on nearly 1000 representative products, the price index of the issue 20090216 of "China·Keqiao Textile Index" closed at 90.42 points, down 0.11%. Indicated from the first classification: the price indices of grey cloths, home textile and apparel accessories declined in different degrees, dragging the general category price index to decline slightly; however, the price indices of raw materials and apparel fabrics rose up to some extent, relatively restraining the falling rate of the general category price index. Among the price indices, raw materials closed at 79.33 points, 0.38% higher than last issue; grey cloths closed at 95.70 points, down 0.27%; apparel fabrics closed at 96.39 points, up 0.06%; home textile closed at 94.52 points, down 1.62%; fashion accessories closed at 96.82 points, down 1.68%.
Partial Materials Sell Well and Dull, Price Index of Each Category Goes Up and Down
The price index of cotton/ramie category closed at 92.86 points, 0.22% lower than last issue. During the period from Feb. 2 to Feb. 5, in Xiaoshan and Shaoxing region, the overall cotton yarn market went relatively quietly. Though some downstream weaving factories start the operation, the rate of running machines was still low, the real demand on cotton yarn was not enough, the market transaction kept bleak, the quotation mainly remain the normal quotation, the whole market was in the situation of steadiness and adjustment. Due to lack of driving power, transaction scale is slowly developed. On Feb. 6 to 9, some cotton spinning factories offered a trial rising quotation on part of cotton yarns, but the weak drive in the whole trade lead to small sales volume. On Feb. 10 to 13, the cotton air-jet spinning market went smoothly in partial areas, but owing to the inadequate foreign orders from the downstream, weaving factories had a slow production schedule. The limited cotton yarn demand made the quotation on cotton yarn hard to go up steadily, so the whole turnover kept flat. The price index on other chemical fiber categories closed at 72.21 points, drop 0.71% deeper than last issue. Although spandex manufacturing factories in the downstream performed well and the downstream spandex market climbed up gradually, affected by the low prices of some spandex products, the overall spandex market price tended to decrease. As the price of chips started to go up slightly, the nylon filament price stays steadily, but the market still had a ordinary transaction volume. Acrylic market price kept steadily, more customers inquired about it, so acrylic filament factories performed well in goods delivery.
Sales in Spring Market Grew up Day by Day, Price Index on Apparel Fabrics Climbed Up slightly
The price index on apparel fabrics closed at 96.39 points, 0.06% higher than last issue. This year is a year to develop markets. As the first upgraded market, Dongsheng Road Market Co., Ltd. is taking the market developing strategy of "walking out and inviting in". Inviting buyers and designers to purchase fabrics in China Textile City is one of the activities. This time, over 130 apparel buyers and designers were invited to purchase fabrics in China Textile City. This is one of the activities. Influenced by this promotion, the market got a higher popularity, which dragged the price index on apparel fabrics to climb up slightly. Among the price indices, T/C fabrics closed at 96.21 points, 1.36% higher than last issue. T/C blended dyed drill, T/C blended printed fabric, T/C blended dyed plain fabric and other spring apparel fabrics relatively went smoothly in order-sending. Particularly, after the Lantern Festival, garment factories placed more orders for this series of fabrics, leading to an apparent rise of T/C fabric price index. Polyester/spandex fabrics closed at 94.40 points, 0.01% higher than last issue. The spot transaction and order-sending of polyester/spandex 4-way stretch spring fabrics started to sell in small quantities of different varieties, boosting the price index slightly to climb up. Fashion spring polyester/spandex stretch fabrics, for instance, cationic 4-way stretch won the market by the proportion of material components and newly designed weaving styles, 200D cationic DTY twisted 108D triangle lustrous textured filament twisted 40D spandex 4-way stretch ramie and 32S rayon color yarn twisted 250D cationic FDY filament 4-way stretch, 300D cationic DTY twisted 40D spandex 4-way stretch and 100DDTY low elastic black filament twisted 200D triangle lustrous textured FDY net yarn 4-way stretch, compared to the similar fabrics, thanks to the better lustrousness, the fabrics were highly welcomed by target customers.
Lack of Inadequate Power in Apparel Lining Sale Made the Price Index Decline sharply
Under the impact of the global financial crisis, the limited apparel foreign order receiving leads to the inadequate power in apparel lining transaction in China Textile City. The sales with different varieties tends to go softly and weakly. The spot goods are sold at low prices for large volume, which causes the price index to go down weakly. According to the supervision, the price index on apparel lining closed at 95.92 points, 3.57% lower than last issue. The whole apparel lining market went flatly, the total turnover of polyester lining was insufficient. Though there had some transaction in 170T polyester taffeta, 190T polyester taffeta, 210T polyester taffeta, 210T poly trilobal (silk-like), shuttle five-heddle satin, shuttleless five-heddle satin, shuttle eight-heddle satin, water-jet eight-heddle satin, 240T water-jet shumei satin, water-jet satin, water-jet twill rayon lining and nylon taffeta, the transactions are mainly done in small quantities of matched spot goods, the total trade amount was not enough compared to the period ahead of the market closure. Cationic lining and DTY black filament jacquard lining, knitted mesh lining all had a slight increase in small quantities of volume, rayon lining, nylon lining, T/C lining, polyester pocketing mainly polyester pongee and summer silk, T/C pocketing, cotton pocketing were still sold insufficiently, the sales volume of the overall market was hard to rise up apparently.
In the forecast, the whole turnover of China Textile City is expected to climb up. Following the planning for revitalizing textile industry approved by the State Council on Feb. 4, Ministry of Finance and State General Taxation Administration specified on Feb. 5 that the tax rebate rate to textile products and garment export was lifted up to 15% from 14% and the new policy would be implemented since Feb. 1. Thanks to the favorable national policies, some bosses of trading companies in the international trade area of China Textile City, the large traditional market dealers and the bosses of cloth companies with a shop in front and a factory behind are getting more confident and ambitious. To be ready for the challenge in spring market, they start to recruit new staff to make good foundation for the spring sales. As the target customers around the county and the target foreign buyers increase in these consecutive days, the large-sized textile printing and dyeing companies in Xiaoshan and Shaoxing region have already been in normal operation. Boosted by the first quality fabric show and order placing meeting of Dongsheng Road Market, the large cloth companies in China Textile City received more orders day by day, so the sales volume in the spring market of the ox year will rise up higher.
Top 10 Categories in Rising
Top 10 Categories in Falling
1 Linings
2.58%
1 Belts
-4.28%
2 T/C Fabrics
1.36%
2 Apparel Linings
-3.57%
3 Natural Fiber Grey Cloths
0.71%
3 Viscose
-2.80%
4 Thread & Rope
0.69%
4 Curtain Gauzes
-2.52%
5 Blended
0.45%
5 Bedding
-2.38%
6 Cotton/Ramie
0.22%
6 Pure Cotton Fabrics
-2.32%
7 Polyester/Spandex Fabrics
0.01%
7 Chemical Fiber Grey Cloths
-2.28%
8 Viscose Fabrics
0.00%
8 Polyester
-2.24%
9 Ramie/Viscose Fabrics
0.00%
9 Viscose/Wool Fabrics
-1.79%
10 Nylon/Cotton Fabrics
0.00%
10 Fashion Fabrics
-1.39%
In this issue, the price indices on linings, T/C fabrics, natural fiber grey cloths, thread and rope, blended 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 belts, apparel linings, viscose category, curtain gauzes, bedding 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.
