——Brief Analysis on Price Index 20090119
Before closing the market at the end of the lunar year, in China Textile City, small and medium-sized salesrooms in each of professional market largely open the shops very late and close them so early, parts of dealers are ready to close the business after selling out winter spot goods and completing the settlement of debts, and other dealers with unsettled debts are still busy in counting the account, making the settlement, clearing the account and dunning for the debts. On each fabric market, some winter spot goods are subscribed by target customer for the final purchase, the prices of popular spot goods decline slightly; due to all customers leaving the market, the daily transaction tends to decrease. According to the sample-data supervision and analysis on nearly 1000 representative products, the price index of the issue 20090119 of "China·Keqiao Textile Index" closed at 90.52 points, 0.55% lower than last issue. Indicated from the first category classification: raw materials, grey cloths, apparel fabrics, home textile and fashion accessories dropped in different degrees, dragging the general category price index to go down slightly. In it, raw materials closed at 79.03 points, 0.27% lower than last issue; grey cloths closed at 95.96 points, 0.45% upper than last issue; apparel fabrics closed at 96.33 points, drop 0.84%; home textile closed 96.07 points, down 0.14%; fashion accessories closed at 98.47 points, down 1.90%.
Polyester Market Warmed up slightly after Dropping, the Whole Market Went Warm not Hot
The price index on polyester category closed at 76.20 points, upper 0.09% than last issue. From Jan. 12 to 14, although polyester material market had a relatively steady quotation, the quotation on MEG kept steady and PTA had a slight rise with steadiness, the whole polyester chip market went softly and weakly. Owing to the end of the lunar year, the rate of stopping machines in weaving factories obviously rose up, polyester filament demand declined. In Xiaoshan and Shaoxing region, polyester filament market remained gloomy, DTY filament market kept in the downturn, the market transactions were not sufficient. The polyester filament factories in the surrounding areas of Xiaoshan and Shaoxing had a sharp decline in production and marketing, some factories promoted their products for limited amount, the prices tended to go softly; FDY filament market shrank on the whole, factories had a poor production and marketing, the prices became soft; POY filament buyers held a strong watch-and-see attitude, the output and sales in surrounding filament factories slid down, some quotation from factories dropped, the market prices decreased. From Jan. 15 to 16, because the polyester material market warmed up, PTA and MEG markets continued to go up slightly. The inquiries increased and the sellers were reluctant to sell their products, causing the warm-up of polyester chip market. The sales volume of factories rebounded, and the price rose up accordingly. In the period of Jan.15 to 16, compared to the previous, the bleak and soft polyester market rose back, the production and marketing of polyester factories relatively warmed up in the surrounding areas of Xiaoshan and Shaoxing region, particularly that of POY filament factories, the prices offered by polyester factories rose up, the main part of prices lift up higher, the stock in factories declined obviously; FDY filament market also warmed up, polyester filament factories had good production and marketing with a slightly rising price; However, DTY filament market was still hard to rise up due to large amount of inventory and weak quotation. Polyester filament factories had a strong will to sell products. They mainly sold products in a steady volume, parts of factories provided favorable prices for promotion. From Jan. 15 to 16, polyester filament factories were in need of maintaining equipments and had a high pressure on costs, plus the current lowest level of polyester price over several years, so polyester filament prices temporarily went up steadily. But the whole market goes warm not hot, hard to recover as the new year approaches.At present, the downstream weaving factories already enter into the phase of stopping production in a whole. The whole market adjusts itself in partial areas with a steady trend.
Some Material Market was Readjusted in a Low Position, Price Index Declined slightly
The price index on cotton/ramie category closed at 92.66 points, 0.22% lower than last issue. As the lunar new year approaches, the market obviously tends to have a dull sale. Some offices of cotton spinning factories have already moved back to factories one by one, the whole cotton yarn market presents a weak and soft trend, and a situation of having prices and no transactions appears on the market. Market dealers, middle traders and the downstream weaving factories foresee a bleak market next week. They are so cautious on purchasing goods that no enough purchase will be made before the holiday. The whole market on cotton yarns stays the downturn which is hard to change. Though the quotation on pure cotton yarns presents a adjustment situation in market dealers and yarn factories, parts of factories have already spent their vacation ahead of time because of the rate of running machines in the downstream weaving factories cutting down largely, leading the cotton yarn market sales in Xiaoshan and Shaoxing region to decline sharply, the daily transaction going down. Due to the heavy burden on inventory, yarn factories tend to reduce the prices for withdrawing capitals. However, as it comes nearer to the end of the lunar year, the actual market transaction prices have a weak and soft trend. As the demand from the downstream weaving factories shrinks day by day, yarn factories reduce or stop production increasingly. However, market dealers and middle traders feel bewildered about the future market, so they purchase goods cautiously in a watch-and-see sentiment. Owing to the risks on large volume of inventory, the whole pure cotton yarn market sells relatively dull. The price index on other chemical fiber category closed at 72.73 points, down 0.05% compared to last issue. The whole spandex market remains the adjustment situation in a low position. Spandex manufacturing factories keep the stock in a low level after limiting, reducing or stopping the production in a pervious period to the promotion period. As the lunar new year approaches, more spandex manufacturing factories stop production for the vacation. The demand from the downstream weaving factories also tend to decrease sharply. Despite of the existing low-price products in the market, the whole spandex market keeps the slowdown. The downstream buyers continue to decline their demand so far. Nylon chip market has a weak demand. As the end of the lunar year come closely, the whole trade of nylon filament market goes weakly with a steady price. The quotation of acrylic market stays steadily. Since partial weaving factories in the downstream have the demand for storing the products, partial marketing becomes relatively active. The price index on blended category closed at 84.10 points, 0.13% lower than last issue. Blended yarn market is hard to change the stagnancy, mainly adjusting itself in weakness; Due to the lunar new year, more and more yarn factories stop production for the holiday. T/R yarn market continues the weakness in adjustment, T/C yarn market keeps stagnant. Due to the high pressure on the stocks in T/C yarn factories, they mainly sell the products by cutting down the prices. After the holiday, blended yarn market is expected to adjust itself weakly.
As It comes to the End of the Lunar Year, Price index on Apparel Fabrics Falls Down
As it comes closely to the end of lunar year, all customers leave the market and return home by and by, making the whole sales on apparel fabrics decrease obviously. The number of customers in the market declines, the daily sales volume falls to the lowest. Each small and medium-sized salesrooms mainly sell the winter spot goods, and most of them throw empty the winter spot goods in hope of withdrawing capitals. Since Jan. 16 (Lunar Date: Dec. 21), all dealers are preparing for the work ahead of the market close.The majority of small and medium-sized dealers no longer organize goods for the market and focus on selling the stocks at low and favorable prices. Due to the global financial crisis, the foreign orders for apparel fabrics tend to decline. Some trading companies of China Textile City have a blue market in receiving orders, and the prices go steadily and softly. In it, the price index on polyester/wool fabrics closed at 107.17 points, 2.04% lower than last issue. The price index on polyester/spandex fabrics closed at 94.39 points, 1.32% lower than last issue. The price index on fashion fabrics closed at 95.63 points, down 1.04%. The price index on pure cotton fabrics closed at 106.01 points, down 0.08%. The prince index on polyester fabrics closed at 94.28 points, down 0.75%.
In the forecast, after the holiday, the whole market amount tends to linger in the slump. Most salesrooms in each professional market traditional district closes the business in the afternoon of Jan. 18 (lunar date: Dec. 23) and start the market on Feb. 2 (lunar date: Jan. 8) . However, since the market opens on lunar Jan. 8, it still has a long time for all customers coming back to the market, each profession market of China Textile City will operate fully after Feb. 9 (lunar date: Jan. 15). Due to the global final crisis, some small and medium-sized textile companies obtain less foreign orders, and migrant workers have already returned home at an early time. So it is expected to be behind of the time compared with last year, the trade volume of each professional market in China Textile City tends to rise up slowly.
Top 10 Categories in Rising
Top 10 Categories in Falling
1 Belts
6.86%
1 Linings
-9.34%
2 T/C Fabrics
1.26%
2 Polyester/Wool Fabrics
-2.04%
3 Polyester/Nylon Fabrics
0.94%
3 Polyester/Spandex Fabrics
-1.32%
4 Chemical Fiber Grey Cloths
0.63%
4 Fashion Fabrics
-1.04%
5 Bedding Set
0.33%
5 Apparel Linings
-0.83%
6 Natural Fiber Grey Cloths
0.16%
6 Polyester Fabrics
-0.75%
7 Laces
0.14%
7 Curtain Gauze
-0.65%
8 Polyester
0.09%
8 Curtains
-0.36%
9 Viscose
0.08%
9 Blended Fiber Grey Cloths
-0.33%
10 Viscose/Wool Fabrics
0.00%
10 Cotton/Ramie
-0.22%
In this issue, the price indices on T/C fabrics, polyester/nylon fabrics, chemical fiber grey cloths and home textile 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 polyester/wool fabrics, polyester/spandex fabrics, fashion fabrics and apparel linings 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.
