——Brief Analysis on Price Index 20081117
According to the data, the price index of the issue 20081117 of "China·Keqiao Textile Index " ended at 93.43 points, down 1.52% than the previous issue in an obvious downtrend. The dropping price index on raw materials, grey cloths, apparel fabrics , home textile, fashion accessories triggered an obvious decline of general category price index.
Market Trend:(1)Affected by the global financial crisis, China textile city still lacked of customers to enter the market. The spot sale and order sending on apparel fabric, home textile and fashion accessories are not adequate, the sales market turn to boom and bust. However, compared with the same period of last year, the whole sale on the market appeared to be lower. (2)On raw materials market, the prices and volumes on polyester category declined obviously, cotton/ramie category, other chemical fiber category and blended category also lurched slightly. (3)On grey cloths market, the prices and volumes continue to slide down, particularly on chemical fiber grey cloths, blended fiber grey cloths and natural fiber grey cloths. (4)Parts of cloth companies with a shop in front and a factory behind, marketing department of manufacturers and large business shops have good market on the spot sale and order sending on the apparel fabrics in novel patterns. The spot sale and order sending on parts of early winter varieties of viscose/wool fabrics and polyester/viscose fabrics climbed up slightly. Steam calendered multi-chemical fiber (containedT/R80/20 yarn) early winter heavy wool-like and warp knitted printed brushed fleece, printed washed velvet partially sold buoyantly. (5)But the sale on each fabric market stay weakly. The spot sale and order sending on parts of autumn and winter fabrics declined to different degrees than the previous issue, including pure cotton fabrics, polyester fabrics, T/C fabrics, T/W fabrics, polyester/nylon fabrics, polyester/spandex fabrics, fashionable fabrics. (6)In home textile category, sales on bedding sets climbed up higher, and the fabrics in novel patterns still sold smoothly; however, the sales on home textile for daily use, curtains and curtain gauzes dropped down slightly than the previous issue. (7)In fashion accessories category, the sales on apparel lining and laces decreased to different degrees compared with last issue, while the sales on belts and thread & rope went up. The spot trade and order sending on early winter target novel fabrics are expected to rise up. The apparel fabrics and home textile fabrics in new-designed early winter styles and novel patterns still dominated the sales market, and the sales on innovative fabrics increased accordingly; But the shipment on credit are obvious to low-grade popular products sales for large quantity. Some small and medium-size business runners are still highly pressed by poor capital flow. Due to the influence of the global financial crisis, the whole market obtained less foreign orders. The orders from Europe and America shrank obviously. Though the domestic trade varied between boom and bust, the whole sales volume may be hard to rise up in large quantity in the coming week. Even though in the busy season, the trade volume has a wide gap compared with the same period of last year.
The price index on raw materials ended at 84.75 points, down 1.29% than last issue in an obvious dropping trend. In this issue, the polyester category in raw materials shrank sharply, the price index falling to the lowest. The international crude oil futures price dropped to USD 60. As of Nov. 14, the price of Dec. crude oil futures at New York Comex closed at USD 57.04 a barrel, down USD 1.20 a barrel than the closing price on the previous trading day; at International Oil Exchange, Lodon, Brent oil futures price of December closed at UDS 54.24 a barrel, down USD 2.00 a barrel than the closing price on the previous trading day. With the downtrend of the upstream polyester material, the market on PTA and MEG still remain in weakness, the dealers foreseeing a blue business. The whole market on polyester chips kept weakly, the quotation declining. Affected by the price and volume on the upstream polyester chips falling back, the price and volume on polyester filament dropped down sharply in Xiaoshan and Shaoxing region. Factories tend to lower the quotation, the output and sales volume in the surrounding polyester filament factories decrease, with the increasing inventory. The whole trade on the polyester market dropped deeply in weakness; dealers and factories held the attitude of a dropping market, and the confidence on the next market is siding down; In the next period, the polyester filament market is expected to be guided by the factories' shipment. Since the dealers and factories are overwhelmed about the falling market of polyester filament, the downstream weaving factories have a shrinking demand on polyester filament, which weakens the seller's mind on the blue market. As the international oil price moves slowly in a low level and the downstream demand shrinks, the price and sale volume on the whole polyester filament market is still hard to change its situation next week. The price index on cotton/ramie category, due to the shrinking trade, tended to drop down slightly. The pure cotton yarn market still stayed weakly, the daily sale continued to be bleak, with a weak trend on price; The cotton spinning factories have high pressures on shipment. Not obviously hot products sold on the market. Many products were sold in low prices. The middlemen foresaw a weak market, the confidence sliding down. The pure cotton air-jet spinning market remained weakly in the trend, no optimism on the sales. The pure cotton high counts yarn trade went down on the prices and volumes, factories tend to offer low quotation. Owing to the insufficient foreign orders and shrinking demand from the downstream weaving factories, the pure cotton yarn market is predicted to weaken in the trend. The price index on other chemical fiber category tended to decrease for the shrinking sale. Currently, to the whole national spandex market, we should not be optimistic on the sale. Although the domestic spandex manufacturers undertake the measures such as stopping the production or limiting the output for the sake of supporting the price, due to the weak domestic and overseas textile markets and the low-price products impacting the market constantly to compete for the limited customers resource, the domestic spandex market adjusted itself on the price and volume in a low position. The demand on nylon chips still stayed weakly, and the sales presents to be average; The sale on nylon varieties was still in weakness, and factories still got a high pressure on the inventory. The measures of cutting down and limiting the output is still getting underway to decrease the inventory. The acrylic market is still in its downturn on output and sale due to the weak demand of the downstream. The dealers kept watch-and-see attitude. The price tends to be down. Since the sale dropped sharply, the price index on the blended category declined slightly. The whole blended spun yarns sold bleakly in Xiaoshan and Shaoxing region. The sale on T/C yarn was still in weakness. Most varieties were hard to sell, leading to a high pressure on inventory in yarn factories. The price tended to be down; The trade on polyester/viscose yarn shrank, the price still has room to lurch down.
The price index of grey cloths category ended at 99.04 points, down 0.68% than the previous issue with a slight downtrend. According to the market response, in grey cloths category of this issue, the sales volume on chemical fiber grey cloths and blended fiber grey cloths shrank. The price index tended to drop down; The sale on natural fiber grey cloths declined in a narrow range with a dropping trend on price index.
The price index on apparel fabrics ended at 96.91 points, down 1.43% than the previous issue in a slight downtrend. In this category, due to the spot trade and order sending dropping down obviously, the price index on fashion fabrics dropped to the its lowest. The spot trade and order sending on T/W fabrics, pure cotton fabrics and T/C fabrics plummeted sharply then last issue, the price index tending to be down. On polyester/nylon fabrics, polyester/spandex fabrics and polyester fabrics, the spot trade and order sending declined slightly than last issue, the price index tending to be down. In this issue, the prices and sales volumes on pure linen fabrics, viscose fabrics, ramie/viscose fabrics and nylon/cotton fabrics stayed steady, and the price index was the same to last issue.
The price index on home textile ended at 97.14 points, down 0.25% than last issue , with a dropping trend. In this issue, the sales on curtains, daily-use home textile and curtain gauzes were down sharply than last issue, the price index tending to decline slightly.
The price index on fashion accessories ended at 102.22 points, down 1.06% than last issue, in an obvious falling trend. In this issue, the spot trade and order sending on linings decreased sharply than last issue, the price index dropping to the lowest. The sales on apparel linings and laces were down in different degrees compared with last issue, the price index tending to decline slightly.
Top 10 Categories in Rising
Top 10 Categories in Falling
1 Bets
3.68%
1 Lining
-4.67%
2 Viscose/Wool Fabric
0.71%
2 Polyester
-1.66%
3 Viscose
0.55%
3 Fashion Fabric
-1.33%
4 Thread & Rope
0.20%
4 T/C Fabric
-1.19%
5 Polyester/Rayon Fabric
0.17%
5 Pure Cotton Fabric
-1.19%
6 Bedding Sets
0.13%
6 Polyester/Wool Fabric
-1.19%
7 Ramie/Viscose Fabric
0.00%
7 Polyester/Nylon Fabric
-0.95%
8 Nylon/Cotton Fabric
0.00%
8 Polyester/Spandex Fabric
-0.76%
9 Viscose Fabric
0.00%
9 Polyester Fabric
-0.73%
10 Pure Ramie Fabric
0.00%
10 Curtain
-0.73%
In this issue, the price indices on viscose/wool fabrics category, viscose category, thread & rope category, polyester/viscose fabric category ranked in the first five categories in rising. The sales volume increased in different degrees than last issue. The slight increase of unit price of partial featured products was the key factor.
In this issue, the price indices on polyester category, fashion fabric category, T/C fabric category and pure cotton fabric category ranked in the first five categories in falling. The sales volume declined in different degrees than last issue. The slight decrease of unit price of partial featured products was the key factor.
China Textile City Construction Management Committee
“China·Keqiao Textile Index” Construction Office
