In recent days, specially from Nov. 10. to 16, the international crude oil futures price have already slumped 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 production and marketing 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. According to the product category, the price and sales volume on POY filament keep falling, DTY filament sales go down weakly, the same to FDY filament. The whole polyester filament market is bleak, with an obvious falling in the sales volume and price. In the polyester filament factories in Xiaoshan and Shaoxing region, the inventory tends to get upper. The psychology of shipment in low prices is getting strong. The production and marketing remain in downturn. Due to the downstream weaving factories' demands shrinking, the production and marketing on polyester filament tend to go down in weakness.
Set the example of 150DPOY/48 produced by direct spinning factories in Xiaoshan region, the main quotation on cash acceptance is about 7400 yuan/ton on Nov. 10, between 7300—7350 yuan/ton on Nov. 11, about 7200 yuan/ton on Nov. 12, between 7100—7150 yuan/ton on Nov. 13, about 7000 yuan/ton on Nov. 14. 300DPOY/96F, the main quotation on cash acceptance is about 7100 yuan/ton on Nov. 10, about 7000 yuan/ton on Nov. 11, about 6900 yuan/ton on Nov. 12, about 6900 yuan/ton on Nov. 13, about 6700 yuan/ton on Nov. 14. 150DDTY/48F, the main quotation on cash acceptance is between 9200—9300 yuan/ton on Nov. 10, about 9200 yuan/ton on Nov. 11, about 9200 yuan/ton on Nov. 12, between 9000—9100 yuan/ton on Nov. 13, about 8900 yuan/ton on Nov. 14. 300DDTY/96F, the main quotation on cash acceptance is 8500 yuan/ton on Nov. 10, between 8400—8500 yuan/ton on Nov. 11, between 8300—8400 yuan/ton on Nov. 12, about 8300 yuan/ton on Nov. 13, about 8200 yuan/ton on Nov. 14.
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.
Due to the international financial crisis, the foreign orders on polyester apparel fabrics are still inadequate on China textile city market and the subscription or order placing of foreign customers drop down sharply; The limited finished apparel foreign orders in fashion accessories factories cause the decrease on fabric purchase in China textile city. Therefore, the transaction on polyester fashion fabric slides down slightly, the sales volume tumbles in a low position, hard to have a comparison with the same period of last year.
In the recent market, thanks to the clear weather, woven polyester apparel fabrics such as earlier winter heavy multi-chemical fiber wool-like (480—550g/m) sell well in partial areas, the same to warp knitted printed brushed fleece, knitted printed double-faced velvet and woven printed washed velvet. 170T polyester taffeta, 190Tpolyester taffeta and 210T poly trilobal sell well in partial areas. The transactions are mainly with domestic customers. The spot subscription is becoming the mainstream on the sales. But part of domestic and foreign orders are still not sufficient.
The demands on earlier winter polyester fabrics and polyester linings from tapparel manufacturers and the target customers in the secondary markets increase slightly. The spot transaction and order sending tend to grow; Since the international oil price slumped to USD 60 a barrel, the prices of polyester material and polyester chips went soft, the polyester filament price tending to be down, the spot transaction and order sending on polyester fabrics are becoming soft in the steady rising. To part of staple fabrics largely coming to the market, the customers ordering for a large quantity can obtain discount to some extents, helping partial sales volumes climb up slightly. However, to low-grade staple products, some customers ask for the shipment on credit. Influenced by the international financial crisis, some dealers have poor capital liquidity due to the shipment on credit in the previous time, so the trade volume partially slows down in rising. The sales volumes on the main categories such as warp knitted polyester printed brushed fleece, knitted printed double-faced velvet and polyester linings rise up partially; The spot subscription and order sending on the finished bedspreads, mattress, cushions made by warp knitted printed brushed fleece and knitted printed double-faced velvet become active. This fabric series sell well from district 6, northern market to the back street of textile building; On the second floor of eastern market, earlier winter heavy fabric of long fiber wool-like and multi-chemical fiber T/R80/20 yarn wool-like, 480—520 g/m, 10.60—13.00 yuan/m, the spot transaction and order sending are active. The spot subscription and large orders go well among the target customers from Beijing Wanxin Market, Liaoning Haicheng Xiliu Market, Medium and large-size Markets in Guangzhou, Guangdong Puning Liusha Textile Market, Shijiazhuang Hebei, Wuhu Anhui, Zhenzhou Henan etc. From the back gate of eastern market to the market bridge, the packing transaction is very busy, a large volume for packing and shipment can be seen. But to printed washed velvet, due to the shipment on credit in the previous period, part of dealers fall into the trouble in receiving the payment, the shipment on credit will be declined. This causes the sales volume to be insufficient.
Due to the influence of the global financial crisis, the transactions are mainly with domestic customers, and foreign orders are in shortage, specially the orders from Europe and America. The whole sales volume of the market is getting less compared with last year. Part of cloth companies with a shop in front and a factory behind, and large business runners have already prepared and tackled with the international financial crisis, whose international trade has moved from Europe and America to Africa, Latin America and ASEAN. Foreign orders for medium-grade products still can be received. On Nov. 12, when visiting a cloth company which specializes in producing woven polyester fashion accessories fabrics, knitted polyester fashion accessories fabrics and school uniform fabrics, the writer found the foreign customers from Brazil, Burma and other countries waiting for the goods. The business runners revealed that the polyester filament price had room to fall back this week, so the order prices of polyester fabrics can have some discount. Some foreign customers who didn't place orders due to the soaring price of polyester filament, place orders when the polyester filament price falling down last week. The company attracted the target foreign customers with the business strategy of small profits but quick turnover to boost up the foreign business.
To cope with the international financial crisis, cloth companies with a shop in front and a factory behind, marketing dept. of manufacturers and large business shops contracting the machines are moving the target markets from Europe and America to Asia, Africa and Latin America, and exploiting the sales market shares of ASEAN, Southeast Asia, South Africa, West Africa and Brazil and other Latin American markets. They expand the emerging international market shares on the sales strategy of globalization and widen the domestic demand to solidify the old customer sales network of national secondary markets and fashion accessories to curb the business risks brought by the international financial crisis.
However, to polyester printed curtain fabric, jacquard curtain fabric, jacquard printed curtain fabric, embroidered curtain fabric, industrial fabric, embroidered curtain gauze, printed curtain gauze, jacquard curtain gauze and cutting motif curtain gauze, the spot transaction declined sharply as well as order receiving, and prices dropped down slightly. Affected by the weak real estate market and market recession on foreign trade, the sales volumes on polyester curtain gauze cloth and curtain gauze slide down. The sales volumes in small and medium-size business runners still keep in a low level, order receiving and sending decrease slightly, the sale volumes is hard to compared with the same period of last year. In the polyester fabrics used for school uniform and work wear including Kadan King, Shanshan King, Taizi Suiting, Luoer Suiting, Knight Suiting, Net Suiting and Gabardine, the spot transaction and order sending still keep in a low level. The spot transaction and order sending on knitted polyester single jersey, golden velvet, short plush, pearl velvet and mercerized velvet etc are not adequate, the sales volumes stay linger in the bottom.
Up to now, the orders on polyester fashion accessories fabrics are mainly placed by domestic customers. The foreign orders from Europe and America decrease sharply due to the international financial crisis; the sales on domestic markets tend to be dull or smooth alternatively, and partial target varieties sell actively. However, the whole market sales are still not adequate. The sales volumes have a wide gap compared with the same period of last year.
