——Brief Analysis on Price Index 20081110
According to the data, price index of the issue 20081110 of "China·Keqiao Textile Index " ended at 94.87 points, down by 0.54% than the previous issue, with a downtrend. The dropping price index on grey cloths and apparel fabrics led to a slight decline of general category price index. However, the price index on raw materials, home textile, apparel accessories rebounded slightly, relatively restraining the decrease of general category price index.
Market Trend:(1)Due to the global financial crisis and cloudy and rainy weather, less customers entered the fabric market of China textile city. In grey cloths market and apparel fabrics market, the spot goods turnover and order sending declined to some extents. The whole market sales went weakly with a shrinking trend on sales volume.(2) The price and sales volume of polyester category in raw materials rebounded from the bottom, as well as the turnover of other chemical fibers; but the price and sales volume of viscose category and cotton/ramie category were down apparently, so did that of blended category. (3)Parts of cloth companies with a shop in front and a factory behind, marketing department of manufacturers and large business shops had good market on spot goods trade and order sending on apparel fabrics in innovative patterns, and the spot goods and order sending on parts of winter varieties of polyester/nylon fabrics and T/C fabrics climbed up to some degrees.(4)But the sales on various fabrics was still bleak. The spot goods trade and order sending on partial autumn and winter fabrics declined a little, so did that on polyester fabrics, polyester/spandex fabrics, pure cotton fabrics, T/W fabrics, fashion fabrics and T/R fabrics.(5)In home textile category, sales on bedding sets climbed up higher, sales on curtain gauze went back slightly, and the fabrics in novel patterns still went smoothly; however, the sales on home textile for daily use and curtains dropped down slightly than that in the previous issue. (6)In apparel accessories category, the sales on linings went up apparently, the sales on laces rebound, while the sales on belts, apparel linings and thread and rope declined in different degrees than the previous issue. The spot goods trade and order sending on target novel fabrics in early winter are expected to climb up slightly. In early winter, the new-style apparel fabrics in novel patterns and home textile fabrics still dominated the sales market, and the sales on novel fabrics with higher added values will increase accordingly; but the spot goods trade on low-grade popular products continues to be down, shipment on credit still gets higher, and parts of small and medium-size business runners have a certain drop on sales because of poor capital flow. Under the impact of the global financial crisis, the whole market received less foreign orders, specially the orders from Europe and America, and had weak domestic trade, which caused the sales in the coming week tended to be weak in the increase, often up and down in a narrow range.
The price index on raw materials ended at 85.86 points, up 0.33% than that in the previous issue, in a falling back trend. In this issue, the polyester category of raw materials rose up highest in the price index due to the apparent rebound. As the prices of international raw materials fluctuated dramatically, as of Nov. 7, the oil futures quotation of New York Comex ended at USD 61.02 a barrel, up USD 0.25 a barrel than the previous trading day, the trade price between USD 59.97—61.55 a barrel. In the upper polyester chips market, stimulated by the psychology of buying in the rising not in the falling, the whole trade appeared the uptrend. A tight goods resource and stinting on sales made the quotation still have room to rebound; Until Nov.7 the whole sales on polyester chips tend to be calm. Dealers are very cautious on the market, the quotation level on the market is getting lower in the increase, and partial quotation tends to be steady. Owing to the ordinary sales on the upper polyester materials PTA, PX and MEG, the sales on polyester chips tends to be normal. The warm-up of the upper polyester chips also made the price and sales volume on polyester filament rise up in Xiaoshan and Shaoxing region. Factories offered a higher quotation, the polyester filament factories increased their output and sales volume, so the inventory dropped down apparently. The trade on the whole polyester market rebounded from the bottom; As of Nov. 7, the sales on polyester market gets relatively active, the polyester filament factories tends to have an ordinary output and sales volume, with a rebounding price, and only some quotations from partial varieties rises up. As it is predicted, the polyester market in the coming week will be controlled according to the factories' shipment. Since dealers cannot analyse the polyester market clearly for its soaring price, the lower weaving factories still have an ordinary demand on polyester filament, which lead to the cautious attitude in dealers. In the next period, the price and sales volume on the whole polyester market are expected to fall back slightly in a certain fluctuation. Other chemical fiber category tends to have a rebound for its slight increase on trade volume. At present, in the spandex market, the products in low grade sell smoothly. Since the heavy polyester/spandex fabrics entered the mass production phase in early winter in Xiaoshan and Shaoxing region, the spandex sales on Qianqing Market partially tend to warm up; however, to the national spandex market, the whole sales are not very optimistic, because many domestic spandex manufacturers stop their production, which are tending to increase. Due to the weakness in textile markets at home and abroad, plus the products in low prices raiding the market to win the limited customers resource, the domestic spandex market is expected to have a downtrend on prices. Due to the weak demand on nylon chips, the trade represents an ordinary market; The sales on nylon filament varieties are still getting normal. For large pressures on the inventory, the factories are taking the measures of cutting down or limiting the output. The acrylic market will become ordinary for the demand from the lower. Dealers take watch-and-see attitude. As the price temporarily keeps steady, the trade on small quantity will increase.
The price index of grey cloths category ended at 99.72 points, down by 1.47% than the previous issue, in an apparent downtrend. Reflected from the market, in the grey cloth category of this issue, the trade volume on blended fiber grey cloths dropped down apparently in the lowest falling; chemical fiber grey cloth, due to its falling sales, tends to be down in the price index; the trade on natural fiber grey cloths declined slightly with a dropping in price index.
The price index on apparel fabrics ended at 98.31 points, down by 0.74% than the previous issue in a slight downtrend. In this category, the polyester fabric category had an apparent drop on spot goods trade and order sending, with the lowest falling in the price index. The spot goods trade and order sending on polyester/spandex fabrics and pure cotton fabrics declined compared with the previous issue, in a sliding down trend in the price index. The spot goods trade and order sending on T/W fabrics and fashion fabrics declined either, in a dropping trend in price index. So did on the polyester/viscose fabrics. In this issue, the prices and sales volumes on pure linen fabrics, viscose fabrics, viscose fabrics, viscose/wool fabrics, linen/viscose fabrics and nylon/cotton fabrics kept steady, the same to the price index in previous issue.
The price index on home textile ended at 97.39 points, up by 0.15% than the previous issue, in a rebound trend. In this issue, the trade on curtain gauzes and bedding sets increased slightly than the former one, with a rebound trend in price index.
The price index on apparel accessories ended at 103.32 points, up by 0.81% than the previous issue, with a slight increase. In this issue, the spot goods trade and order sending on linings climbed up apparently than the previous period, with a highest rising in the price index. The spot goods trade and order sending on laces also increased in a apparent rebound in price index.
Top 10 Categories in Rising
Top 10 Categories in Falling
1 Interlining
2.83%
1 Viscose
-3.51%
2 Lace
2.26%
2 Polyester Fabric
-3.50%
3 Polyester
1.03%
3 Blended Fiber Grey Cloth
-3.08%
4 Polyester/Nylon Fabric
1.00%
4 Belt
-2.56%
5 Other Chemical Fiber
0.60%
5 Chemical Fiber Grey Cloth
-2.15%
6 Curtain Gauze
0.41%
6 Polyester/Spandex Fabric
-1.31%
7 Bedding Sets
0.30%
7 Cotton/Linen
-1.23%
8 T/C Fabric
0.07%
8 Pure Cotton Fabric
-1.03%
9 Pure Linen Fabric
0.00%
9 Apparel Lining
-0.83%
10 Viscose Fabric
0.00%
10 Natural Fiber Grey Cloth
-0.81%
In this issue, the price indices on interlining, laces, polyester, polyester/nylon fabric and other chemical fiber ranked in the first five categories of rising. The sales volume increased in different degrees than the previous issue. The slight increase of unit price of partial featured products was the key factor.
In this issue, the price indices on viscose, polyester fabric, blended fiber grey cloth, belt and other chemical fiber grey cloth ranked in the first five categories in falling. The trade volume declined in different degrees than the previous 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
