——Brief Analysis on Price Index 20081208
Due to the impact of the global financial crisis, the textile foreign orders kept insufficient. The daily trade volume on each professional market of China Textile City still fluctuated in a narrow range. According to the analysis on the samples of clearly 1000 representative products, the price index of the issue 20081208 of "China·Keqiao Textile Index" closed at 92.49 points, down 1.32% than the previous issue, tending to be down sharply. The price indices on raw materials, apparel fabrics and home textile dropped in different degrees, which drove the sharp decline of the general category price index. But the price indices on grey cloths and fashion accessories went up to some extents, relatively restraining the falling of the general category price index.
Market Trend: (1)Since the foreign orders of Europe and America continues to shrink, the sales in China Textile City were not adequate. The spot prices of popular products weakened in stable trend, and order prices kept weak and soft. The overall market hardly presented a busy atmosphere. The sales volume can not catch up with the same period of last year.(2)The raw materials sales stayed weak. The trade on viscose category, polyester category, other chemical fiber category and blended category were still in the downturn. Some factories with a relatively larger amount of inventory had their losses compared with the same period of last year. The suppliers in the market held the strong sentiment on the falling market, no optimism on the whole sales market.(3)Although the transaction prices and sales volumes on grey cloths market climbed up slightly, natural fiber grey cloths category and blended fiber grey cloths category growing higher than the previous issue, insufficient demand from the downstream fashion accessories manufacturing factories made the sales volumes hard to rise up largely, and the production and marketing can not get the same levels in the same period of last year.(4)Influenced by the weakening demand on the international market, less foreign orders on apparel fabrics can be received. The spot transaction and order-sending of cotton fabrics, polyester fabrics, polyester/spandex fabrics and fashion fabrics all plummeted in different degrees.(5)Thanks to the partial domestic demand on winter and spring garment warming back, in parts of cloth companies with a shop in front and a factory behind, marketing departments of manufacturing factories and large salesrooms, the spot transaction and order-sending on winter heavy weight innovative apparel fabrics in novel patterns sold smoothly. The spot transaction and order-sending on partial winter weight varieties of T/C fabrics, polyester/wool fabrics, T/C fabrics, ramie/viscose fabrics and nylon/cotton fabrics rose up slightly to some extents, and small volume of different kinds of spring fabrics were also ordered partially.(6)Due to the shrinking foreign orders, curtain gauze and bedding sets in home textile category lurched slightly, while the trade on curtains increased higher, dragged out by novel pattern fabrics. (7)In view of the warmness of partial domestic demand on winter and spring fashion accessories, in fashion accessories category, the trade volumes on linings and laces rose up higher than the previous issue. But the whole market sales still became worse, and the transaction on thread & rope, belts and apparel linings slid lower than the previous issue.
As the downstream demand weakened, parts of textile printing and dyeing enterprises and garment-making factories had low rate of running machines. In some small and medium-scaled weaving factories, owing to lack of business, the rates of running weaving machine were getting lower. Though it was not the end of lunar year, migrant workers of some small weaving factories had already begun to return home ahead of the schedule. Referring to the usual situation of the past years, subletting salesrooms for next year had become active. But up to now, despite the falling rent of salesroom, few dealers had real intention to rent salesrooms, the subletting did not fully start up. Lots of dealers held a stronger watch-and-see attitude than that of the same period of last year. Due to lack of foreign orders and bad performance of the whole textile market sales, the operation costs and business risks of dealers were still getting higher. Parts of dealers expected to rent the salesrooms when the rent fell down after the spring festival. Some small and medium-scaled dealers favored Dongmen Market for its low rent. For instance, small embroidered home textile fabric dealers had a plan to move to Dongmen Market to reduce the business costs and risks. In the forecast, less foreign orders on fashion accessories fabrics will be received. Though the whole market sales rose up slightly in fluctuation, the spot transaction of selling large amount of low-grade popular products still occupied a certain market share, by which small profits can be gained. Some dealers started to call back the payment due to the previous credit transaction. Order-sending of high-and medium-grade fabrics was mainly transacted by small quantities of different varieties. The whole sales volume climbing up largely tends to be hard next week. The sales volume of the overall market is hard to compare with that in the same period of last year.
Due to less support from downstream demand, the sales on raw materials presented a weak and soft trend. According to the analysis on the data collected from many information resources, the price index on raw material category closed at 82.29 points, down 0.61% than the previous issue, in a downtrend.(1)In this issue, the viscose trade in raw material category fell down to the lowest in the price index due to the obvious shrinkage of sales. The viscose staple prices slid down, either. The whole sales on rayon yarn presented a downturn.(2)The price index on other chemical fiber category tended to go down owing to the weak sales. The whole sales on spandex market was adjusted in a low position. For the slack demand from the downstream, spandex manufacturing factories limited the production in a larger range. The acrylic market still kept bleak, due to the slack demand of the downstream, the whole market transaction performed badly.(3)The price index dropped down a little for its decrease in sales. In Xiaoshan and Shaoxing region, the whole sales on blended yarn category remained bleak. The prices of T/C yarns and T/R yarns were getting weaker for the shrinking demand of the downstream.(4)Owing to the weak demand of the downstream, the price index on polyester category tended to slide down slightly. In Xiaoshan and Shaoxing region, many downstream weaving factories held a cautious and watch-and-see attitude on the polyester filament market. The prices of the whole market tended to be adjusted steadily. Parts of the unit prices presented steadiness, but the whole market still became weak, mainly because of the poor performance on DTY sales and the falling quotation offered by polyester filament factories.
Winter heavy weight products partially sold well, spring fabrics started to sell smoothly, making a slight increase in the price index on grey cloths category. The price index on grey cloths category closed at 98.61 points, up 0.05% than the previous issue. From the market response, in the grey cloths category of this issue, the trade on natural fiber grey cloths increased higher than the previous issue, in a rising trend in price index. The trade on blended fiber grey cloths rose up slightly than the previous issue, and the price index tended to climb up higher.
The whole sales on apparel fabrics still stayed weak an soft due to less foreign orders. The shrinking demand on the international market led to a sharp plummet in the price index on apparel fabrics.The price index on apparel fabrics category closed at 96.80 points, down 1.28% than the previous issue. In the category, the price index on fashion fabrics fell down to the lowest due to the insufficient foreign orders. The price index on polyester/spandex fabrics tended to decline obviously for the shrinking foreign orders. The price indices on polyester fabrics and cotton fabrics had a downtrend because of a slight decrease in spot transaction and order-sending compared with the previous issue. In this issue, the prices and sales volumes on pure ramie fabrics category, T/R fabrics category and viscose/wool fabrics category kept stable, the price indices being the same as the previous issue.
Under the impact of the weak foreign demand, home textile market have the largest business area in China Textile City, still remained the downturn, the transaction getting lower than the previous issue. The price index on home textile category closed at 96.66 points, down 0.35% than the previous issue. In this issue, the sharp decrease in the trade on bedding sets and curtain gauzes compared with the previous issue led to the downtrend in the price index. The price and sales volume on daily-use home textile category kept stable, the price index remaining the same to the previous issue.
Since the partial domestic demand on winter and spring fashion accessories returned to warm, parts of varieties of fashion accessories had an obvious increase in the sales. The price index on fashion accessories category closed at 101.87 points, up 1.02% than the previous issue, presenting a rebound. In this issue, the spot transaction and order-sending on linings rebounding obviously compared with the previous issue led to the highest rising in the price index. The price index on laces tended to rise back for the increasing sales.
Top 10 Categories in Rising
Top 10 Categories in Falling
1 Nylon/Cotton Fabrics
9.99%
1 Belts
-2.41%
2 Linings
3.82%
2 Fashion Fabrics
-1.51%
3 Ramie/Viscose Fabrics
2.02%
3 Chemical Fiber Grey Cloths
-1.39%
4 Laces
1.58%
4 Polyester/Spandex Fabrics
-1.04%
5 Polyester/Wool Fabrics
0.24%
5 Viscose
-1.00%
6 Natural Fiber Grey Cloths
0.20%
6 Other Chemical Fiber
-0.93%
7 Curtains
0.13%
7 Blended
-0.67%
8 T/C Fabrics
0.10%
8 Apparel Linings
-0.59%
9 Cotton/Ramie
0.06%
9 Polyester Fabrics
-0.52%
10 Blended Fiber Grey Cloths
0.05%
10 Bedding Sets
-0.44%
In this issue, the price indices on nylon/cotton fabrics, linings, ramie/viscose fabrics, laces and polyester/wool fabrics ranked in the first five categories in rising. The sales volume increased to different extents than the previous issue. The slight increase of unit price of partial featured products was the main factor.
In this issue, the price indices on fashion fabrics, chemical fiber grey cloths, polyester/spandex fabrics and viscose category ranked in the first five categories in falling. The sales volume declined to different extents than the previous issue. The slight decrease of unit price of partial featured products was the main factor.
