——Brief Analysis on Price Index 20081222
Affected by the international financial crisis, Shaoxing textile enterprises still lacked of domestic and foreign sales in textile products. Each professional market of China Textile City tended to shrink in the fluctuating daily trade, spot prices of popular goods plumping down slightly. On the sampled-data supervision and analysis on nearly 1000 representative products, the price index of the issue 20081222 of "China·Keqiao Textile Index" closed at 92.18 points, down 0.85% than the previous issue. Shown on the first classification, the price indices on raw materials category, grey cloths category, apparel fabrics category, home textile category and fashion accessories category declined in different degrees, causing the price index on general category to slide down. In it, the price index on raw materials category closed at 81.71 points, down 0.49% than the previous issue; grey cloths category closed at 98.15 points, down 0.68% than the previous issue; apparel fabrics category closed at 97.28 points, down 0.52% than the previous issue; home textile category closed at 96.39 points, down 0.30% than the previous issue; fashion accessories category closed at 100.67 points, down 0.68% than the previous issue.
Materials in Different Categories Sold Weakly and Softly, Prices Frequently Went Down
Influenced by the global financial crisis, the demand from the downstream weaving factories kept insufficient, so the price indices on different textile materials had a downtrend. The price index on cotton/ramie category ended at 93.05 points, down 0.77% than the previous issue. With the gloomy sales in the downstream market, the rate of running machines in weaving factories continues to decline. In Xiaoshan and Shaoxing region, pure cotton yarns market remains its weakness, hard to recover. Plus the end of 2008, factories have a heavier pressure on capital flow. Cotton spinning factories mainly withdraw the capitals by selling products in low prices, and middlemen dun for the year-end debts as well. The watch-and-see sentiment is still getting strong. Market dealers are bewildered about next year's market, holding the cautious attitude on purchasing goods in a watch-and-see approach. The price index on viscose category ended at 74.87 points, down 0.15% than the previous issue. The prices of viscose staples continue to go down slightly with weakening sales, and the shipment is still not optimistic; Due to the ordinary rayon demand in the downstream, the prices go steadily. The price index on other chemical fiber category ended at 74.36 points, down 0.04% than the previous issue. Spandex market is keeping adjusted in a low position and tends to get weaker. Although it is near to the end of 2008, the phenomenon of selling products in low prices commonly occurs. But owing to thin profit or no profit in business, spandex manufacturing factories are cutting down the production and not willing to lower the prices further. In addition, the downstream factories are not so enthusiastic in purchase cheap products that the current spandex price on the whole market gradually slow down the falling pace, relatively tending to go smoothly. However, due to the end of 2008, partial orders from the downstream and limited inventory made some spandex manufacturing factories have a slight growth in output, but the whole market sales kept the slowdown. Nylon chips market selling weakly and softly led to the unfirm prices of nylon filament, and the prices of some varieties plumped down in a narrow range. Because of the weak market demand, the markets of the downstream products such as acrylic products stayed the downturn. The price tended to drop down, and the sellers mainly kept a watch-and-see sentiment. The price index on blended category closed at 85.94 points, down 0.79% than the previous issue. T/C yarns market has a downtrend. The transaction on T/R yarns is in the downturn with a decline in both prices and sales volumes.
Insufficient Market Demand Led to the Shrinkage in Sales, Prices and Sales Volumes of Apparel Fabrics Lurched Down
The global financial crisis caused the shrinkage in textile fabrics foreign trade. Due to the sharp decline in foreign orders, less garment manufacturing companies across the country came to China Textile City to purchase goods, which led to the slight fall of China Textile City Daily Trading Volume compared with the previous issue. In the consumption downturn of Europe and America, most of international buyers keep the attitude of watch-and see; Shrinking demand on the international market and decreasing foreign orders made partial companies and trading companies obtain no profit at all for no orders. RMB depreciation is good to textile industry but the key issue is that the foreign market still keeps weakening and the global textile products supply exceeds the demand. Currently, the tough problem textile export-oriented companies are facing can not be tackled down only through RMB depreciation which is hard to stop the downtrend of sliding export. At the end of 2008, China Textile City dealers mainly sell their popular spot goods in low prices, partial small and medium-scaled textile companies sell the traditional spot goods by discount promotion for capital withdrawal, which led to the decline on apparel fabrics price index. Shown on the secondary classification: the price index on pure cotton fabrics category closed at 105.83 points, down 0.08% than the previous issue; polyester fabrics category closed at 94.60 points, down 0.43%; T/C fabrics category closed at 93.06 points, down 1.49%; polyester/wool fabrics category closed at 109.22 points, down 0.04%; polyester fabrics category closed at 95.49 points, down 0.97%; polyester/spandex fabrics category closed at 94.13 points, down 2.50%; nylon/cotton fabrics category closed at 104.24 points, down 7.51%; fashion fabrics category closed at 96.52 points, down 0.57%.
Apparel Lining trade Stayed Inadequate, Selling Products in Low Prices were still Obvious
Shown on the secondary classification: the price index on apparel linings category closed at 102.82 points, down 0.76% than the previous issue. Apparel linings sales in China Textile City is still mainly in the transaction by selling popular spot goods for large quantities. Due to the global financial crisis, the inadequate apparel foreign trade led to the weak and soft trend in lining trade. The spot goods of polyester linings are obviously sold in low prices for large quantities. In 170T polyester taffeta, 190T polyester taffeta, 210T polyester taffeta, 210T poly trilobal (silk-like), shuttle five-heddle satin, shuttle eight-heddle satin, water-jet eight-heddle satin, 240T water-jet shumei satin, water-jet satin, water-jet rayon lining twill and other woven varieties, the price of spot goods tend to go weakly and are hard to rebound, mainly in the transaction mode by delivering goods in low prices. In view of less subscription from target customers, the trade volume on linings presents a sliding trend, fluctuating in a narrow range compared with the previous issue. To water-jet satin, water-jet shumei satin, water-jet rayon lining twill and water-jet twill satin, the overall market trade is not adequate, the spot goods sales partially tending to go softly. The large salesrooms or the dealers contracting machines and volumes having large quantities of finished spot goods on the market go well in partial marketing, but promoting spot goods for large amount in low prices is still the key marketing method.
In the forecast, the daily trade next week will linger in a narrow fluctuation. Though fabric sales are partially affected with winter and spring varieties sales, the overall market keeps the main situation of adjustment and each main category tends to have insufficient trade volume. Due to the end of 2008, China Textile City dealers sell winter popular spot goods in favorable prices aiming to withdraw capitals; Some dealers decline the delivery on credit, start to count the account and dun for the debts. Selling winter popular spot goods in favorable prices is still the marketing mainstream.
Top 10 Categories in Rising
Top 10 Categories in Falling
1 Linings
1.73%
1 Nylon/Cotton Fabrics
-7.51%
2 Polyester
0.48%
2 Belts
-3.29%
3 Curtains
0.00%
3 Polyester/Spandex Fabrics
-2.50%
4 T/R Fabrics
0.00%
4 T/C Fabrics
-1.49%
5 Viscose Fabrics
0.00%
5 Polyester/Nylon Fabrics
-0.97%
6 Viscose/Wool Fabrics
0.00%
6 Thread & Rope
-0.95%
7 Ramie/Viscose Fabrics
0.00%
7 Blended
-0.79%
8 Daily-use Home Textile
0.00%
8 Cotton/Ramie
-0.77%
9 Pure Ramie Fabrics
0.00%
9 Apparel Linings
-0.76%
10 Curtain Gauzes
-0.75%
In this issue, the price indices on linings category and polyester category ranked in the first two categories in rising. The sales volume increased to different extents compared with the previous issue. The slight increase of unit price of partial representative products was the main factor.
In this issue, the price indices on nylon/cotton fabrics category, belts category, polyester/spandex fabrics category, T/C fabrics category and polyester/nylon fabrics category ranked in the first five categories in falling. The sales volume declined to different extents compared with the previous issue. The slight decrease of unit price of partial representative products was the main factor.
