Ministry of Commerce, China Shengze Silk and Chemical Fiber Index Comments (12.17-12.23) This week, the overall fabric market in Shengze is still weak. The impact of the off-season market is still weakening the sales of fabrics and the prices have dropped. Polyester market, however, started to stabilize and rebound with the continuous rise of PTA futures. From the beginning of the week to the sharp rise of the weekend, Polyester market performed a V-shaped trend this week. According to data monitoring and analysis of 350 feedbacks by price-traded units, the Ministry of Commerce of China, Shengze Silk and Chemical Fiber Index closed at 98.6 points, down 0.12 points from the previous week. The price index on chemical fiber fabrics dropped 0.12 points to 97.44 points, The chemical fiber index closed at 100.33 points, unchanged from last week; the silkworm cocoon silk index recently closed at 101.72 points, up 0.13 points from the previous week. First, the off-season sales of fabrics by the factory off the busy (Figure above is the recent price index of chemical fiber products, the overall trend chart) From the price index product charts we can see this week, the chemical fiber product price index continued to shock down, mainly because Due to reduced demand in the off-season market, Shengze fabric market is sluggish. In addition, the issue of the central bank bills on the 22nd stop again, the currency market has really entered a steady regulation. In addition, the recent weather has continued to warm, the shipment of a variety of warm clothes are also affected a lot, the sales of conventional fabrics such as Nisi Fang, Dita Fu, Chun Yafang were suppressed, the whereabouts of these bulk products also stimulated other Product follow-up, which led to the whereabouts of this week. Second, low production and sales, textile companies down busy (on the picture shows the recent chemical fiber fabric price index chart) Two weeks ago, the central bank suddenly suspended the three-year central bank bills issued, and two weeks later (22), the central bank suspended once again This issue of the central bank bills issue, only issued a billions of three-month central bank bills. Here, in addition to the "Benchmark" on December 10, the overall market interest rates have diverged compared with two weeks ago. The price of funds in the inter-bank market has risen sharply. In addition, interest rate hikes have often been "lost ground" Also make the market mentality change, the international and domestic macro-control has seen a new change. It can be said that the current monetary policy has entered a steady. In addition, with the spread of European sovereign debt crisis, a new round of downgrading also threatens the region's highest rated borrowers. Spain, Portugal and other countries suffered a rating downgrade warning, France may also fear losing the AAA sovereign credit rating, Belgium is also inevitable. The role of the liquidity market began to decline, replaced by the basic fundamentals of supply and demand began to appear, and the off-season in December constraints, fabric shipments can hardly be good. Although the steady rise of polyester filament plays an important cost support for the price of fabrics, from the downstream supply and demand perspective, due to the off-season market factors and the recent approaching of the New Year, the demand for fabrics in the current apparel, home textile and luggage industries has been greatly reduced , Which also led to this week's chemical fiber fabric price index continued downward. Shengze market loom this week, the boot rate remained at around 6 percent. From the classification index point of view, this week, many regular products continued to decline, such as polyester taffeta down 0.58 points to 101.27 points; polyester pongee wei drop 0.02 points to 97.86 points, elastic spring Asian spin down 0.71 points to 98.03 points; Nigeria Sliver plunged 1.04 points to 95.47 points, down to 0.40 points to 97.96 points by suede and 0.84 points to 99.98 points in weft sutures, down 0.1 points to 114.08 points in chiffon. Fell 1.3 points to 100.12 points; polyester Jin Peach down 0.01 points to 99.33 points, Jindi Peach plush fell 0.13 points to 91.41 points, polyester cloth Oxford cloth fell 0.78 points to 98.27 points; nylon Oxford cloth plunge 1.39 points to 89.13 points; minor minor siting 0.07 points to 98.17 points; Jindi Fang down 0.65 points to 103.47 points; Polyester Yao Yao fell 1.22 points to 91.83 points. From the specific product point of view, due to the year-end low season, the downstream fabric orders dropped significantly, the market flat sales, loom boot less, production and sales weak. The sales volume of all kinds of home textiles, such as various kinds of water-washed cashmere, jeanette and suede fell sharply from the end of last week due to the end of the purchasing by the downstream manufacturers. In addition, the end of the year is approaching, and the time for housewives to buy textile fabrics is only For January or so, the downstream manufacturers make it a bit urgent. In addition, although the recent winter warm winter affect the Nisi Fang shipments, but many manufacturers are still optimistic about the market Nisi Fang, bought a lot of inventory waiting for the coming year, the market rising business everywhere, it is learned that a Fujian-based business people to very low The price of 1 million meters 190T nylon spinning, waiting for sale after years. In addition, some leisure fabrics, the market began to sell well this week, mainly the market began to prepare for the next 3-5 months of the season, to leisure, sports in the name of various types of textile fabrics, the recent market inquiries more .
Cotton fabrics, polo ralph lauren, Shengze market this week, polyester and cotton, cotton, Khaki Drills, cotton, Jin Mian and other cotton-related products inquiry is more scarce, the actual transaction is only a handful, mainly due to frequent changes in cotton
Yarn prices. Third, the rise in production and sales, chemical fiber index bottomed out (Pictured recently the chemical fiber price index chart) This week, the international crude oil prices hit a recent high, as of December 22 at night, the New York Mercantile Exchange in February next year delivery Light sweet crude futures rose 66 cents to close at 90.48 US dollars a barrel. On the London market, Brent North Sea crude oil rose 45 cents to settle at 93.65 U.S. dollars a barrel. PTA disk spot mainstream negotiate price rose 100-150 yuan to 9500-9550 yuan / ton, MEG East China offer also rose 200-250 yuan / ton to 8500-8550 yuan / ton, the polyester semi-light chip market remained mainstream in the 11300 yuan / ton (cash) or so. With the continuous rise in crude oil prices, coupled with the PTA futures and spot market prices have gone up, rising raw material costs, and the end of the replenishment cycle is coming, the cost of support this week, polyester filament market in Jiangsu and Zhejiang began to bottom out its rebound Trip, as of the weekend, Jiangsu and Zhejiang markets in the production and marketing of Polyester generally between 150-250%. This week in Jiangsu and Zhejiang Disi rose mixed, which Shengze one mainstream spinning manufacturers FDY66D / 24F offer fell 600 yuan to 16,700 yuan / ton, POY75D / 72F offer acceptance rose 800-16,000 yuan / ton. Taicang market a mainstream Polyester maker POY75D / 72F acceptance offer fell 50 yuan to 14,850 yuan / ton. Tongxiang area a mainstream maker offer fell slightly, now POY150D / 144F offer 13,100 yuan / ton. DTY150D / 144F offer 15200 yuan / ton. In addition, the polyester filament in Xiaoshan area is relatively stable. Currently, a mainstream manufacturer FDY50D / 24F is reported at RMB16,900 / tonne, while the quotation price of the DTY150D / 288F microgrid market is RMB15,400 / tonne and the price of POY75D / 36F is RMB13,900 / tonne. Another local POY maker POY75D / 144F market price of 15,000 yuan / ton, POY150D / 48F market price of 12,300 yuan / ton. Fourth, the cocoon silk prices continue to be bullish to be cautious (Pictured above is the recent cocoon silk price index charts) This week, the cocoon silk index continued to rise, this week closed at 101.72 points, compared with the previous week, The increase of 0.13 points was mainly due to the tight supply of cocoon raw materials and the low inventory level, which continued to provide momentum to the market. Coupled with such factors as labor, income and land, the prices also increased a slight increase in costs and prices hit new highs. However, the recently concluded Central Economic Work Conference also proposed an active and prudent, prudent and flexible economic policy. The Central Bank suspended its central bank bills twice and the CPI was still high. Market participants once vowed to raise interest rates. From 20 onwards, deposit-taking financial institutions renminbi reserve ratio again raised 0.5 percentage points, which also makes China's large banks deposit reserve ratio reached a record high of 18.5%, which is the central bank raised its sixth this year The deposit reserve ratio, which is also the third time raised the deposit reserve ratio within 32 days, the intention of the central bank to tighten liquidity is obvious. In addition, India's imports of raw silk "gate" once opened, the domestic supply of cocoon tight will be a good response to the status quo, the status of high cocoon price will be effectively suppressed. In addition, the domestic raw silk prices soar this year, has risen to more than 40 yuan / ton, a 9 m full silk electric power only white billet quoted at more than 20 yuan, a common crepe de chine fabric, white billet prices At more than 40 yuan / m, a relatively thick silk fabric to reach 100 yuan / m, plus other dyeing and finishing processes, the market can accept such high prices rarely, and more factories are waiting to decline, Interrupting spending power is also gradually wave after wave of rising, the support of the downstream is not obvious enough. In addition, Europe is facing a series of downgrade turmoil, the market prospects erratic, and in the silk prices continued to rise, while the downstream market situation has not followed, not only domestic consumers unacceptable for the current high prices, foreign export orders Also dropped sharply.
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