——Brief Analysis on Price Index 20090330

March. 23 to 29, for the several cloudy and rainy days, the subscription of customers appeared insufficient in each professional market of China Textile City, the amount on spot goods declined, order sending dropped sharply. Owing to lack of foreign orders and lukewarmness in domestic trade, part of small and medium-size business households declined the delivery on credit in staple goods transactions for fear of tight cash flow and business risks, which resulted in the sales of spring market fluctuating and shrinking. Analysing on the whole trend of each professional market of China Textile City, the spring and summer varieties in apparel fabrics had less transactions. To cotton fabrics, polyester fabrics, T/C fabrics, polyester/wool fabrics, polyester/spandex fabrics, nylon/cotton fabrics and fashion fabrics, the spot transactions and order sending declined in different degrees in some areas, while in partial large-scale salesrooms, order sending in spring and summer varieties of polyester/nylon fabrics and ramie/viscose fabrics increased apparently, product quality and innovative pattern are the main factors to attract target customers to place orders. On home textile market, the sales went well and dull. The spot transaction and order sending on curtains and curtain gauzes dropped slightly, but the fabrics with new styles and innovative patterns were welcomed by target domestic and foreign customers. Due to these series ranking first among main categories of China Textile City in business area of the traditional market, the whole market transaction was still listed ahead of various main categories on the market; the sales on bedding sets increased slightly compared with last issue, the new-style fabrics in innovative patterns dominated the market, cotton printed sheeting partially had a small increase. On fashion accessories market, the whole turnover remained a slight rise, the transaction in each subcategory went up and down, order sending on lining materials, thread & rope and belts grew gradually, but the daily turnover on laces and apparel linings was getting inadequate, the sales volumes declined. According to the sample-data supervision and analysis on nearly 1000 representative products, the price index of the issue 20090330 of "China·Keqiao Textile Index" closed at 90.23 points, down 0.26% from last issue. The first classification showed: the price indices on grey cloths, apparel fabrics, home textile declined in different degrees, pulling the general price index to decline slightly; but the price indices on raw materials and fashion accessories rose up slightly, relatively restraining the falling rate of the general price index. In it, the price index on raw materials closed at 79.47 points, up 0.12% from last issue; grey cloths closed at 92.47 points, down 0.38%; apparel fabrics closed at 96.57 points, down 0.20%; home textile closed at 94.64 points, down 0.40%; fashion accessories closed at 98.44 points, up 0.20%.

The central part of polyester materials moved upward slightly, driving the price index to climb up

The price index on polyester category ended at 73.45 points, up 0.17% from last issue. March 23 to 26, the polyester materials in the up stream went relatively well, the prices of PTA and MEG continued the steady uptrend, more people inquired about the products, the business atmosphere turned to be better, particularly the sales of PTA. The whole market of polyester chips became relatively active, the central part of the prices moved upward slightly. Due to the limited supply on the market, more companies tended to offer no quotation. With the steady support of the polyester materials in the up stream, the whole market in Xiaoshan and Shaoxing region went steady and up, the quotations offered by factories rose up slightly, the whole market performed not bad, so the production and marketing of polyester filament factories were getting relatively better, and the central part of the prices went up slightly. Polyester POY filament and FDY filament had an apparent uptrend, factories are optimistic on the production and marketing, the quotations were lift up in partial areas, the central part of the prices kept the steady and firm trend. DTY filament came to a deadlock after the rise. Polyester staple market mainly appeared steadiness and smoothness, the market went steadily and firmly with good business atmosphere. Pushed by the materials in the up stream, the polyester market in the week has steady and rising prices on the whole. However, the whole trade of China Textile Market in the down stream had no sufficient transactions, the domestic market went lukewarmly. Partial spring varieties temporarily sold tenderly, even no profits in the staple fabrics. The spot transactions on credit were done frequently for large quantities of volumes, the transactions tended to go softly, the prices were too weak to rise up, part of spot goods were sold weakly; Due to the insufficient foreign orders and limited orders received by weaving factories in the down stream, some factories still had a large quantity of popular fabrics in stock, the output had been compressed in some degrees. Till the 27th, PTA spot goods stopped rising and went weak, both parties the suppliers and the purchasers in East China all hold the watch-and-see attitude, the foreign market having a bleak negotiation atmosphere. At present, the market prices of polyester materials kept in a relatively low position, the profits of the majority of polyester filament factories still lingered near to the costs; Since Apr. 1, our country will raise the export rebate rate of partial textile and clothing products, 16% from 15%, relatively bringing the psychological support to polyester materials. Besides, April is near to the busy season of domestic trade for China Textile City Fabric Market, boosting the central part of polyester materials to move upward slightly. As it is predicted, the whole market of polyester materials will fluctuate in steadiness, the quotations continue to present a firm and steady trend.
 
Part of raw materials sold inadequate, leading to the slight decline of the price index

The price index on cotton/ramie category closed at 93.45 points, down 0.03% from last issue. Though the sales of cotton market in the up stream went well, the whole transactions on cotton yarns in Xiaoshan and Shaoxing region continued to go flatly, the quotations were offered normally. Due to the shortage of foreign orders in the down stream and limited domestic orders, the actual demand on cotton yarns was not adequate, the transactions appeared weakness in rising, the trade volumes shrank slightly compared with the previous issue. The sales volume on 60S cotton yarns kept falling, the sales going flatly; No optimism can be held on combed cotton yarns. Poor delivery and weakening prices increased cotton spinning factories' sentiment for selling products. The price index on viscose category closed at 74.36 points, down 0.12% from last issue. In viscose staple market, the prices went steadily and down this week, the whole market continued to slow down. The purchase of weaving factories in the down stream declined largely, the sales dropped lower than that of last week; The whole market of rayon yarns in the down stream went lower than last week, the sales trend slowed down. The whole rayon yarn market was getting worse than last week, the amount to delivery appeared common. Due to more supply on the market, the unit price of some products temporarily went steadily and firmly. Rayon yarns were quoted flatly on the whole, but purchasers and business households were cautious about it. The price index on other chemical fiber category closed at 70.86 points, down 0.31% from last issue. The total demand on spandex stayed in steadiness, the whole market continued to go steadily; Owing to the apparently increasing supply on low-end spandex products, part of factories promoted spot goods at low prices to compete for the limited customers; Since the lack of foreign orders and no enough production in weaving factories, the purchase for spandex was getting less active, but the whole spandex demand in the down stream relatively went steadily. In nylon market, the sales appeared steady, the civil nylon filament market relatively became dull, factories mainly doing business with small profits return. The whole market had a weak trade. For the limited demand from the down stream, the prices was hard to recover. Lack of support from raw material's price and average demand in the down stream led to the temporary steadiness of nylon filament price. In acrylic market, people were relatively optimistic on the sales, factories increased the output; Due to the tight supply on acrylonitrile market in the up stream, the prices rose up slightly, making the quotation on acrylic fibers offered by factories keep rising.
 
The sales on apparel fabrics fluctuated and declined, the price index slid slightly

The price index on apparel fabrics closed at 96.57 points, down 0.20% from last issue. Affected by the several cloudy and rainy days, the subscription of customers around the country was insufficient, the spot transaction on apparel fabrics slid down slightly, order sending declined sharply. Thanks to the lack of foreign orders and a large volume of popular spot goods comeing into the market, the prices of the products with the same quality were squeezed in the competition, and the delivery on credit to target old customers was getting more. Part of small and medium-size business households declined the delivery on credit so as to avoid the tight capital flow and other risks, leading to the fluctuation and shrinking volume of the whole market. In it, the price index on fashion fabrics closed at 96.18 points, down 0.74%. Lacking of foreign orders, inadequate in domestic orders, fashion fabric market had a shrinking sale compared with last week, some high-price fabrics had a little discount in the unit price, causing the price index of this category to drop lower than last week; however, polyester fabrics, nylon fabrics, nylon/polyester fabrics, nylon/polyester/spandex fabrics, rayon/spandex fabrics, polyester/rayon fabrics, wool/acrylic fabrics and wool/polyester fabrics with fashion styles interacted with each other in small quantities, the products by using reactive dying and printing, and yarn-dyed striped and checked fabrics, jacquard fabrics, embroidered fabrics were welcomed by garment factories. But to the whole market, the spot transactions and order volumes on fashion fabrics was shrinking compared with last week, the whole market tended to decline. The price index on polyester/spandex fabrics closed at 95.03 points, down 0.74% than last issue. As the sales on spring polyester/spandex fabrics temporarily went tenderly, to spring filament satin 4-way stretch, filament sequin 4-way stretch, cationic FDY 4-way stretch, cationic two-tone rayon striped 4-way stretch, cationic mixed-color rayon striped 4-way stretch, cationic diamond rayon striped 4-way stretch and filament color striped 4-way stretch, the daily transaction volume in different colors became less than that of last week, order sending in part of large-scale salesrooms declined sharply; to spring polyester/spandex fabrics, the whole market had less spot goods transactions and order batches than last week, so did the sales volumes. The price index on polyester fabrics closed at 94.17 points, down 0.14% from last issue. The spot goods transactions on spring and summer polyester fabrics were lower than last week. Polyester printed chiffon, printed chiffon crepe, motif printed chiffon, jacquard printed chiffon and polyester printed poly peach, knitted printed double-faced stretch and knitted printed 4-way stretch interacted with each other in small quantities of different varieties, but the sales volumes were getting less than that of last week.
 
As it is predicted, the turnover of the whole market in China Textile City will climb up in the trend. Since Apr. 1, our country will raise the export rebate rate of partial textile and clothing products, from 15% to 16%. Raising the export rebate rate is absolutely favorable to let trading companies of China Textile City and partial market business households get benefit from it and enhance their confidence. As the domestic market continues to be active, customers from target secondary markets all around the country and fashion accessories manufacturers subscribe spot goods and send orders relatively actively. Spring and summer fabrics interact with each other. Spring polyester/spandex fabrics, multi-chemical fiber wool-like, T/R wool-like and spring and summer polyester fabrics, nylon/cotton fashion fabrics, T/C printed fabrics, cotton printed fabrics and polyester/nylon fabrics and other apparel fabrics continue to sell well in partial areas, the turnover climbing up day after day. In home textile, curtain fabrics and curtain gauzes with new styles and creative patterns will continue to be active in partial areas.

In this issue, the price indices on chemical fiber grey cloths, thread & rope, ramie/viscose fabrics, polyester/nylon fabrics and lining materials ranked the first five categories in rising. The sales volume increased in different degrees compared with last issue. The slight increase of unit price of partial representative products was the main factor.

In this issue, the price indices on natural fiber grey cloths, nylon/cotton fabrics, polyester/spandex fabrics, fashion fabrics and curtains ranked the first five categories in falling. The turnover declined in different degrees compared with last issue. The slight decrease of unit price of partial representative products was the main factor.