Review And Prospect Of Differentiated Raw Material Market In Shengze Market In March

In March, the market of cationic silk in Shengze market is going down first and then rising.

The price of products also fell first and then rose.

In early days, due to the influence of factors such as the CDP price of upstream raw materials and the purchasing power of the downstream, the price center of gravity dropped moderately. For example, the prices of products in the early days of FDY75D and 100D were 10350 yuan / ton, 9850 yuan / ton, and the ionic market began to consolidate in the middle and upper reaches of Xunyang. The main reason is that the price of the upstream CDP chip has entered the consolidation, which has supported the cationic silk market, and the purchasing power of the downstream silk products to the cationic silk products is also mild.

Cationic prices also tend to be stable, such as FDY75D, 100D prices in 10300 yuan / ton, 9800 yuan / ton; in the middle and late days, cationic silk market began to pick up, mainly because the upstream raw material prices rose, boosting the price of cationic raw material CDP slice, and cationic manufacturers have limited production in the early stage, making the market pressure on the stock market is lighter.

The price of cations has increased. By the end of the month, the prices of products FDY75D and 100D have risen to 10500 yuan / ton and 10000 yuan / ton respectively.

In March, the main factor of Shengze market cationic silk market fluctuation is the upstream raw material CDP slice price trend. In March, the price trend of CDP slice was "first suppressed and then raised". At the beginning of the month, the market price of CDP slice was about 8150 yuan / ton, and dropped to 7900 yuan / ton in the middle of the month, and the rate of reduction was 250 yuan / ton.

Then, influenced by factors such as the rebound of global stock market, the decline of US dollar and the continuous rise of crude oil, the price of raw materials such as upstream PX and PTAD has seen a wave of rising prices. Therefore, in late March, the market of CDP chips began to pick up and the price began to rise as a result of the pulling of costs. At the end of the month, the market paction price was around 8150 yuan / ton, and returned to the level of the beginning of the month.

From the sales point of view, the sales of cationic FDY wires in March were good, such as FDY63D, 100D, 150D, and FDY63D was the most smooth.

Mainly because the FDY63D wire is widely used, it can be used directly to weave production of thin gauze fabric, and can also be interwoven with DTY silk to produce jute like linen.

The cationic jacquard series is also better than conventional fabric, so that some enterprises are turning to cationic surface and material production, so the demand for cationic silk is rising.

In March, the market of polyester / polyester composite yarn in Shengze market fluctuated greatly.

在第一周，受上游原料聚酯切片價格下調以及下游需求回落的雙重影響下，盛澤市場滌/滌復合絲行情有所下調，產品價格多有100-200元/噸不等的下調，在第一周的周末(DT平牽+ POY)50+50、100*100的實際成交價9800-9900元/噸、8600元/噸；到第二周行情開始趨向穩定，產品價格基本和前一周保持穩定，主要是因為滌滌復合絲生產廠家前期多有限產行為，使得市場庫存不大，在很大程度上對行情起到了托盤作用；而下游面料市場較為平淡，使得滌/滌復合絲銷售難以放量；而到后2周在聚酯原料成本上漲的推動下，滌/滌復合絲行情價量都有上升，到月底(DT平牽+ POY)50+50、100*100的實際成交價10400元/噸、9200元/噸，在這兩周內滌/滌復合絲各產品普遍有500-600元/噸的上漲。

In March, the island composite wire market remained stable and the price remained stable.

Mainly because the market capacity is small, making the supply and demand balance on the market, and downstream demand change is not big.

From the price point of view, island composite DTY silk 215D--225D (excellent) price has been maintained at 14800-15000 yuan / ton, DTY105D island composite wire excellent price has been maintained at around 16800-18800 yuan / ton.

Judging from the sales situation, the DTY105D island composite wire and DTY215D island composite wire sold well on the market in March, mainly because the downstream home textile products began to sell well, which promoted the sales of suede, but the demand for warp knitted products was not so good that the demand for FDY Island silk fell down.

Polyester / nylon composite yarn market was weak in March, and the price dropped slightly.

Judging from the price market, the current price line is 16200 yuan / ton, the weft line is 14300 yuan / ton, and the central price of DTY90D/75F * 16 polyester / nylon composite yarn and DTY75D/36F x 16 is 23000 yuan / ton, 23500 yuan / ton respectively, compared with the previous month, the price has dropped 200-300 yuan / ton.

Polyester and nylon composite yarn market has been in weak consolidation this month. The main reason is the sales of downstream related fabrics, mainly downstream related fabrics, such as polyester, peach, velvet, and corduroy sales are relatively weak, and in the downstream market trend is not clear, weaving manufacturers choose the production of polyester conventional fabrics in the majority, the demand for polyester / nylon composite silk is obviously insufficient.

Fortunately, in the latter half of the month, the price of upstream raw materials increased and its price was maintained.

Looking ahead, the export rebate rate of textile and garment has increased again since April 1, 2009.

This is the second time this year to raise the export tax rebate rate of textile exports to 16%. This news has once again raised the confidence of the industry.

Moreover, the traditional sales season is coming, the downstream market sales are also improving, weaving manufacturers are gradually increasing the starting rate, the fabric market is getting warmer.

This can be well verified from the chart of China Shengze silk chemical fiber index (see Figure 1 and Figure 2).

But we should also see that at present, the digestion capacity of raw materials for textile enterprises is still at a low level, especially for high priced raw materials, with strong resistance. Moreover, the supply of raw materials is mostly supply exceeding demand. Although the market is not large at present, the production capacity will gradually release in the later stage as the market gets warmer.

So the author predicts that the overall market of differential fiber products will increase in April, but it will not rise much by demand and supply.

Chart 1 is the index of the market overall prosperity index of China Shengze silk chemical fiber index.

          圖二為：中國•盛澤絲綢化纖指數中化纖總指數走勢圖

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