Raw Material Market Weakness &Nbsp; Price Index Slipped Slightly.

Analysis of major price indices of textiles

The 20111024 price index of China Keqiao textile index closed at 108.62 points, down 0.71% compared with the previous period.

The current price index increased by 3.77% over the beginning of the year, up 9.02% last year. This period shows that the price index of raw materials, grey fabrics and clothing fabrics has decreased from the first class classification to the total category. Price The index slipped slightly. However, the price index of home textiles, clothing accessories and other accessories increased unequal, which restricted the decline of the general price index.

Operation of price index this week

1. international oil prices are more volatile, polyester raw materials prices are weak, cotton prices continue to decline. In October 14th, the New York mercantile exchange light crude oil futures in November closed at 86.80 U.S. dollars / barrel, to December October 21st, futures closed at 87.40 U.S. dollars / barrel; October 14 London Beihai crude oil November futures closed at 114.68 U.S. dollars / barrel, to Brent futures closed at 109.56 U.S. dollars / barrel. International crude oil prices are more volatile, the upstream polyester raw materials PTA and MEG market prices are weak, such as PTA East China market spot is lower. Discuss The price in October 14th was 9550 yuan / ton, to 8700 yuan / ton in October 21st; MEG in the East China market, the lower spot negotiated price was 9380 yuan / ton in October 14th, and 8770 yuan / ton in October 21st; in the Jiangsu and Zhejiang half light polyester chip cash acceptance, the lower negotiation price was October 14th 12200 yuan / ton, to October 21st in 11550 yuan / ton, the price center of gravity continued to show a downward trend. Domestic cotton prices continue to decline, for example, domestic 328 grade cotton in October 14th received 19850 yuan / ton, until October 21st, 19623 yuan / ton, down 227 yuan / ton; 229 cotton in October 14th reported 21306 yuan / ton, October 21st to 21027 yuan / ton, down 279 yuan / ton.

2., many kinds of factors superimpose mass production and sales retraction, and Shaoxing branch of Bank of China supports small business loans. (1) weak demand in the international market and decline in production and sales of textiles. The demand for textiles in foreign markets is getting higher and higher, and the domestic mass textiles, which are always lacking in innovation, are gradually shrinking. At present, it is difficult for textile enterprises to take orders, and the pressure of inventory is high. At the same time, it is caused by many bad factors, such as rising labor costs, RMB appreciation, raw material price fluctuation, loan interest rate raising and financing difficulties of small and micro enterprises. domestic The textile industry will reshuffle again. Recently, the international crude oil market is still in the adjustment market. In recent years, the PTA and MEG market of polyester raw materials still showed a sharp downward trend, and the enthusiasm of purchasing was sharply reduced. The price of semi gloss polyester chips and bright polyester chips continued to fall in Jiangsu and Zhejiang provinces, resulting in a substantial decline in polyester production and marketing in recent years. The production and sales of polyester and polyester products in Jiangsu and Zhejiang provinces declined, inventories increased and prices fell. Due to insufficient demand, labor costs increased. Cotton purchasing and storage policy plays an important role in improving the enthusiasm of cotton farmers and avoiding the risk of textile industry. But at present, it is still time for textile enterprises to get out of the predicament. 2. The Shaoxing branch of the Bank of China can help the enterprises in financing. The shortage of funds is the most difficult problem for most enterprises, especially small and medium-sized enterprises. How can we provide them with strong financial support? Shaoxing branch of Bank of China can help enterprises in financing by obtaining loans and issuing new products. By the end of 9 this year, the balance of RMB loans in the bank was 10 billion 783 million yuan, an increase of 468 million yuan compared with the beginning of this year. The Shaoxing branch of the Bank of China has continuously innovating its services and increasing its funding. In the first half of this year, the Bank launched new products such as "small business joint guarantee loan", "small business network treasure", "Xing Long Tong Bao" and some other new products, which eased the guarantee problem of small enterprises to a certain extent. In the first 9 months, the balance of small business loans of Shaoxing branch of the Bank of China reached 2 billion 278 million yuan, an increase of 206 million yuan compared with the beginning of the year, and the balance of new loans was nearly half of the new loans of the whole bank.

3. Xiao Shaochun cotton yarn prices fell, marketing continued to be weak. Recent upstream cotton Prices continue to fall and lack of strong support for downstream demand, resulting in some cotton varieties prices continue to fall. Due to the weak demand in the lower reaches, the marketing of pure cotton yarn in Xiaoshao area is more obvious, the turnover is low, the marketing atmosphere continues to be weak, and the stock pressure of the cotton mill increases. China Light Textile City Qian Qing raw material market 21S pure cotton knitted yarn Shandong silver high yield / first class October 14th mainstream quotation in 25500 yuan / ton, to October 21st mainstream quotation in 25000 yuan / ton (down 500 yuan / ton). 32S cotton and high spun yarn Ji'nan honeysuckle produced first class goods. In October 14th, the main quotation was 28500 yuan / ton, until October 21st, the mainstream quotation was 28000 yuan / ton, (down 500 yuan / ton).

4. grey fabrics fell slightly. Recently, the turnover of grey fabrics in light textile city has declined slightly. Due to the partial shortage of mass fabric running volume in the traditional market, the turnover of textile market in Textile City has dropped slightly, and the turnover of natural fiber grey fabric and chemical fiber grey fabric has shown an uneven trend of decline. In the autumn and winter, the turnover of medium thick grey cloth is still obvious. However, there is a shortage of grey scale fabrics and low volume running products. The spot price has returned slightly to a slight decline.

5. the fabric price index has declined slightly. show Insufficient. In terms of the overall market, the listing of finished products in autumn and winter continues to increase. Some of the former shops and factory stores and scale business outlets are still moving smoothly in the autumn and winter because of the transformation and upgrading of products, and the partial turnover of differentiated autumn and winter fabrics is quite smooth. However, due to the tight chain of funds and the compression of the profit margins, credit delivery business has been partially abandoned by the mass fabric. Due to the weak demand in the international market, there is a lack of subscription to the merchants in the market. The pure cotton fabric, polyester fabric, polyester nylon fabric, polyester ammonia elastic fabric, viscose fabric, sticky wool fabric, nylon cotton fabric, fashion fabric turnover in garment fabrics showed an uneven trend of decline.

Next week's price index forecast

2011 China Keqiao International Textile Fair (Autumn) will be held at the China Textile City International Convention and Exhibition Center in from October 25th to 28th. With the promotion of the Textile Expo, the Chinese and foreign businessmen have followed up. It is expected that the turnover of fabrics will continue to increase in the traditional trading area and the company trading area of the textile city. However, sales of some small and medium-sized businesses are still fatigued. Due to weak demand in the international market, the list is still insufficient. Due to the tight financial chain, the profit margins of the mass fabric market will still be exhausted due to partial compression.

The price index of polyester and cotton fabrics, lace, rope, clothing, lining and linings rose to the top five in the current period. The sales volume increased more than the previous period. The rise in the price of some representative products is the main factor.

This period of fashion fabrics, polyester, cotton fabrics, daily use Home textiles Category, viscose prices index fell in the top five, turnover than the previous period of unequal volume decline, part of the representative unit price unequal volume decline is the main factor.