Analysis Of Shengze Silk Chemical Fiber Index (21-26 May)

According to the data monitored by 350 purchasing units, Shengze, China, this week silk Chemical fiber index went down slightly. Among them, the chemical fiber index closed at 96.33 points, compared with the previous weekend, down 0.02 points; this week Chemical fiber fabrics The price index also showed a slight decline, closing at 96.80 points, down 0.02 points compared with the previous weekend. This week, the chemical fiber price index fell slightly, closing at 95.27 points, down 0.01 points compared with the previous weekend. Cocoon and silk products prices fell sharply this week, closing at 102.21 points, down 0.02 points compared with the previous weekend.

Conghua fiber products price index trend can be seen, this week's chemical fiber index decline, this is mainly due to the overall volume of fabric market turnover has dropped, because the weaving enterprise inventory pressure is still in, weaving mills consume more inventory, manufacturers generally enthusiasm, resulting in insufficient procurement of raw materials, coupled with the upstream PX, PTA and other raw material prices are weak, making raw material market production and sales fall, the transaction performance is mediocre. This week, the cocoon silk index fell slightly, and the overall market pattern changed little. On the spot, cocoon silk quotation slightly reduced, the change is not big, the deal is general.

First, from Fabric Market Market view

This week, the price index of chemical fiber fabrics fell slightly this week, closing at 96.80 points, down 0.02 points, and the overall market volume of Shengze's inbox market has dropped slightly compared with last week, and the market inquiry atmosphere is generally. Judging from the market volume of China's silk net monitoring, the volume of turnover this week is about 3 million 200 thousand meters. Sales of autumn and winter fabrics such as polyester taffeta, spring Asian spinning, and nylon spinning on the market have shrunk, and knitted, polyester and nylon fabrics have been stronger.

Specifically from the aspect of materials, this week Lining Market The overall sales volume has shrunk slightly, especially in plain grain, the market is slightly weak and the price is stable and small. Goods do not improve, the market pressure is bigger, but the profit margins are very small. The manufacturers are not willing to adjust the offer price. Now the price of 170T polyester taffeta is 1.30 yuan / M; the volume of light spinning is generally low this week, and the 210T market quotation is slightly down at about 1.50 yuan / M; the demand of spring Asia textile series is general, the turnover is lower than that of last week, and the sales of semi elastic spring and Asian textile are relatively good; on Friday, the frequency of the shipment of satin was accelerated, and the downstream purchases were mostly used for making bedding, etc., with its bright color and smoothness. Polyester taffeta series

From the perspective of fabric, fabric turnover has dropped slightly this week, and prices are different. From the perspective of trading varieties, the demand for textile fabrics such as spring Asia spinning and NIS spinning has decreased obviously, and the pressure of individual manufacturers has begun to increase. Therefore, the price of their products has been reduced by 0.10 yuan per meter, which has promoted sales. For example, the price of 300T nears spinning is about 4.40 yuan / meter. The sales pressure of simulated silk fabrics still exists, except for the goods such as crepe de crepe and so on, and the other varieties are in the off-season. The fabric of peach skin is affected by the slow purchasing of downstream, and the turnover rate slows down. Clothes & Accessories Or home textile products; polyester filament Oxford cloth prices are temporarily stable; rayon tussah is selling smoothly this week, and downstream purchases are mostly used for making women. shirt Or trousers, the price is moderate; in addition, polyester / nylon composite yarn fabrics are well sold in the market. The fabric is made of 50D * 50D nylon polyester composite yarn and weave on the water jet loom with plain weave and twill weave. Grey cloth is dyed by dyeing plant and feels soft. At present, the wholesale price of the finished fabric in Shengze area is 16 yuan / M ~ 17 yuan / m, and there is an endless stream of goods.

　　 loom At present, the starting rate of air-jet looms and water looms in Shengze is about 8. In terms of inventory, the market's conventional fabric sales are blocked, and the market stealth inventory has the trend of magnification. There are about 29 days in the grey fabric weaving Market on the market now, because individual manufacturers have reduced the start-up rate due to the pressure of funds and inventory, so the inventory has not changed much.

Two, judging from the market of raw materials.

This week Chemical fiber Price index weakened consolidation, closing at 95.27 points, compared with last weekend, down 0.01 points. There was no major change in the news on the periphery this week. The polyester market was approaching the end of the month, and the overall price remained stable. This week, the international crude oil was affected by the adverse factors such as inventory, and fell slightly. As of the morning of 24, New York crude oil futures closed at 94.25 U.S. dollars / barrel in July, down 1.77 US dollars / barrel compared with May 17th, and the weekly decline was 1.84%.

This week, the price of PX is down, mainly due to the fall in oil prices and the weakness of futures. Besides, the hidden danger of PX's high inventory also makes the market confidence slightly inadequate. Asian PX prices dropped slowly from $1400 to $1370 this week, dropping nearly $30 a tonne a week. The trend of PTA is relatively strong. The centre of gravity of the internal market basically spreads around 7750 yuan / ton to 7800 yuan / ton, and the external market is also hovering around 1050 dollars / ton, mainly due to partial support from the monthly closing, so the market has little change. MEG this week, the range of fluctuations has also been reduced, the internal panel talks on the 7400 yuan / ton up and down.

Under the support of monthly knots, polyester raw materials are generally stable, laying the keynote for polyester products this week. This week, the center of gravity of polyester semi gloss chips in Jiangsu and Zhejiang provinces basically stabilized at 9550 yuan / ton to 9600 yuan / ton. After the settlement price came out, the slicing market's local highs had been lowered, and the market downturn remained unchanged. Polyester polyester price this week is stable and small move. At present, the price of light FDY 50D/24F in Shengze market is 12600 yuan / ton, the price is basically stable.

From the polyester production and marketing situation, this week polyester products production and marketing slightly different, polyester chip production and sales are mostly not high, and mostly for the contract goods, the mainstream business production and sales are mostly only 5~7 percent, low about 3~5 percent, the market waits for the settlement price more, procurement is more cautious. Polyester polyester production and marketing this week is more stable, the production and sales of mainstream chips can basically be flat or slightly better.

Three, from cocoon silk market situation

Market this week Silk price Index 102.21 points, 0.02 points lower than last week, the index from February this year before and after the new year, there is no big market. This week, because of the rebound of raw silk material, the price of silk rose.

The export volume of foreign trade has declined compared with the same period last year. But according to statistics, raw silk export and silk and silk export have increased to varying degrees in 1~3 this year. At present, B class silk has been close to 370 thousand yuan / ton, class a silk is placed on top, more than 390 thousand yuan / ton. The export of raw materials has not been reduced throughout the whole year, while domestic sales have increased. The price of cocoon silk is upward, but the kinetic energy is not enough. Sharp rise in the market this week began to brake, the main contract in the vicinity of 375 thousand yuan up and down the whole. It is hard to say whether the market is going to go down, or the market is going to be steady. The game between the two sides is fierce. But the underlying trend of market trend is the basic situation of spot trend and fundamentals. The surface of raw silk is mixed. The rise in the previous market was mainly due to the active stage of export orders, the better liquidity of raw silk, and the rebound in prices. It is understood that the export situation is still relatively good. But from a historical perspective, export orders are hard to maintain. This brings a greater risk to the continued rise of the market.

At present, the purchase price of Guangxi spring cocoon is high, cocoon basically exceeds 360 thousand yuan, and even has nearly 370 thousand yuan cocoon. The silk reeling company loses 10000 yuan for every ton of silk produced. According to this reasoning, such a high cocoon support, the raw silk market has almost no room for further decline.