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Marketing of Spring Market of China Textile City Continues to Rise Slightly

date:2021-03-15 author:

 

FC Index of Keqiao’s textile on March 15th was 107.27, up 0.15% from the prior week, up 2.7% compared with the beginning of 2021, and up 2.51% compared with the same period last year.

Marketing of spring market of China Textile City continues to rise slightly recently. Amount price of raw material market rises obviously, amount price of grey cloth market falls obviously, amount price of garment fabric market’s cloth rises slightly, transaction amount price of home textile products falls slightly, and the price of accessories rises slightly.

Firstly, raw material market rises obviously. The price of polyester fabric rises obviously and the price of 100%cotton yarn is stable.

 FC Index of raw material is 88.49 this week, up 1.03% from the prior week, up 10.47% compared with the beginning of 2021 and up 9.29% compared with the same period last year.

1.       Polyester market sometimes rises and sometimes falls and the price of polyester rises slightly.

FC Index of polyester raw material rises slightly this week. PTA stocks in East China are mainly 4395 yuan/ton, 75-125 yuan/ton lower than last week. MEG is mainly 5580 yuan/ ton, 490—530 yuan/ ton lower than last week; Market quote of polyester chip rises slightly. Cash or acceptance of March of Semi-gloss slice in Jiangsu and Zhejiang is about 6500 yuan/ton, about 50 yuan/ton higher than last week. As the price of international oil falls, the price rise of PX and polyester chips slows and the price of PTA and MEG falls. The price of polyester filament in Xiaoshan and Shaoxing rises slightly. The quote of POY is 7935 yuan/ton, 80—135 yuan/ton higher than last week. The quote of FDY is 9100 yuan/ton, about 200 yuan/ton higher than last week. The quote of DTY is 9500 yuan/ton, about 150 yuan/ton higher than last week.

The price of polyester fiber falls compared with last week. The price of 1.4D×38MM direct spinning polyester fiber in Jiangsu and Zhejiang is mainly 7450 yuan/ ton, 200—275 yuan/ton lower than last week.The price of 1.4D polyester fiber falls compared with last week. As the price of international crude oil is not stable, upstream polyester raw material market falls on the whole and market of polyester fiber futures continues to fall. Market quote of 100% polyester yarn falls compared with last week. 32S 100%polyester yarn is about 13110 yuan/ton, about 240 yuan/ton lower than last week. 45S 100%polyester yarn is about 14200 yuan/ton, 25—200 yuan/ton lower than last week. As the price of raw material fiber falls, market players hold little confidence in the market of 100%polyester yarn and they think the transaction price will fall. Goods are mainly shipped by factories. Though some 100%polyester yarn factories don’t have enough stocks, they have prepared goods before the Spring Festival and the price rises after the Spring Festival rapidly, so they mainly sell their earlier goods and take a very cautious approach. Market players opt for the “wait and see” approach.

2.       The price rise of 100%cotton yarn falls , and the price of rayon yarn is stable compared with last week.

Market quote of 100%cotton yarn in Xiaoshan and Shaoxing sometimes rises and sometimes falls. The price of rotor spinning 10S 100%cotton yarn is 14380 yuan/ton, which is about 5 yuan/ton higher than last week. The price of carded 32S 100% cotton yarn is 25830 yuan/ton, about 20 yuan/ton lower than last week. The price of combed 40S 100%cotton yarn is 29540 yuan/ton, about 60 yuan/ton lower than last week. Market players opt for the “wait and see” approach, shipments are not abundant and the quote is mainly stable. The price rises sharply after the Spring Festival and costs go up obviously, downstream export and import markets follow slowly so they are hesitant when there are orders.

The raw material price of viscose staple fiber is stable compared with last week. The price of 1.5D×38mm viscose staple fiber is about 15750 yuan/ton which is stable compared with last week. The price of 1.5D viscose staple fiber is stable compared with last week. Market price of viscose staple fiber is stable, and manufacturers ‘quote is stable compared with last week. The price of rayon yarn is stable. The quote of 30S rayon yarn is about 19,600 yuan/ton, which is the same as last week. The quote of 40S rayon yarn is about 20800 yuan/ton, which is the same as last week. Shipments are not abundant. Downstream export and import markets are hesitant when there are orders. Rayon yarn factories and merchants have prepared goods before the Spring Festival and they ship stocks to avoid risk. Market players hold little confidence in the aftermarket and opt for the “wait and see” approach.

Secondly, grey cloth market falls compared with last week and FC Index falls obviously

FC Index of grey cloth is 119.10 this week, down 1.20% from the prior week, the same as the beginning of 2021 and up 0.61% compared with the same period last year.

FC Index of grey cloth falls obviously this week. The price of upstream raw material rises sharply and the price of terminal grey cloth rises slightly, so the profits fall. The earlier rise may not be true, and orders are few. Marketing falls compared with last week. Orders of grey cloth fall compared with last week. The price of grey cloth falls significantly. The market of blend fiber grey cloth falls obviously, and its FC Index is falling obviously. Orders and shipments of chemical fiber grey cloth fall and its FC Index falls, so total FC Index of gray cloth falls significantly.

Thirdly, the price rise of garment fabric slows sequentially, and FC Index rises slightly

FC Index of garment fabric is 116.88 this week, up 0.21% from the prior week, up 0.12% from the beginning of 2021 and down 0.02% compared with the same period last year.

FC Index of garment fabric rises slightly this week. The sales of garment fabric of China Textile City’s fabric market have risen day by day. Market transaction of new style fabric increases slightly and its amount price rises slightly. Delivery of spring garment fabric and orders of summer fabric rise compared with last week, and the price rises, too. Transaction amount price of 100% cotton fabric, polyester fabric, polyester brocade fabric, viscose fabric, viscose wool fabric and hemp viscose fabric rises, so total FC Index of garment fabric rises slightly.

Fourthly, home textile market continues to decrease, and FC Index decreases slightly

FC Index of home textile is 101.65 this week, down 0.24% from the prior week, down 0.36% from the beginning of 2021 and up 0.33% compared with the same period last year.

FC Index of home textile decreases slightly this week. The sales of home textile market of China Textile City fall compared with last week and the price falls sequentially. Transactions and orders of stock fabric with common color and patterns and cheap fabric decrease slightly compared with last week. Transactions of common fabric are not plentiful. Transactions and orders of curtains continue to decrease, and FC Index decreases slightly, so total FC Index of home textile drops slightly.

Fifth, accessories market rises sequentially, and FC Index rises slightly compared with last week.

FC Index of accessories is 131.51 this week, up 0.87% from the prior week, up 0.41% from the beginning of 2021 and up 0.64% compared with the same period last year.

FC Index of accessories rises slightly this week. The market of garment accessories of China Textile City’s traditional market rises slightly.

As stocks of downstream enterprises increase slightly day by day and market transactions rise slightly, transactions and orders rise slightly and the price rises slightly. Market of lining fabric rises obviously and its FC Index rises, too. Market of belts rises slightly compared with last week and its FC Index rises, too. Market of lace rises slightly compared with last week and its FC Index rises, too. So total FC Index of accessories rises slightly compared with last week.

Sixthly, the forecast of FC Index of aftermarket.

The whole market of China Textile City is expected to rise slightly. More and more textile enterprises resume producement and domestic textile and garment clusters are open which mean that domestic market demand increases. The supply of spring fabric will continue to increase, and transactions and orders of stocks will increase, too. Bulk orders of summer fabric will increase locally, the rate of using machines of weaving enterprises will continue to increase, and the output of printing and dyeing enterprises will continue to grow. It is expected that the purchase of innovative and creative products will increase slightly compared with last week. The transaction of the overall market will rise day by day.

Top 10 of rising

Top 10 of decreasing

1、other chemical fiber

12.90%

1、blended fiber grey cloth

-4.14%

2、garment lining

3.24%

2、thread ropes

-3.95%

3、Viscose wool fabric

2.34%

3、polyester cotton fabric

-2.35%

4、linen viscose fabric

1.16%

4、shirt lining fabric

-1.86%

5、polyester fabric

1.10%

5、polyester viscose fabric

-1.05 %

6、polyester brocade fabric

1.09%

6、curtains

-0.87%

7、viscose fabric

       0.89%

7、polyester wool fabric

-0.83%

8、belts

0.81%

8、chemical fiber grey cloth

     -0.39%

9、beddings

0.50%

9、blended fabric

-0.38%

10、viscose

0.50%

10、100%cotton fabric

     -0.38%

Issued by: Ministry of Commerce, PRC

Prepared by: Construction Management Committee of China Textile City

Compilation Office of “Keqiao, China Textile Index"

Chinese sitehttp://www.kqindex.cn/

English sitehttp://en.kqindex.cn/

Phone0575-84125158     Contact personWei Yinan

Fax0575-84785651