Sales in Off-season Shrank Gradually, Price Index Declined slightly

As the hot weather lasted for a long period, the subscription of target customers in all professional markets of China Textile City declined slightly, the customers in a long distances entered the market inadequately, the sales in off-season declined gradually. The marketing in summer thin fabrics appeared to be weak, small and medium-sized business households decreased the volume of thin polyester printed fabrics in the market and intended to clear the stock quickly, so the price went soft and the daily transactions continued to fall sharply. The trade in rayon fabrics declined apparently, the sales volume in printed rayon fabrics dropped down compared with that in the previous period, but innovative fabrics sold well partially, the daily sales volume in rayon fabrics still remained ahead in all major varieties. Autumn mid-heavy fabrics continued to increase in the market, the sale in home textile rebounded slightly, curtain gauzes sold well partially. Apparel linings kept falling in off-season, small and medium-sized business households got a shrinkage in business, the market continued to get weaker and softer.

 

The information was collected from 15 professional markets of China Textile City. According to the sample-data supervision and analysis on nearly 1000 representative products, the price index of 20090720 issue of "China·Keqiao Textile Index" closed at 91.19 points, down 0.19% from last issue. The first classification showed: the price indices on raw materials, grey cloths, apparel fabrics and apparel linings declined in different degree, pulling the price index of the general category to decline slightly; But the price indices on home textile rebounded slightly, relatively restraining the falling rate of general price index.

 

Polyester market became stagnant after the rise, viscose chips market went dull and soft

The price index on polyester category closed at 74.22 points, up 0.16% from last issue. On July 13, polyester raw material market kept steady, the main quotation of PTA in East China was about 7200 yuan/ton, MEG about 5600 yuan/ton; Till July 17th, the quotation of PTA was still about 7200 yuan/ton, MEG about 5300 yuan/ton; On July 13, the main quotation of semi-dull chips in Jiangsu and Zhejiang provinces was about 8700 yuan/ton in cash acceptance. Due to lack of supply, some companies raised the quotation to about 8750 yuan/ton. On the 14th, the main quotation of semi-dull chips in Jiangsu and Zhejiang provinces kept about 8700 yuan/ton in cash acceptance. On the 15th, the main quotation of semi-dull chips in Jiangsu and Zhejiang provinces was between 8700—8750 yuan/ton in Cash Acceptance, the main trading price in cash acceptance was between 8650—8700 yuan/ton; On the 16th, the main trading price of semi-dull chips in Jiangsu and Zhejiang provinces kept between 8650—8700 yuan/ton. As the international oil price climbed to  US $ 60/barrel (on the 15th, New York Crude Oil forward price of August rose US $ 2.02/barrel, closed at US $ 61.54/barrel; London Brent Crude Oil forward price of August rose US $ 2.23/barrel, closed at US $ 63.09/barrel), the price of semi-dull chips remained in consolidation in Jiangsu and Zhejiang; On the 17th, the main trading price in Jiangsu and Zhejiang was between 8600—8650 yuan/ton in cash acceptance, primarily in horizontal consolidation. On July 13, polyester filament market in Jiangsu and Zhejiang went upwards steadily, the rising rate of quotation was between 50—200 yuan/ton; On the 14th,, some polyester filament markets in Jiangsu and Zhejiang rose at the rate of 50—200 yuan/ton, FDY filament rose relatively apparently; On the 15th, part of polyester filament markets in Jiangsu and Zhejiang rose up, the whole market tended to slow down in an uptrend; On the 16th, as the production and marketing in Jiangsu and Zhejiang fell back so rapidly that the leading polyester filament factories mainly quoted the price flatly, but some popular products rose about 100—200 yuan/ton; On the 17th, the whole quotation of polyester filament kept firm, part of the quotations increased for the supplement. However, as people foresaw a dull market, the preferential measure was provided. The price index on viscose category closed at 79.56 points, down by 0.20% from last issue. From July 13 to 17, the market price of viscose chips tended to go down in the steady trend. On the 13th, the leading price was about 15550 yuan/ton, then dropped to 15400 yuan/ton till the 17th. Some factories got a slight increase in stock, the market presented a weakness. Rayon yarn market stayed weak and soft. Till July 16, in Xiaoshan and Shaoxing markets, 30S knitted rayon yarn was quoted at 19500 yuan/ton, 30S woven rayon yarn was quoted about 18000—18500 yuan/ton; Though the fall of rayon yarn market tended to slow down, the whole market still remained weak and soft, yarn factories had a rising inventory. As the demand in the down chain fell back, the marketing went dull day by day.

 

 The sales volume in viscose fabrics fell gradually, polyester fabrics continued to sell dull

The price index on viscose fabrics closed at 95.78 points, down by 0.93% from last issue. In recent markets of China Textile City, in viscose fabric category, the sales volume in printed rayon fabrics dropped down compared with that in the previous issue. Due to the hot weather, customers from each secondary market over the country reduced large-volume transactions, the demand from apparel factories declined dramatically as well. In the whole market, rayon fabrics sold less than before. In it, the transactions in rayon yarn 30×30S  66×66 rotary screen reactive rayon fabrics and rayon yarn 30S×30S  68×68 rotary screen reactive printed rayon fabrics were getting less. As target customers declined compared with that in the previous issue, the transactions in spot goods dropped slightly lower than that in the previous issue; However, innovative fabrics in original patterns partially sold well. Dark wide backing fabrics used to make middle and old-aged women's clothes were highly welcomed, light-color flower and bright-color fabrics suitable to young people were also favored by target customers. Part of fabrics in original patterns sold relatively well, some target customers continued to place large orders to larger salesrooms. Printed rayon fabrics in original patterns sold well though in the dull market, the sales volume was listed ahead in all major categories. The price index on polyester fabrics closed at 92.47 points, down by 0.10% from last issue. Analysing from the recent market of China Textile City, the whole sales volume of summer thin fabrics continued to fall compared with that in the previous issue. Some cloth companies with a shop in front and a factory behind and large salesrooms still had large orders to send, but most small and medium-sized business households got a slight decrease in sales volume, polyester summer printed fabrics shrank apparently due to the shrinkage in domestic trade. The volume of spot goods dropped down, the whole market tended to be weak. Some small and medium-sized business households mainly cleared out the stocks, so the prices can be provided lower; Part of small and medium-sized salesroom had cleared the stock and would not sell the summer spot goods on the market,they mainly attracted old customers by displaying samples on the market. Autumn polyester printed fabrics, multi-chemical fiber wool-like and warp knitted printed sheared velvet partially continued to increase in the market. Due to the hot weather, target customers withdrew from the market, causing the spot transactions and large order sending in various products declined compared with before. Thought autumn polyester fabrics sold less and had no adequate hot-sale products in the off-season, there had some spotlights for some large salesrooms still received large orders for new-style innovative fabrics placed by target old customers.

 

Home textile partially sold well in the dull market, the sales volumes in various curtain gauzes boosted up against the downtrend

 

The price index on home textile closed at 94.16 points, up by 0.38% from last issue. Although it is in off-season, home textile market with the largest trading area in China textile city partially went well in the dull situation, the sales volumes in various curtain gauzes boosted up against the downtrend; Recently, the whole curtain market had a slight slack business, but the products in target patterns were still placed at home and abroad; the daily turnover in daily-use home textile presented a shrinking tendency, daily-use home textile made by all-cotton, chemical fiber and blended fiber etc mostly sold slack. In it, the price index on curtain gauzes ended at 89.09 points, up by 0.77% from last issue. In these days, some curtain gauzes in home textile market of China textile city interacted each other, the transactions with target customers had no increase compared with that in the previous issue, some large salesrooms had a slight increase in domestic and foreign orders, which became new spotlights in the off-season sales. In special gauzes such as 20D—30D nylon/polyester and all-polyester Terylene, pearl organza, organza, snow organdy, voile, wrinkled gauzes, openwork gauzes, particularly the products in 32 shuttles, 35 shuttles, 37 shuttles were welcomed by target customers, the series of products were sold largely in the market. Some large business salesrooms went smoothly in target customers' purchase and order sending, various curtain gauzes boosted up against the trend. The price index on curtains closed at 99.52 points, up 0.05%. As the business is in off-season, the transactions in curtain fabrics appeared to be inadequate in home textile market of China textile city, some small and medium-sized business households still had a dull business; part of new-style innovative embroidered curtains, jacquard curtains and printed curtains interacted each other in different varieties, the products in 280CM width were favored by target customers, the fabrics in original patterns dominated the market, the fabrics in target patterns still had domestic and foreign orders and order sending, driving the price index to boost slightly.

 

According to the forecast, the sales volume of the whole China textile city market will continue to decline. As the hot weather continues, some target customers withdraw from the market, causing the purchase and large orders to decline further, the sales volume and range in polyester thin fabrics will shrink to some degree, so a downtrend in the turnover is expected next week. Owing to the hot weather, apparel fabrics such as rayon printed fabrics kept falling in the daily sales volume, but some reactive printed rayon fabrics interacted each other, innovative fabrics were still the main products in sales. Autumn apparel fabrics continued to increase in the market, polyester/spandex fabrics, multi-chemical fiber wool-like, T/R wool-like, all-polyester wool-like, extra-heavy polyester printed fabrics, all-cotton printed fabrics, casual cotton fabrics, anti-static cotton fabrics, conventional cotton school uniform fabrics, T/C printed fabrics, conventional T/C cotton uniform fabrics and warp knitted printed sheared velvet kept increasing in the market, however, due to lack of purchase in off-season, the whole China textile city mainly went dull, the sales volume and business range in spot goods continued to shrink day by day.

 

Top 10 Categories in Rising		Top 10 Categories in Falling
1 Polyester/Spandex Fabrics	1.56%	1 Viscose Fabrics	-0.93%
2 T/C Fabrics	1.11%	2 Daily-use Home Textile	-0.60%
3 Curtain Gauzes	0.77%	3 Fashion Fabrics	-0.53%
4 Linings	0.22%	4 Belts	-0.47%
5 Cotton Fabrics	0.19%	5 Blended	-0.26%
6 Polyester	0.16%	6 Other Chemical Fiber	-0.23%
7 Cotton/Ramie	0.14%	7 Viscose	-0.20%
8 Chemical Fiber Grey Cloths	0.11%	8 Apparel Fabrics	-0.19%
9 Curtains	0.05%	9 Blended Fiber Grey Cloths	-0.17%
10 Bedding Sets	0.05%	10 Polyester/Wool Fabrics	-0.10%

 

In this issue, the price indices on polyester/spandex fabrics, T/C fabrics, curtain gauzes, linings and cotton fabrics 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 viscose fabrics, daily-use home textile, fashion fabrics, belts and blended category ranked the first five categories in falling. The sales volumes declined in different degrees compared with last issue. The slight decrease of unit price of partial representative products was the main factor.