A Decline in Sales at the End of Winter Market, A Fall in Price Index

After New Year Day's Holiday, only less than two weeks left to the market closing date for the Spring Festival, the sales on each professional market of China Textile City enter the final stage of winter market. The prices of popular spot goods keep falling slightly, the spot goods of some winter heavy fabrics are mainly sold at lower and favorable prices, so the whole market continues to fall down in the trend. According to the sample-data supervision and analysis on nearly 1000 representative products, the price index of the issue 20090112 of "China·Keqiao Textile Index" closed at 91.02 points, 0.63% lower than last issue. Indicated from the first category classification: raw materials, apparel fabrics and fashion accessories dropped in different degrees in price index, dragging the general category price index to go down sharply. But grey cloths and home textile got a slight rebound in price index, relatively restraining the falling of the general category price index. In it, the price index on raw materials category closed at 79.24 points, 1.53% lower than last issue; grey cloths category closed at 96.40 points, 0.17% upper than last issue; apparel fabrics category closed at 97.15 points, drop 0.04%; home textile category closed 96.21 points, up 0.51%; fashion accessories category closed at 100.37 points, down 1.20%.

Raw Materials Sold Dull at the End of Winter Market, Price Index Slid Down
 
As Shaoxing textile companies and China Textile City trading companies receive inadequate foreign orders, only one week to the market closing date of China Textile City for celebrating the lunar new year, the rate of the downstream weaving factories continue to go down, and parts of small and medium-sized weaving factories have already spent the holiday ahead of time, thus partial sales in raw materials in China Textile City stay gloomy. The price index on viscose category closed at 74.29 points, 0.09% lower than last issue. The viscose staple market still goes weakly and softly. Since weaving factories are hard to obtain the demand for the end of the lunar year, The market mainly goes dull; The quotation of rayon yarn factories goes gently, but the sales volume still gets insufficient. The price index on other chemical fiber category closed at 72.77 points, down 0.02% compared with last issue. The whole sales in spandex still stay in its downturn, the overall spandex market adjusts itself in the relatively steady trend in a low position. Spandex manufacturing companies now keep a low inventory level after the previous phase of limiting production, reducing production or stopping production and another phase of selling products. Although parts of trading companies and distributors have the storage demand on partial hot-sale varieties at the end of the year, the sales in spandex are difficult to lift up higher on the whole market. Up to now, the downstream buyers gradually have a declining demand on product purchase. Despite of the steady trend on nylon chips market, the whole nylon filament market has a falling sale for the end of market, and some prices dropped down slightly. The quotation on acrylic goes steadily. But with a weak and soft market, the sale volume is still insufficient. The price index on cotton/ramie category closed at 92.86 points, 0.01% lower than last issue. The sales in cotton yarn tend to go weakly and softly. Though firmly supported by cotton price, the quotation on cotton yarn offered by yarn factories tends to adjust itself. As the rate of running machines continues to get lower in the downstream weaving factories, parts of factories have already spent the holiday. Due to the sales stagnancy in Xiaoshan and Shaoxing region, the daily trade goes down, yarn factories tend to sell products at low prices, the actual trading prices have a weak and soft trend on the market. With the shrinking demand from the downstream weaving factories, yarn factories reduce and stop production largely. However, market dealers and middlemen are bewildered about the future market after the Spring Festival, so they are cautious on purchasing goods with a watch-and-see attitude and few purchase products for the storage, leading to a dull sale.

Apparel Fabric Marketing Goes Differently among Various Fabrics,Product Varieties Sell Dull and Well.

As the Lunar New Year is coming, apparel fabric marketing goes differently among various fabrics, and product varieties sell dull and well. In partial cloth companies with a shop in front and a factory behind, marketing departments of manufacturing companies and large salesrooms, spring innovative apparel fabrics are still favored by target domestic customers, the spot transaction and order-sending for small quantities of different varieties increased in a certain degree, the price index on new-style fabrics climbs up slightly. In it, the price index on polyester/spandex fabrics closed at 95.65 points, up 0.42% than last issue; Fashion fabrics closed at 96.63 points, up 0.54%; polyester/wool fabrics closed at 109.41 points, up 0.19%; polyester fabrics closed at 95.00 points, up 0.04%. As the Spring Festival approaches, each small and medium-sized dealers sell the spot goods of winter fabrics at low and favorable prices for the capital withdrawal, so the price indices dropped down in different degrees. In it, the price index on polyester/nylon fabrics closed at 94.63 points, 1.51% lower than last issue; cotton fabrics closed at 106.09 points, down 0.66%; T/C fabrics closed at 93.74 points, down 0.08%.

The Demand from the Downstream factories Declines, Apparel Lining Sales Decreases

The price index on apparel linings closed at 100.31 points, 0.80% lower than last issue. As it comes to the end of the lunar year, garment factories all over the country stop the production on the whole. The total trade volume of polyester linings continue to have a downtrend. The spot prices of some varieties remain the weak and soft trend at low and favorable prices, such as 170T polyester taffeta, 190T polyester taffeta, 210T polyester taffeta, 210T poly trilobal (silk-like), shuttle five-heddle satin, shuttless five-heddle satin, shutlle eight-heddle satin, water-jet eight-heddle satin, 240T water-jet shumei satin, water-jet satin, water-jet rayon lining twill. Each large business runners commonly have the spot goods of the mainstream varieties including polyester taffeta, poly trilobal, five-heddle satin and eight-heddle satin mainly made by FDY and DTY. Owing to the Spring Festival's coming, dealers declined the delivery on credit to some old customers used to do business on credit. Although parts of large salesrooms get some large transaction paid on cash, spot prices go softly in partial areas, the sales volumes tend to fall back correspondingly compared with last issue. On polyester lining market, the spot goods of conventional products has the situation of supply exceeding demand. Some lining grey cloths have some amount of inventory. Due to the end of the lunar year, the lining trade declines, causing the rate of running machines to keep dropping in the downstream weaving factories. Parts of small and medium-size factories have already spent the holiday ahead of time. Cationic linings, rayon linings, nylon linings, T/C linings, poyester pocketing mainly made of polyester pongee and summer habutai, and T/C pocketing, cotton pocketing have a decline in sales volume, and trading prices go softly in a steady trend.

In the forecast, the whole sales volume continues to shrink. Due to the last week to the market closing date at the end of the lunar year, less buyers enter China Textile City to purchase goods. As customers leave the market for home, the whole market sales tend to slide down sharply. Dealers in each fabric market of China Textile City sell partial winter popular spot goods at low and favorable prices in order to withdraw the money. For New Year's Day close to the market closing date, according to the convention, in each professional market of China Textile City, since Jan. 16 (Lunar Date: Dec. 21), dealers get prepared before the closing date. The majority of small and medium-sized dealers are not planning to selling spot goods, mainly doing the business on the ready stock at low prices. Most small and medium dealers want to throw empty the winter spot goods on hope of withdrawing capitals to prepare for the future market after the Spring Festival; However, customers' returning home leads to the sharp shrinkage in the daily transaction volume.

source: China Textile City Construction Management Committ