International demand for sluggish domestic market in the doldrums
From this week Sheng index trend analysis, chemical fiber products price index issued this weekend, up 0.07 points to close at 98.01 points, chemical fiber fabrics to close at 97.18 points, slightly higher year-on-year last week, but this week the chemical fiber composite index is still showing Downward trend, closing at 99.37 points.
Weekly data from the index shows that the market this week Sheng chemical fiber products and a half weeks ago, trading volume is still a trend Di Zou, Chun Yafang in the second half of the week, Tasi Long, suede, Dita Fu, and other large market demand for products, trading slightly The pick-up driving, there was a gratifying situation of the market up, in order to cool the market would bring a little warmth, to take into account the end of the year, the major manufacturers have been in a state of semi-production, the Chinese New Year this year, workers in advance Home phenomenon has emerged, demand is expected to rise only a short-term market behavior, the latter will be the main trend is still downward shock.
Sheng enterprises in a few days ago to visit later learned that by weak international demand, domestic market in the doldrums, lack of confidence in business, cash flow difficulties, such as multi-factors, in the second half of this year, textile exports after the sharp drop in orders for the current orders are still very small . Despite the macro-policies in the country has obviously inclination to the textile and garment industry, and Premier Wen’s government work conference has repeatedly stressed the need to make greater efforts to support textile and garment industry to tide over their difficulties, however, textile enterprises in front of the economic situation is still grave and look forward to The next step to support the national introduction of specific measures. There are also many business representatives on policy hui and his ability to adjust the body to challenge, as has been released from the project, or policy toward large-scale enterprises, small and medium enterprises to benefit from space is still limited.
Weekly data from the index shows that the market this week Sheng chemical fiber products and a half weeks ago, trading volume is still a trend Di Zou, Chun Yafang in the second half of the week, Tasi Long, suede, Dita Fu, and other large market demand for products, trading slightly The pick-up driving, there was a gratifying situation of the market up, in order to cool the market would bring a little warmth, to take into account the end of the year, the major manufacturers have been in a state of semi-production, the Chinese New Year this year, workers in advance Home phenomenon has emerged, demand is expected to rise only a short-term market behavior, the latter will be the main trend is still downward shock.
Sheng enterprises in a few days ago to visit later learned that by weak international demand, domestic market in the doldrums, lack of confidence in business, cash flow difficulties, such as multi-factors, in the second half of this year, textile exports after the sharp drop in orders for the current orders are still very small . Despite the macro-policies in the country has obviously inclination to the textile and garment industry, and Premier Wen’s government work conference has repeatedly stressed the need to make greater efforts to support textile and garment industry to tide over their difficulties, however, textile enterprises in front of the economic situation is still grave and look forward to The next step to support the national introduction of specific measures. There are also many business representatives on policy hui and his ability to adjust the body to challenge, as has been released from the project, or policy toward large-scale enterprises, small and medium enterprises to benefit from space is still limited.
From the upper reaches of the sale of raw materials, to enter in 2008, due to the lower reaches of the demand slowdown, the chemical fiber industry sales growth rate of loss-making enterprises and the growth rate of loss has a significant scissors shape, “growing deficit.” By a drop in demand and the early impact of rising raw materials prices, the price of chemical fiber products have been generally close to the line costs, lower industry operating rate.
Now the bulk of textile materials prices led all the way down price of chemical fiber raw materials, chemical fiber enterprises across the country in fear orders.
Due to the lower reaches of the textile industry’s weak bargaining power, chemical fiber industry price down very difficult. As a result, the oil price collapse, because of sluggish demand, high prices of raw materials and finished goods inventory digestion cycle longer, the level of chemical fiber industry profit margins deteriorate rapidly descending into the boom phase. With the lower reaches of the market pessimism conduction level up, the overall profit of chemical fiber levels have been inevitable decline.
This weekend, polyester chip prices slightly warmer, the market turnover also rose. Thursday, the East China market in the first half slice the spot light for the transaction price of 6,000 yuan / ton in March to acceptance, cash in the general mainstream of 5900-5950 yuan / ton. Slice the spot transaction price of light in the 6050 yuan / ton to three months short, the general mainstream of cash in 5950-6000 yuan / ton. CDP slice the market price of spot transactions in 6800 yuan / ton to the acceptance of six months, compared to last week has 150-200 yuan / ton higher. However, taking into account the approaching end of the year, some of the downstream manufacturers have begun to enter the end, weaving factory will stop production of a wider range. The demand for raw materials will be reduced to low. The latter is expected to chemical fiber raw materials mainly to consolidation.
The financial crisis on the silk business, product demand and price have a great impact. Silk industry is a typical export-oriented industries, the world economic situation is highly sensitive, the consumption of silk and cocoon prices in the world economic situation is closely related to. At the same time, silk production and processing enterprises in long silk products in a drop in the price will be greater losses. September 2008 start silk trading market in the long-term contract prices, leading to October 2008, domestic cocoon, raw silk spot prices have continued to fall, the near-stagnation of trade, triggered sharp drop in orders, factory lay-off, corporate receivables, Financing difficulties, such as a chain reaction. From 2001 to 2003 by the “911” incident leading to the adjustment of the world economy, China’s silk prices have continued to decline for two years, silk market the average price of forward contracts, the biggest decline in 55%; 2003-2006 is the world’s rapid economic The development of the three-year, forward contracts cocoon average price of the largest rose 181 percent; in the 2008 September-October period of financial crisis broke out, the silk market prices fall fast from September 5, 2008 to October 30, 34 trading days, 200,903 long-term contract prices from the cocoon 60,700 yuan / ton down to 36,400 yuan / ton, or 40%, 200,903 long-term contract raw silk prices from 198,000 yuan / ton down to 135,600 Yuan / ton, a drop of 31.5 percent.