According to the price monitoring of SunSirs, as of May 27, 2021, the average domestic ex-factory price of 1.2D*38mm viscose staple fiber was 14,420 yuan/ton, a decrease of 720 yuan/ton, or 4.76%, from the beginning of May; The price dropped by 1,440 yuan/ton from the beginning of April, a decrease of 9.09%. Entering April, the viscose staple fiber market is weak, the market atmosphere is light, and factory inventories are rising. Affected by the original cost of raw materials, manufacturers actively raised prices, some factories implemented monthly settlements, there were basically no new orders, and inventory began to accumulate. Throughout April, although manufacturers actively raised prices, prices continued to fall slightly. Most manufacturers said that they were currently in a state of price but no market. Entering May, manufacturers are under inventory pressure, and some manufacturers have reduced prices. After the holiday, prices have been falling, transactions have increased, and inventory pressure has eased. Throughout May, the viscose staple fiber market continued to be light, and downstream yarns were unsaleable. Spinners Inventories are high and demand for viscose is limited.
According to the survey, the price of viscose staple fiber has increased from 8,300 yuan per ton in August last year. By the beginning of the year, the price was close to 16,000 yuan per ton, and the price of viscose staple fiber had nearly doubled in more than half a year. Especially after the new year, the price has soared, from 12,900/ton in early February to 15,800/ton, an increase of 22.5%. However, since March, the price has gradually stabilized, and the manufacturer’s quotation is basically around 16,000 yuan/ton. Since April, the market has been weak, transactions have been light, and prices have continued to fall slightly. 1.2D*38mm viscose staple fiber has gone from 15,840 yuan/ton at the beginning of April to 15,140 yuan/ton at the end of April, and then to 14,420 yuan/ton on May 27. Yuan/ton, a decrease of 9.09%.
It is reported that starting from the beginning of April, a large high-end factory in the north has arranged rotational maintenance of its production lines due to the tight supply of raw materials. Among them, the output of special spunlace non-woven fibers has been reduced by 35%. Textile fiber, reduce production by 20%. The viscose staple fiber market sentiment is light, domestic demand is average, and exports are not optimistic. Viscose filament trading has become subdued, factory inventories have increased, and prices have loosened. The epidemic has a greater impact on exports to India, and market participants are pessimistic about the market outlook. After May Day, viscose staple fiber continues to be weak. Downstream yarn is unsaleable. Spinner mill inventories are high, and the demand for viscose is limited. Factories carried out price reduction promotions, transactions increased, and inventory pressure eased.
Upstream cotton linters and wood pulp prices
Since April, cotton linters have been supported by costs, the price has been strong and upward, and the trading volume has been small. The price is still high, but the market transaction performance is light. The current price of long velvet in Shandong is 4700-4800 yuan/ton. Entering May, the price of cotton linters continued to rise due to the increase in raw materials, and the trading volume was low. The price of long velvet in Shandong was 5,500-5,600 yuan/ton.
According to SunSirs data monitoring: the spot price of wood pulp fell slightly after the May Day holiday, but then rebounded. The average market price of softwood pulp in Shandong on May 27 was 6,700 yuan/ton, which was 600 yuan lower than the average market price of softwood pulp in Shandong at the beginning of the month (the average market price of softwood pulp on May 1 was 7,312.5 yuan/ton). /Ton. The average market price of hardwood pulp in Shandong on May 7 was 5,200 yuan/ton, which was 50% lower than the average market price of hardwood pulp in Shandong at the beginning of the month (the average market price of hardwood pulp on May 1 was 5,250 yuan/ton). Yuan/ton, down 0.95%.
Hardwood pulp and softwood pulp price trend chart
Downstreamers Cotton yarn market:
The sales of yarn mills are poor, the volume and price of rayon yarn have fallen, and factory inventories continue to increase. According to the price monitoring of SunSirs, as of May 27, the average ex-factory price of rayon yarn (30S, ring spinning) in Shandong was 18,200 yuan/ton, which was about 1,400 yuan/ton lower than the price in early April, a decrease of 7.13%. In April, the rayon yarn market failed to maintain the stability of March. Prices continued to fall, the market conditions were weak, transactions were light, and some companies showed signs of making profits; entering May, the weak operation in April continued, with weak market demand and declining trends. If there is no change, rayon yarn will be weak and fall. The downstream purchase willingness of rayon cotton has declined, and most of them mainly consume inventory. Market confidence is insufficient, buyers are not willing to purchase, and rayon yarn continues to be weak.
Inventory of finished rayon yarn: The ending inventory days of rayon yarn in the first quarter of 2021 reached 12.2 days. The inventory is still growing, and the current inventory level has exceeded the level of the same period last year.
The operating rate of rayon yarn industry: The operating rate of rayon yarn at the end of the first quarter was 85%. There was the May Day holiday in the second quarter. The market demand was weak and the cost of viscose staple fiber in the upstream was high. Under the premise, the rayon yarn industry may start to decline passively.
The orders for viscose staple fiber held by rayon yarn have decreased: Although the number of days of orders for viscose staple fiber held by rayon yarn is higher than the same period last year, it is currently showing a gradual downward trend. According to this rhythm , it is expected that there will be a certain rigid stocking demand for viscose staple fiber in the market before and after May Day.
Forecast of the market outlook
In early May, viscose staple fiber factory Price reduction promotions have been carried out, transactions have increased, and inventory pressure has eased slightly. With raw material prices remaining high and downstream demand sluggish, viscose staple fiber is expected to run weakly in the future, and prices are easy to fall but difficult to rise. Downstream rayon yarn market is weak, viscose staple fiberWithout demand support, market participants are pessimistic, the trend of viscose staple fiber will weaken, and the bearish expectations remain unchanged. </p
