Price trend

In the first ten days of March, the supply of viscose staple fiber was strong and the demand was weak, the market was weak and stable, and the price was basically stable. According to the price monitoring of SunSirs, as of March 9, the ex-factory price of 1.2D * 38mm viscose staple fiber in China was 13,320 RMB/ton, down 40 RMB/ton from the beginning of the month (March 1).

Analysis review

Since March, the unit load of viscose staple fiber enterprises in Shandong, Xinjiang and other regions had still improved, the operating load of viscose staple fiber industry had continued to rise, and the market supply had continued to increase. Downstream rayon yarn factories were in a strong wait-and-see mood, the market transaction continued to be cold, the demand weakness was transmitted from the bottom to the top, and the trading atmosphere of rayon yarn and viscose staple fiber market was also difficult to be optimistic. However, as of the 9th, the price trend of viscose staple fiber raw material dissolved pulp was strong, and the cost side still supported, and the willingness of enterprises to reduce prices was limited.

Downstream rayon yarn market

The rayon yarn was in weak and stable operation, and the price was basically the same as that at the beginning of the month. As of March 9, 2023, the average ex-factory price of rayon yarn (30S, ring spinning, first class) was 17,666 RMB/ton.

The starting load of rayon yarn enterprises was basically stable, and the rayon yarn machines of individual enterprises were slightly increased. Most rayon yarn enterprises were still implementing the preliminary orders. There was no obvious pressure on the yarn factory inventory, and the price center was basically stable. Downstream terminal grey fabric enterprises had a poor delivery situation, prices were beginning to loosen, and weak demand was transmitted from bottom to top. There was a strong wait-and-see mood in the upstream and downstream of the market, the market focus was generally stable, waiting for the market demand recovery.

Market outlook

In the later stage, the supply of viscose staple fiber market continues to increase. In addition, some enterprises have few orders left in the early stage, and the inventory of enterprises will continue to increase. Downstream demand is difficult to increase significantly, but considering the strong trend of dissolved pulp price and the limited willingness to reduce viscose staple fiber price under the support of cost side, analysts of SunSirs predict that the price of viscose staple fiber and rayon yarn may continue to maintain stable operation in the short term, and pay attention to the downstream market demand in the later stage.

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