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SunSirs: Pre-Holiday Orders Increase, Chinese Viscose Staple Fiber Prices Rose (December 2020)
January 04 2021 10:10:13SunSirs(Linda)

According to SunSirs price monitoring, as of December 31, the domestic average ex-factory price of 1.2D*38mm viscose staple fiber was RMB 11,008/ton, which was 1.93% higher than the price in early December and 12.04% year-on-year. Due to strict environmental protection inspections, some oil and cotton plants have shut down, and the supply of cotton linters has decreased, and manufacturers have appropriately increased their quotations. The orders of downstream rayon yarn manufacturers are picking up, and the spot inventory is tight, so they need to place orders in advance.

In December, the supply of cotton linters decreased, and the production and sales of downstream chemical fiber plants and refined cotton plants increased. However, there was no sign of substantial stocking before the holiday, mainly on-demand purchases. Some quotations of cotton linters increased, and the increase was blocked. There are differences in demand in different regions, and factories have also adjusted accordingly, and the overall cotton linters are steadily bullish.

As of December 31, the average ex-factory price of 30S rayon yarn in Shandong was 15,233 yuan/ton, an increase of 400 yuan/ton from the beginning of the month, and a year-on-year decrease of 6.26%. With the increase in orders before the holiday, the quotations of rayon yarn manufacturers have all increased in different ranges. At the beginning of December, viscose was also offered a slight price cut. As the end of the year is approaching, textile orders are picking up significantly. At the same time, with the pre-holiday stocking blessing, viscose staple fiber has been rising. The short fiber offer at the end of November has already exceeded the same period last year, completing the counterattack overtaking. Some companies hold prices for shipments and have emptied their inventory. The market trading situation is good and prices are firm.

SunSirs analysts believe that the pre-holiday textile orders surged and stocking was on the agenda. Viscose and rayon yarns will make efforts at the end of the year, and textile companies have strong confidence in the orders in the first quarter, and the orders are welcome in the winter before the holiday. Although they are optimistic about the short-term sales situation, manufacturers have room for stocking, and short-term prices may rise slightly.

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