SunSirs: Summary of Chinese Viscose Staple Fiber Market in May

According to SunSirs data monitoring, as of May 27, the average Chinese ex-factory price of 1.2D * 38mm viscose staple fiber was 9,528 yuan / ton, down 100 yuan / ton from the beginning of May, a decrease of 1.04%, and a year-on-year decrease of 22.95%. Some viscose manufacturers are in the stage of suspension of production, prices have remained at a high level, they generally fell at the beginning of the month, and prices have picked up at the end of the month. The quoted prices of major mainstream manufacturers are 9,200-9,500 yuan / ton.

At the beginning of the month, after the May Day holiday, the market orders were average, the demand for cotton linters was weak, and the viscose was weakened. As the processing of most of the short-staple processing plants in Xinjiang has basically ended, the output of cotton short-staple has gradually decreased, and downstream procurement of short-staple has not been strong. Some chemical fiber factories and refined cotton factories have not yet started. A small number of middlemen have purchased to support cotton short-staple. The market is stable. Due to the increase in post-holiday freight rates and stimulating downstream orders, viscose fell by 200-300 yuan / ton in the first half of the year.

In late May, under the support of cotton oil, the price of cottonseeds increased, but the processing of cotton linters was basically over, and the cost had little effect. In some areas, chemical fiber factories and refined cotton factories have resumed production and production, and cotton linters have been purchased in small quantities, stimulating manufacturers' confidence in raising prices. At the end of the month, the price was raised by about 100 yuan / ton in some areas, and the price of cotton linters (Shandong industrial grade) was reported at 3,500-3,600 yuan / ton. At present, bulk transactions are still difficult, restricting the development of cotton linters, and the market is still mainly stable. The price of viscose in the month fluctuated between 9,200-9,800 yuan / ton, and manufacturers' orders were average.

The downstream rayon yarn is passive, and the quotation becomes lower. As of May 27, the average price of 30S ring spinning rayon yarn was reported at 14,100 yuan / ton, down 700 yuan / ton from the beginning of the month, a decrease of 4.73%. 30S rayon yarn manufacturers reported 12,800-15,500 yuan / ton, rayon yarn orders were average, the price There is downward pressure. However, the recent cost support is strong, and the price of rayon yarn remained flat at the end of the month, entering a new stable stage. It is worth noting that, since entering 2020, renmin cotton manufacturers offer almost no signs of rebound, and have been retreating to play defensive battles.

To sum up, the viscose industry chain has sufficient supply, limited order pick-up, and has been operating steadily after the decline. It is expected that the short-term market adjustment will not be strong.

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