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SunSirs: In early August, Chinese Viscose Staple Fiber Picked up Slightly

August 21 2020 08:34:56     SunSirs (Linda)

According to SunSirs price monitoring, as of August 18, the domestic average ex-factory price of 1.2D*38mm viscose staple fiber was 8,833 yuan/ton, an increase of 133 yuan/ton from the price on August 11, an increase of 1.53%, and a year-on-year decrease of 24.26% . The price of cotton linter market is still strong, and the price of viscose staple fiber has recovered to varying degrees, with an increase of 100-500 yuan/ton, and the mainstream price is 8,600-9,000 yuan/ton.

In early August, the operating rate of cotton oil plants was at a relatively low level. There was no inventory pressure on cotton linters from manufacturers, and the price of cotton seeds remained high, which supported the prices of cotton linters. However, considering that this year's downstream market demand may not be as good as in previous years, which will drag down the cotton linters market to a certain extent, it is expected that the short-term cotton linters prices may remain stable, and the market effect caused by the upcoming textile traditional peak season may stimulate cotton linters to rise .

On August 18, the commodity price index of viscose staple fiber and rayon yarn was 93.46, which was the same as on August 17, which was 6.89% lower than the highest point in the cycle of 100.38 points (2019-07-21), and compared with January 05, 2020 The lowest point of 84.93 points increased by 10.04%. (Note: Period refers to 2019-01-01 until now)

As of August 18, the average ex-factory price of 30S rayon yarn in Shandong was 13,300 yuan/ton, a decrease of 433 yuan/ton from the price in early August, a decrease of 3.16% and a year-on-year decrease of 22.67%. Due to the sparse order, the price of rayon yarn is mostly weakened. Although the price of viscose staple fiber has risen, there are fewer orders, mostly nominal quotations. Rayon yarn returned to rationality, and high-priced Rayon yarn fell generally by 500 yuan/ton. Taking into account the possible recovery of orders for Gold, September and Silver, and the need for companies to withdraw funds, the quotations have gradually returned to the physical market. The high quotations are lowered, and the low quotations are tried to increase. The actual transaction price of rayon yarn is expected to rise.

SunSirs analysts believe that cotton linter prices are firm, viscose prices are showing signs of picking up, low-priced rayon yarns are picking up, and high-ranking ones keep their attitude low. When the traditional peak season is approaching, manufacturers have a strong attitude towards prices, and short fiber prices are expected to rise steadily in the near future.

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