SunSirs: Supply of Autumn Fabrics Shrinks Month-on-Month, Rayon Yarn Market will Fluctuate Slightly

As of August 24, the price of rayon yarn was basically stable, with a slight drop in some parts. The price of 30s rayon yarn was 17,900 yuan/ton, down 100 yuan/ton from last week's price, a drop of nearly 0.55%. Recently, the actual market in the middle and lower reaches of the market is not Ideally, there is not much breakthrough in demand, and the basic inventory of viscose staple fiber manufacturers is widespread, lacking in confidence, and most of them rely on shipments. The price of rayon yarn has fallen steadily and slightly. Some spinning mills have switched to production due to losses, and the supply of rayon yarn has been relatively affected. The market sales volume is basically flat, and confidence is basically not high.

From the upstream perspective of the commodity, since July 2021, after a short period of price retracement of viscose staple fiber, as downstream demand has improved significantly, the price of viscose staple fiber has restarted a strong upward channel. As the demand for viscose staple fiber grows, even if the operating rate of the viscose staple fiber industry rises to a high level, the supply of viscose staple fiber is still tight, and viscose staple fiber may maintain a tight balance between supply and demand, and prices are expected to continue to rise sharply.

The rayon yarn commodity index on August 23 was 87.32, the same as yesterday. It was 19.98% lower than the highest point in the cycle at 109.12 points (2017-03-12), and 36.99% higher than the lowest point of 63.74 points on September 10, 2020. (Note: Period refers to 2012-09-30 to present)

The overall textile market is expected to fluctuate slightly. Due to the partial decline in downstream demand, the market trend is partially insufficient. The supply of autumn fabrics has shrunk from the previous month, the spot sales of autumn fabrics have declined slightly, and the batch trial orders for early winter fabrics have partially shrunk. The subscription enthusiasm of North and South merchants will fluctuate slightly, and the market trend will partially shrink. In the future, cotton yarn will gradually decline slightly. The overall market transaction will show a trend of volatility and a small decline.

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