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SunSirs: The Price of Viscose Staple Fiber Rose Slightly, But the Rising Power Is Insufficient in the Later Period
February 08 2023 11:15:06SunSirs(John)

Price trend

According to the price monitoring of SunSirs, the price of viscose staple fiber rose slightly last week (January 30 - February 5, 2023). As of February 5, 2023, the ex-factory price of 1.2D * 38mm viscose staple fiber in China was 13,260 RMB/ton; The price was 40 RMB/ton higher than last week.

The price of rayon yarn rose slightly, with the average ex-factory price of 17,633 RMB/ton as of February 5, 2023 (30S, ring spinning, first class), up 167 RMB/ton from last week's price.

Analysis review

Last week (January 30-February 5, 2023), after the return of the Spring Festival holiday, the price trend of viscose staple fiber was relatively strong, and the overall price rose slightly. The spot resources in circulation on the market were tight, and the finished goods inventory of the downstream rayon yarn and grey cloth enterprises was low. The viscose staple fiber market took the opportunity to push up the delivery price. However, from the perspective of market transactions, although the downstream enterprises had returned to the market and resumed work, the raw material inventory of rayon yarn enterprises was relatively abundant. Under the wait-and-see mood, the enthusiasm of market entry operation was not high. Only some enterprises with a small amount of inventory just purchased in needed on the market, and the market atmosphere for new orders was general.

After the Spring Festival, the downstream rayon yarn turnover was light, but under the cost support and good expectations, the price center also moved up slightly. After the Spring Festival, the staff gradually returned to work, and the overall operating rate of rayon yarn rose to about 50%. Most of the downstream grey fabric enterprises did not stock up before the year, so the enthusiasm of entering the market for replenishment was fair.

Market outlook

In the later stage, the starting load of some viscose staple fiber enterprises will increase, the market supply tension will ease, the downstream rayon yarn market and the terminal grey fabric market will speed up the pace of resumption of work, and the market start-up situation may be significantly improved. However, at present, the raw material inventory of yarn enterprises is relatively abundant, and the market trading atmosphere is difficult to be significantly improved. Therefore, the analysts of SunSirs predict that the price of viscose staple fiber and rayon yarn will not have enough power to rise again, and may stabilize temporarily.

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