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SunSirs: After the Festival, the Price of Viscose Staple Fiber Continued to Decline Slightly
October 17 2022 10:59:24SunSirs(John)

Price trend

According to the price monitoring of SunSirs, as of October 14, 2022, the ex factory quotation of 1.2D * 38mm viscose staple fiber in China was 13,760 RMB/ton, a decrease of 80 RMB/ton, or 0.58%, compared with the price before the festival.

The price of rayon yarn remained stable. As of October 14, 2022 (30S, ring spinning, first class), the average ex factory price was 18,166 RMB/ton, which was the same as the price before the festival.

Analysis review

After the National Day holiday, domestic viscose staple fiber continued to operate in a weak position, and the overall price fell slightly. After the festival, some manufacturers released their offers and raised the price of viscose staple fiber by 200 RMB/ton. However, the trading of new orders at the terminal was light, the enthusiasm of downstream spinning to catch up was insufficient, the overall transaction was not followed up effectively, the negotiated price was still basically maintained, and the wait-and-see mood was heavy. On the 13th, the price of viscose staple fiber fell back, and the overall price fell slightly. The operating rate of viscose staple fiber industry was maintained at about 60%, and the overall low operating rate may continue under the loss operation of manufacturers. Rayon yarn continued its weak trend, the long holiday was basically over, some enterprises that stopped work during the festival resumed work in succession, and the commencement of work gradually recovered to the pre festival level, with prices generally stable.

The operating rate of viscose staple fiber industry was maintained at about 60%, and the overall low operating rate may continue under the loss operation of manufacturers. In addition, the operating rate of downstream products, rayon yarn, decreased. Recently, most viscose staple fiber factories had no intention to significantly increase the operating rate, and the overall supply pressure of the industry was general. The downstream still maintained the level of just in demand procurement, and the inventory of finished products of cotton yarn enterprises rose by a narrow margin. The downstream orders of rayon yarn were not as expected, the terminal demand showed no signs of improvement, the willingness to take goods was not high in the short term, and the demand side continued to operate weakly.

Market outlook

R In terms of demand, the weak market situation is difficult to ease, and enterprise operations still focus on priority shipping; The inventory transfer of viscose staple fiber and rayon yarn was blocked, and the market was pessimistic. Analysts from SunSirs predicted that the industrial chain of viscose staple fiber and rayon yarn would continue to operate in a weak position, and the price of viscose staple fiber was easy to fall but difficult to rise. nd see.

If you have any questions, please fee l free to contact SunSirs with support@sunsirs.com

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