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SunSirs: The Price of Viscose Staple Fiber Rose in a Narrow Range Due to the Price Adjustment of Large Factories

January 17 2023 09:21:40     SunSirs (John)

Price trend

According to the price monitoring of SunSirs, the price of viscose staple fiber rose slightly this week (January 9-13, 2023). As of January 13, 2023, the ex-factory price of 1.2D * 38mm viscose staple fiber in China was 13,040 RMB/ton; The price was 100 RMB/ton higher than last week.

The price of rayon yarn is weak and stable, and the average ex-factory price of the yarn was 17,466 RMB/ton as of January 13, 2023 (30S, ring spinning, first class), which was the same as that of last week.

Analysis review

This week (January 9-13, 2023), the market price of viscose staple fiber rose in a narrow range. After the price of a large factory rose by 200 RMB/ton on Wednesday, the prices of some manufacturers rose with the increase. The enterprise inventory was within a reasonable range, the enterprise executed the order well, and the confidence in the market after the year was boosted. However, as the Spring Festival was coming, the downstream rayon yarn manufacturers were gradually taking a holiday, the trading atmosphere on the market was light, the viscose staple fiber market had price but no buyers, and the overall change was limited.

The downstream rayon yarn price remained stable, the rayon yarn factory gradually left the market for the holiday, the demand side performance was sluggish, the rayon yarn market transaction was basically stagnant, the rayon yarn mill offer remained stable, and more were waiting for the market after the year.

In terms of supply: viscose staple fiber enterprises were not enthusiastic about starting work, and the industry's starting load rate may decline slightly towards the end of the year.

Demand: As the Spring Festival approached, the downstream rayon yarn factory left the market gradually for the holiday. The New Year's atmosphere was gradually strong, and the intra-field trading atmosphere was cold, and the demand for viscose staple fiber was low.

Market outlook

The Spring Festival is coming soon. In the middle of January, both the terminal weaving mills and the downstream yarn mills are basically closed, and there is no favorable support on the demand side; The viscose staple fiber enterprises start at a low level, and new orders are scarce, which is basically stagnant. Analysts from SunSirs expect the market price of viscose staple fiber to remain stable in the short term, and expect the market to open after the year. The market may not change significantly before the year.

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

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