Last week (June 17-23), the focus of the adhesive short fiber market was relatively warm, with prices slightly increasing. Some large factories have seen an increase of 200-250 yuan/ton, and some are reluctant to sell at low prices due to restrictions on signing orders. Overall, the number of orders signed this week is relatively good. The quotation for the mid to high end market is around 13400-13600 yuan/ton, and the negotiated price is around 13300-13500 yuan/ton. The trend of raw material dissolution pulp is strong and stable, and cost support still exists. People’s cotton yarn factories are mostly following up on demand. The maintenance of viscose short fiber devices is still ongoing, and the overall inventory of manufacturers is not under significant pressure. Some enterprises are experiencing tight shipments, and the supply of viscose short fiber industry is still tight.
The price trend of viscose staple fiber
According to the commodity market analysis system of Shengyishe, the price of viscose short fibers slightly increased last week (June 17-23). As of June 23, the domestic factory quotation for 1.2D * 38mm adhesive short fiber is 13420 yuan/ton, an increase of 180 yuan/ton from the beginning of the week’s price of 13240 yuan/ton, with a weekly increase of 1.36%.
In terms of supply: In June 2024, the operating rate of the adhesive short fiber industry declined, some manufacturers underwent maintenance, and the overall market supply decreased. The inventory of various manufacturers is still at a low level, and some factories have tight shipments. There is currently no inventory pressure, and there is some positive support on the supply side.
In terms of demand: Last week, downstream people mainly executed orders in the cotton yarn market, with little price change. There is not a high willingness for inventory of raw material viscose short fibers, and there is no obvious improvement in demand. Downstream yarn factories mainly consume inventory, and the release of new orders on site is limited.
In terms of cost: Last week, the market price of raw material dissolution slurry remained strong and stable, providing support for the market. The market prices of auxiliary material liquid alkali and sulfuric acid remained stable, and the cost center remained stable. At present, the production of dissolved slurry in Hunan and Shandong facilities in China is around 7700 yuan/ton, and the price remains stable. Actual orders are negotiated.
Future Market Forecast
The upstream raw material market prices are strong and stable, with low inventory from various manufacturers and tight shipments from some factories, which provides support for the market. Downstream enterprises have average purchasing power, and the industry is currently entering a low season. Downstream cotton yarn may not have a good recovery, and the overall market sales speed is weak or continues to be stable. It is expected that there is a high probability of stable prices in the short-term adhesive short fiber market, and the market will remain stable. The price of adhesive short fiber is expected to be in the range of 13400-13500 yuan/ton.
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