August is already halfway through, and the off-season atmosphere in the textile market continues in the yarn and downstream markets. Last week (August 12-18), the viscose staple fiber market remained stable, with little price change. The market for raw material dissolution pulp remains stable, with cost support remaining. The demand in the end market is still light, and yarn manufacturers are following up on demand. The demand side performance is average, and the speed of on-site shipment is average. Many operators adopt a cautious and wait-and-see attitude.
Price trend of viscose staple fiber
According to the Commodity Market Analysis System of Shengyi Society, the price of adhesive short fibers remained stable last week (August 12-18). As of August 18th, the domestic factory price for 1.2D * 38mm adhesive short fiber is 13500 yuan/ton, which is the same as the previous week’s price. Compared to the beginning of the year, the price of 12900 yuan/ton has increased by 4.65%.
Cost side support still exists
The upstream raw material end main material dissolution slurry market is strong and stable. As of now, the price of domestic dissolution slurry is around 7800 yuan/ton, the price of external broad-leaved slurry is around 960 US dollars/ton, and the price of coniferous slurry is around 1040 US dollars/ton. The prices of auxiliary materials in the market have fluctuated, with prices in the upstream main raw material dissolution slurry market and sulfuric acid market remaining firm and stable. The liquid alkali market has experienced a narrow decline, while the adhesive short fiber market still has support.
Low inventory, still available supply
The pre maintenance equipment of the adhesive short fiber market has resumed normal operation, and most manufacturers’ equipment is running stably. The on-site operating rate is at a high level, and the current daily operating rate of the industry is around 83.72%. However, with the gradual delivery of orders from manufacturers in the early stage, the tight supply on site has been alleviated, and the inventory levels of various adhesive short fiber manufacturers are still at a low level. The performance of the supply side is still acceptable.
The demand side still appears sluggish
The transaction atmosphere in the downstream cotton yarn market is flat, and prices are stagnant and consolidating. As of August 18th, the average ex factory price of human cotton yarn (30S, ring spun, first-class product) is 17375 yuan/ton. The end market is still in the off-season of demand, and downstream yarn manufacturers have insufficient new orders. The overall operating rate of the industry is not high, and most yarn factories replenish their inventory to maintain normal machine operation. The demand side performance is average, and the new round of signed orders on site will last for about a month.
Future forecast
The raw material market remains strong and stable, with continued positive support from the cost side. The market supply is at a high level, and some manufacturers have eased their supply shortages. Downstream enterprises have average purchasing power, and multidimensional demand for goods is high. It is currently the off-season for textiles, and downstream demand for adhesive short fibers is unlikely to show significant signs in the short term. There are both positive and negative factors in the market. Overall, it is expected that the adhesive short fiber market will mainly maintain stable operation in the short term, with limited price fluctuations, and the price is expected to be in the range of 13500-13600 yuan/ton.
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