Since the National Day holiday, the upstream main raw material for viscose staple fiber dissolution slurry market has remained strong and stable, while the auxiliary material market continues to rise in price. The cost side has performed well, and the on-site supply is tight. At the same time, downstream markets are concentrated in signing orders, and manufacturers are gradually raising prices by 100-200 yuan/ton. Market favorable factors dominate, and the price trend of viscose staple fiber market is upward.
According to the Commodity Market Analysis System of Shengyi Society, as of October 13th, the domestic ex factory price of 1.2D * 38mm adhesive short fiber was 13820 yuan/ton, an increase of 180 yuan/ton or 1.32% from the beginning of the month, and an increase of 7.13% from the beginning of the year.
Cost side support enhancement
The market price of the main raw material dissolution slurry in the upstream is firm and stable. As of now, the price of domestically produced dissolution slurry is around 7800 yuan/ton, the price of broad-leaved slurry in the external market 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 both shown an upward trend. As of now, the average price of 32% liquid caustic soda in the domestic market is 917.77 yuan/ton, an increase of 2.51% compared to the beginning of the month; The average market price of 98% sulfuric acid is 331 yuan/ton, with a price increase of 2.16% compared to the beginning of the month. Overall, the upstream main raw material dissolution slurry market has seen a narrow upward trend, while the auxiliary material sulfuric acid market and liquid alkali market have both shown an upward trend. The cost side support for the adhesive short fiber market has strengthened.
Inventory levels are declining
Most of the adhesive short fiber market devices are operating stably, with high market supply and a daily operating rate of around 85.8% in the industry. Due to the increase in downstream demand, the overall inventory level of the adhesive short fiber market continues to decline, and some models in the market are experiencing tight shipments. The supply side still has positive support.
Demand side support is still limited
The trading atmosphere in the downstream cotton yarn market is flat, with prices rising narrowly. As of October 13th, the average factory price of human cotton yarn (30S, ring spun, first-class) is 17700 yuan/ton. Although the demand in the terminal market is still weak, the downstream vortex spinning market equipment continues to increase, and yarn mills are holding onto the demand for essential orders, resulting in an increase in demand for adhesive short fibers. However, the new round of orders in the market is still expected to last for about a month, with limited support from the demand side.
Future forecast
The upstream raw material market prices may continue to show a strong trend, while the on-site supply is tight. Downstream yarn factories are following up as needed, and the market has entered a new round of order delivery period. Many adhesive short fiber manufacturers are queuing up to ship, and coupled with the lack of significant improvement in the end market, it may be difficult for the demand side to improve. Therefore, it is expected that the demand side of adhesive short fiber will perform averagely in the later stage. Business analysts predict that the domestic adhesive short fiber market will maintain stable prices in the short term, with limited price fluctuations, and prices are expected to be between 13700-13900 yuan/ton.
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