In November 2024, the domestic adhesive short fiber market will maintain stable operation. During the month, the upstream main raw material dissolution slurry market remained stable, while the auxiliary material liquid alkali market rose and then fell back. The sulfuric acid market continued to rise in price, and the cost side trend was upward; In terms of supply, various manufacturers of adhesive short fibers are operating at high loads, with high on-site supply. However, the overall inventory level in the market is low, and some models are in short supply, with good support from the supply side; The peak demand season has ended, but the demand in the terminal market has not improved. The downstream yarn market has insufficient orders, and the enthusiasm for raw material procurement is not good. Therefore, we are holding onto the demand for essential goods. Overall, the price center of the upstream raw material market has slightly shifted upward, with cost support remaining. Some of the on-site sources of goods are tight, and the supply side provides some upward momentum for the market. However, downstream demand has not shown significant improvement, and under the interweaving of on-site news, the price of the adhesive short fiber market continues to remain stable.
According to the Commodity Market Analysis System of Shengyi Society, as of November 29th, the domestic ex factory price of 1.2D * 38mm adhesive short fiber was 13820 yuan/ton, which was the same as the beginning of the month and increased by 7.13% compared to the beginning of the year.
In terms of cost: the market price of the main raw material dissolution slurry is running steadily, the market price of the auxiliary material liquid alkali is declining narrowly, the market price of sulfuric acid is steadily rising, the cost center of gravity is shifting upward, and the average production cost of adhesive short fibers is increasing.
Supply demand: During the month, most of the adhesive short fiber manufacturers’ equipment has been operating stably, and the industry supply is still at a high level. In November, the operating rate of the adhesive short fiber industry was around 84.62%, but the overall inventory level on site is still low, and there is currently no inventory pressure. The downstream cotton yarn market has an average speed of shipment and prices are stagnant and consolidating. The demand in the terminal market is unlikely to improve, and yarn mills often sign orders to maintain normal machine operation, with insufficient support from the demand side.
Market forecast:
The adhesive short fiber market has a high production rate and tight delivery, and there is still demand for the dissolution slurry market. Therefore, the upstream main raw material dissolution slurry market may have strong prices, and the inventory level in the field may continue to be low; Downstream cotton yarn enterprises tend to purchase according to demand, and as we enter the end of the year, downstream yarn factories have low stocking enthusiasm, and there is a possibility of a decrease in demand for adhesive short fibers. Both positive and negative factors coexist. Business analysts predict that the domestic adhesive short fiber market price will decline narrowly next month, with a decline of around 100-300 yuan/ton.
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