Last week (September 11-17, 2023), the market for viscose staple fibers remained stable and rose, with a slight upward shift in the focus of market transactions. The main focus is on factory orders for shipment, with partial transactions of imported dissolved pulp. There is still support on the cost side, and overall inventory consumption is mainly on the wait-and-see side. The start-up rate of the viscose staple fiber industry is basically maintained, and the overall industry load has risen to around 79%. The price center of human cotton yarn is relatively stable, and the price is stable. The initial upward trend has slowed down, and the overall downstream procurement enthusiasm has slightly decreased, with inventory digestion being the main focus. The demand from downstream weaving manufacturers is still relatively flat, and the improvement is not significant.

Viscose staple fiber price trend chart

According to the Commodity Market Analysis System of Business Society, last week (September 11-17, 2023), the price of viscose staple fiber remained stable and increased. As of September 17, the domestic factory quotation for 1.2D * 38mm viscose staple fiber was 13400 yuan/ton, an increase of 60 yuan/ton compared to the previous week, with a weekly increase of 0.45%.

In terms of cost: The price of raw material dissolved pulp is stable, and manufacturers in Hunan and Shandong produce broadleaf dissolved pulp. The quotation for domestic dissolved pulp is around 7300-7400 yuan/ton. Local transactions of imported dissolved pulp occurred, with broadleaf dissolved pulp reaching around 860 US dollars per ton and coniferous dissolved pulp reaching around 870 US dollars per ton.

Supply demand: The operating rate of the viscose staple fiber industry is basically maintained, and the overall industry load has risen to around 79%. The inventory pressure of manufacturers is not high, and some manufacturers may not have enough inventory to partially limit the quantity of orders signed, and shipments may be slightly tight. The sales of ring spun human cotton yarn have not shown much improvement, while vortex spinning is relatively good. The demand from downstream weaving manufacturers is still relatively flat, and the improvement is not significant.

Downstream cotton yarn market

Chart of the price trend of human cotton yarn

Last week (September 11-17, 2023), with cost support, the price of human cotton yarn remained firm and stable. Currently, the rise in grey fabric is slightly sluggish, and transmission will take time. As of September 10th, the average ex factory price of human cotton yarn (30S, ring spun, first class) is 17650 yuan/ton, which is consistent with the previous price. The overall enthusiasm for downstream procurement has slightly decreased, with inventory digestion being the main focus. The start-up rate of the human cotton yarn industry is basically maintained at around 70%, which is basically stable.

Future Market Forecast

The textile market is currently in a traditional peak season, and the inventory of the viscose staple fiber industry is at a medium to low level, which is expected to provide a strong boost to the price of viscose staple fibers. Analysts from Business Society predict that in the short term, the overall market for viscose staple fibers and rayon yarn will be relatively strong, and prices will slightly increase.