This week (October 23-27), the market for viscose staple fibers was flat, prices remained stable, and factory orders were mainly shipped. The yarn factory carefully purchased according to needs, and new orders were sold lightly. The upstream raw material acid and alkali prices have slightly decreased, with slight signs of overall loosening. We are waiting for a new round of prices to be introduced. Downstream people’s cotton yarn is relatively light, with a strong wait-and-see attitude. There are not many orders, and the focus of local negotiations has slightly declined. Inventory pressure has increased slightly, and the enthusiasm for raw material procurement is low. Inventory is mainly consumed.

According to the Commodity Market Analysis System of Business Society, the price of viscose staple fiber remained stable this week (October 23-27). As of October 27, the domestic factory quotation for 1.2D * 38mm viscose staple fiber was 13600 yuan/ton, which is the same as last week’s price.

In terms of cost: This week (October 23-27), the price of raw material dissolved pulp remained stable at a high level. Hunan and Shandong manufacturers produce broadleaf dissolved pulp, with domestic dissolved pulp priced around 7500-7600 yuan/ton, imported broadleaf dissolved pulp priced around 880 dollars/ton, and needle leaf dissolved pulp priced around 890-900 dollars/ton. Currently, some negotiations are underway. The acid and alkali prices have slightly declined and have not yet been transmitted to the viscose staple fibers, but there are slight signs of looseness overall.

Supply demand: The operating rate of the viscose staple fiber industry is basically maintained, the enthusiasm for raw material procurement is low, and the inventory pressure of manufacturers is slightly increasing. The human cotton yarn factory mainly consumes inventory, and the enthusiasm for replenishment is currently not high. The human cotton yarn is relatively flat, and there are not many new orders that just need to be restocked. The overall demand is average.

Downstream cotton yarn market

This week (October 23-27), the price center of viscose remained flat, and the cost support for human cotton yarn was strong. However, demand was light, and the yarn factory maintained a cautious wait-and-see approach, with a slight decline in the focus of local negotiations. As of October 27th, the average ex factory price of human cotton yarn (30S, ring spun, first class) was 17600 yuan/ton, a decrease of 50 yuan/ton compared to last week’s price. There are not many new orders that just need to be restocked, and the overall shipment is average. The demand from downstream weaving manufacturers is still relatively flat, and the improvement is not significant.

Future Market Forecast

The price of raw material dissolved pulp remains stable at a high level, but the acid and alkali prices have slightly declined, and cost support has declined. We are waiting for a new round of prices to be introduced. The market procurement enthusiasm is not high, and downstream demand performance is mediocre. Analysts from Business Society expect the market for viscose staple fibers and rayon yarn to remain stable in the short term, with prices likely to decline slightly.