This week (June 19-25, 2023), the performance of viscose staple fibers was mediocre, with manufacturers placing orders and prices basically maintaining. Despite weak demand, there was a strong wait-and-see mentality, and downstream procurement intentions were weak. Recently, except for some factories with inventory pressure, other manufacturers are relatively controllable. The price of raw material Dissolving pulp has weakened, and the overall cost support has weakened. The downstream cotton yarn trading has slowed down, and the production enthusiasm of the yarn factory is not high due to losses. The price is stable, and the overall operating load has a downward trend.

According to the Commodity Market Analysis System of Business Society, the price center of viscose staple fiber remained stable this week (June 19-25, 2023). As of June 25, the domestic factory quotation for 1.2D * 38mm viscose staple fiber was 13240 yuan/ton, which is the same as last week’s price.

Raw material market

The price center of raw material Dissolving pulp is weakening. Domestic Dissolving pulp: two manufacturers in Shandong and Hunan produce broadleaf Dissolving pulp. The price of imported Dissolving pulp has been lowered. The transaction of broad-leaved Dissolving pulp is 870-880 dollars/ton, and that of coniferous Dissolving pulp is 880 dollars/ton.

Downstream cotton yarn market

The downstream demand for human cotton yarn is light, and the shipment of yarn factories is slowing down. The market is weakening, prices are stable, and transactions are average. The pressure on product inventory is gradually increasing, and the overall operating load is showing a downward trend. Under inventory pressure in some enterprises, there is a phenomenon of price reduction and promotion. According to the Commodity Market Analysis System of the Business Society, as of June 25th, the average ex factory price of human cotton yarn (30S, ring spinning, first-class products) was 17450 yuan/ton, and the price was stable. At present, it is difficult for the demand in the textile terminal market to significantly improve, and yarn enterprises are also difficult to have a strong position. They often adjust their negotiation space based on their own shipment situation.

Future Market Forecast

The overall buying and selling atmosphere in the short-term market has limited improvement, as the new round of centralized order signing in the market ends. In the absence of significant improvement in terminal demand, the market will enter a wait-and-see adjustment period. Analysts from Business Society predict that the market for viscose staple fibers and rayon yarn will be weak and stable in the short term, with prices being mainly stable.