In October, the price center of viscose staple fiber market continued to fall, the terminal demand continued to be weak, the industry’s inventory pressure was high, and manufacturers had strong willingness to support prices. At the end of the month, after the introduction of the new price policy of domestic viscose manufacturers, other manufacturers also followed, and the overall market price center declined. It is difficult to improve the delivery of rayon yarn, which leads to a general enthusiasm for raw material procurement, and the delivery focuses on just needs.
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The turnover of rayon yarn in October continued to be cold. At the end of the month, the price of rayon staple fiber, an upstream raw material, fell, and the price of rayon yarn also showed a downward trend. Recently, the market still has the performance of selling goods at reduced prices. Under the condition of weak demand, it is difficult to stimulate the downstream to receive goods. The market trading atmosphere is light and difficult to change. Enterprises negotiate with each other to deliver goods. Most deals are based on rigid demand.
Price trend of viscose staple fiber
Price trend of viscose staple fiber
According to the price monitoring of the business community, the price of viscose staple fiber stabilized first and then fell in October. As of October 31, 2022, the ex factory quotation of 1.2D * 38mm viscose staple fiber in China was 13240 yuan/ton, 600 yuan/ton lower than the price at the beginning of the month, with a monthly drop of 4.34%.
The price trend of rayon yarn
Renmian Yarn Price Trend Chart
The price of human cotton yarn fell along with it. As of October 31, 2022 (30S, ring spinning, first class), the average ex factory price was 17,866 yuan/ton, showing a situation of price without market. Compared with the price at the beginning of the month, it fell nearly 300 yuan/ton, a monthly drop of 1.86%.
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Inventory and demand
The start-up rate of viscose staple fiber industry remains low, and the overall load is about 55% at present. The overall low start-up may continue under the loss making operation of the manufacturer. In terms of demand, the start-up rate of downstream cotton yarn enterprises was basically stable. Renmian still sold goods in some areas, but the actual transaction situation has not improved. The downstream still maintains the level of just in demand procurement, and the inventory of finished products of Renmian yarn enterprises has risen by a narrow margin. The downstream orders of rayon yarn were not as expected, the terminal demand showed no signs of improvement, and the willingness to take delivery of goods was not high in the short term, and the demand side continued to operate weakly.
Future market forecast
With the price adjustment at the end of this month, whether the downstream orders have improved requires further inspection by the market. It is a fact that the expectations of Jin Jiuyin Shi have fallen short. It is difficult to improve the demand of textile terminals for a while. Analysts from the business community predict that the viscose staple fiber and rayon yarn industry chain will continue to operate in a weak way, and the price may fluctuate slightly.
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