After the festival, viscose staple fiber quotation was chaotic, bullish mood was strong, and some manufacturers closed their plates. According to the price monitoring of the business club, as of October 9, 2021, the domestic ex factory quotation of 1.2D * 38mm viscose staple fiber was 12680 yuan / ton, an increase of 440 yuan / ton, or 3.6%.

Since late September, under the influence of double control, the operating rate of viscose staple fiber manufacturers has decreased significantly, less than 60% before the festival, which may fall to the lowest level since 2013. As the policy direction is not clear, downstream people may have a stock mentality of “buying up but not buying down”, and their willingness to purchase has increased. The load is reduced and the downstream procurement is superimposed, the de stocking process of viscose staple fiber is accelerated, and the spot inventory is in a tight state.

During the national day, the overall load rate of the industry was weak. After the festival, the quotation of viscose staple fiber was chaotic. Some manufacturers reported 14000-14700 yuan / ton of viscose staple fiber (1.2D * 38mm), an increase of about 2000 yuan / ton compared with that before the festival. The quotation was high, or it could boost the market. Some manufacturers do not offer external prices for the time being. They are mainly on the sidelines in the future and have a strong bullish mood. Due to the tight supply of some raw materials, there is a local shortage of auxiliary materials, which has become a short board in production, and the willingness of viscose to purchase pulp is under pressure.

In terms of transaction, the upstream and downstream are mainly on the sidelines, with sporadic transactions, light trading atmosphere and no improvement trend.

Downstream cotton yarn Market

Or under the expected impact of the rise of viscose staple fiber, the price of cotton yarn after the festival rises sharply, and the manufacturer may have a certain willingness to support the price. According to the price monitoring of the business society, as of October 9, 2021, the average ex factory price of human cotton yarn (30s, ring spinning, first-class products) was 19000 yuan / ton, an increase of 2000 yuan / ton, or 11.7%. There may be stock mood in the downstream of the terminal, and the trading atmosphere may be improving, but the overall market atmosphere is relatively light, and most of them hold a wait-and-see attitude.

Future forecast

Under the continuous “double control”, the load of the chemical fiber plant may continue to be under pressure. At the same time, due to the tight supply, the price of raw materials and the reduction of operating rate after the festival, some manufacturers raised the price, some manufacturers continued to close the plate, and the price of viscose staple fiber was bullish. Under the situation of double reduction of supply and demand, the mentality of “buy up but not buy down” may ferment in all links or raise prices. Business analysts expect viscose staple fiber prices to pick up in the short term, and we still need to pay attention to policy changes in the future.