This week (October 21-25), the upstream raw material trend is strong, cost support is stable, adhesive short fiber shipments are stable, market prices are stable, and factories are mainly responsible for stable delivery and order execution. At present, the operating rate of the adhesive short fiber device remains stable with little change, and the supply is still acceptable. However, the inventory is low and there is no sales pressure at the moment. Downstream cotton yarn procurement is still mainly based on essential needs.

According to the Commodity Market Analysis System of Shengyi Society, as of October 25th, the domestic factory price of 1.2D * 38mm adhesive short fiber is 13820 yuan/ton, and the price remains stable.

Stable support of raw materials

This week (October 21-25), the market for the main raw material of viscose staple fiber, dissolution slurry, has been consolidating at a high level, with average cost support. Currently, domestic dissolution slurry prices are around 7800 yuan/ton. The price quotation for imported broad-leaved soluble pulp is around 960 US dollars per ton, while the price for coniferous soluble pulp remains around 1040 US dollars per ton.

Low inventory level

Most of the adhesive short fiber market devices are operating stably, with high market supply and a daily operating rate of around 85.8% in the industry. Due to the increase in downstream demand, the overall inventory level of the adhesive short fiber market continues to decline and is at a low level. Some models in the market are experiencing tight shipments, and there is still positive support from the supply side.

Demand side support is still limited

The downstream cotton yarn market has a flat trading atmosphere and stable prices. As of October 25th, the average factory price of human cotton yarn (30S, ring spun, first-class) is 17700 yuan/ton. Although the demand in the terminal market is still weak, the downstream vortex spinning market equipment continues to increase, and yarn mills are holding onto the demand for essential orders, resulting in an increase in demand for adhesive short fibers. However, the new round of orders in the market is still expected to last for about a month, with limited support from the demand side.

Future forecast

The upstream raw material market prices may continue to remain firm and stable, with tight on-site supply as the main factor. Downstream yarn factories will follow up as needed, and the market will enter a new round of order delivery period. Many adhesive short fiber manufacturers will queue up to ship, and coupled with the lack of significant improvement in the end market, it may be difficult for the demand side to improve. Therefore, it is expected that the demand side of adhesive short fiber will perform averagely in the later stage. Business analysts predict that the domestic adhesive short fiber market will maintain stable prices in the short term, with limited price fluctuations, and prices are expected to be between 13700-13900 yuan/ton.