Viscose Staple Fiber Up 13% In "Silver 10" Season

According to the price monitoring of the business agency, as of October 21, the average ex factory price of 1.2D * 38mm viscose staple fiber in China was 10400 yuan / ton, up 1240 yuan / ton or 13.54% compared with the beginning of October, with a year-on-year decrease of 5.99%. In October, polyester staple fiber futures listed for several times, boosting the textile market, cotton, viscose staple fiber rose sharply in the middle of the year. More foreign textile orders are transferred to China, and the warmer orders drive the price of cotton yarn higher.

According to relevant data, the current domestic viscose staple fiber industry has a total production capacity of 5.18 million tons / year, and the operating rate is about 77%. At the same time, due to the continuous loss of the industry in the early stage, some enterprises have stopped production periodically, and the supply pressure has been alleviated. Cotton in the weather and other factors speculation under a substantial rise, and textile orders warm led to short fiber big blood back, less than two weeks up more than 1000. However, the domestic cotton price has gone too far, with an increase exceeding that of foreign cotton, and the price advantage of imported cotton is prominent. In the short term, the domestic cotton price rises and stagnates, mainly due to the correction and consolidation. The staple fiber market is more wait-and-see, and the mainstream quotation range is 10000-10500 yuan / ton.

Looking at the upstream cotton linter, the supply pressure and the benefit of raw material price rise offset. In October, polyester staple fiber rose sharply on the market, which played a supporting role for other fiber products. Lint prices rose significantly, seed cotton purchase price rose. It is understood that as of October 20, 2020, the national average price of white cotton grade 3 seed cotton is 7.24 yuan / kg, and the price of cottonseed is 2.52 yuan / kg. The purchase price of seed cotton continued to rise in October, and the cost of cotton linter should have increased. However, with the increase of supply, the procurement of downstream chemical fiber factories is limited, and the price is basically stable.

As of October 21, the average ex factory price of 30s cotton yarn in Shandong was 14233 yuan / ton, an increase of 1033 yuan / ton or 7.83% compared with the beginning of October, and a year-on-year decrease of 14.00%. In October, the price of viscose staple fiber rose sharply, and the price of man-made cotton yarn was closely followed, with no significant difference in price increase. In September, although the price of cotton yarn has a small rise, but the downstream demand is not warm, the price rise is difficult to continue. In October, foreign textile orders were transferred to China, market confidence was boosted, and prices continued to rise, but the rebound benefit may be overestimated, which is expected to cool down.

Business agency analysts believe that orders are expected to pick up, viscose staple fiber rose to this year's high, referring to the recent cotton, polyester staple fiber weak callback, viscose price rise or difficult to continue, it is expected that textile raw materials will usher in a correction period in the near future.