This week (January 29 to February 4, 2024), adhesive short fiber manufacturers had no pressure on inventory, and their quoted prices were relatively firm. Manufacturers were reluctant to sell, resulting in a slight increase in prices. As the Spring Festival approaches, the market has a holiday atmosphere and transactions are light. The overall stability of downstream cotton yarn is relatively strong, with an overall increase in sales. The prices quoted by yarn factories have slightly increased, discounts have been slightly reduced, and the operating load has decreased. Inventory has been basically maintained.
According to the Commodity Market Analysis System of Business Society, the overall price of viscose short fibers remained stable and increased this week (January 29 to February 4, 2024). As of February 4th, the domestic factory quotation for 1.2D * 38mm adhesive short fiber is 13180 yuan/ton, an increase of 120 yuan/ton or 0.92% compared to last week.
In terms of cost: This week (January 29 to February 4, 2024), the price of raw material dissolved slurry remained stable, and cost support remained strong. The price of imported broad-leaved dissolved pulp is around 880 US dollars per ton, and the price of coniferous dissolved pulp is around 910 US dollars per ton. At present, the production of dissolved slurry in Hunan and Shandong facilities in China is priced at around 7400 yuan/ton, with a slight decrease in price. Actual orders are being negotiated.
Supply and demand: This week (January 29 to February 4, 2024), the operating rate of the adhesive short fiber industry has remained basically stable, and the overall industry load is currently around 82.8%. As the Spring Festival approaches, the market has a holiday atmosphere for trading, with light transactions and no inventory pressure on manufacturers. The human cotton yarn factory mainly consumes inventory, and the enthusiasm for replenishment has increased. The human cotton yarn is stable and relatively strong. The supply of low-priced goods in the market has slightly decreased, but the overall improvement is still limited, and market confidence is still insufficient.
Downstream cotton yarn market
From January 29 to February 4, 2024, the overall market for human cotton yarn remained stable and strong, with some yarn factories offering slightly higher prices and slightly reduced discounts. Overall shipments were average, but as the Spring Festival approached, the operating load of human cotton yarn slightly decreased to around 66%, and inventory was basically maintained. As of February 4th, the average ex factory price of human cotton yarn (30S, ring spun, first grade) was 17375 yuan/ton, an increase of 50 yuan/ton or 0.29% compared to last week.
Future Market Forecast
The price center of raw material dissolution pulp is strong, with strong cost support. Downstream cotton yarn factories are approaching the holiday period, and their enthusiasm for replenishment is not high. The trading atmosphere in the viscose short fiber market will be light. The market lacks confidence in the later stage and is bearish on the market before the Spring Festival. As the Spring Festival approaches, textile machinery manufacturers are taking a break one after another, entering a situation of price without market. Analysts from Business Society predict that the market for viscose short fibers and artificial cotton yarn will continue to stabilize and operate in the short term.
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