According to the price monitoring of the business association, as of May 27, 2021, the average ex factory price of 1.2D * 38mm viscose staple fiber in China was 14420 yuan / ton, down 720 yuan / ton or 4.76% from the beginning of May; Compared with the beginning of April, the price decreased by 1440 yuan / ton, or 9.09%. In April, the market of viscose staple fiber was weak, the market atmosphere was light, and the factory inventory increased. Affected by the original cost of raw materials, the manufacturers actively supported the price, some factories implemented monthly settlement, and there were basically no new orders, so the inventory began to accumulate. Throughout April, although the manufacturers actively supported the prices, the prices continued to drop slightly. Most manufacturers said that they were in a state of no market at present. In May, under the pressure of inventory, some manufacturers reduced their prices one after another. After the festival, the prices fell all the way, the volume of transactions increased, and the inventory pressure slowed down. Throughout may, the viscose staple fiber market continued to be light, the downstream yarn was unsalable, the inventory of yarn mills was high, and the demand for viscose was limited.

According to the survey, the price of viscose staple fiber has nearly doubled from 8300 yuan per ton in August last year to 16000 yuan per ton at the beginning of the year. In particular, after the year, the price soared, from 12900 / T in early February to 15800 / T, an increase of 22.5%. However, since March, the price has gradually stabilized, and the manufacturer’s quotation is about 16000 yuan / ton. Since April, the market is weak, the transaction is light, and the price has continued to drop slightly. The 1.2D * 38mm viscose staple fiber dropped by 9.09% from 15840 yuan / ton in early April to 15140 yuan / ton in late April, and then to 14420 yuan / ton on May 27.

It is reported that since the beginning of April, due to the shortage of raw material supply, the production line of a large high-end factory in the North has been arranged to be overhauled in turn, in which the output of Spunlaced non-woven fiber has been reduced by 35%, and that of textile fiber has been reduced by 20%. The market atmosphere of viscose staple fiber is light, the domestic demand is general, the export is not optimistic, the trade and investment of viscose filament is weakening, the factory inventory is increasing, the price is loose, the epidemic situation has a great impact on the export to India, and the market people are pessimistic about the future. After the May Day festival, viscose staple fiber continued to be weak, downstream yarn unsalable, yarn factory inventory high, demand for viscose is limited. The factory reduced the price to promote sales, and the volume of transactions was increased, and the inventory pressure was eased.

Cotton linter and wood pulp market in upstream

Since April, cotton staple supported by the cost, the price is firm and upward, and the trading volume is not much. The price is still high, but the market transaction performance is weak. At present, the price of Shandong Long velvet is 4700-4800 yuan / ton. In May, affected by the rise of raw materials, the price of cotton staple continued to rise, and the trading volume was less. The price of Shandong Long velvet was 5500-5600 yuan / ton.

According to the data monitoring of Business News Agency: after the May Day holiday, the spot price of wood pulp fell slightly, but then rebounded. On May 27, the average market price of softwood pulp in Shandong was 6700 yuan / ton, which was reduced by 600 yuan / ton compared with the average market price of softwood pulp in Shandong at the beginning of the month (7312.5 yuan / ton on May 1). On May 7, the average market price of hardwood pulp in Shandong was 5200 yuan / ton, which was 50 yuan / ton lower than that in early may (5250 yuan / ton on May 1), a decrease of 0.95%.

Price trend of hardwood pulp and softwood pulp

Downstream cotton yarn Market

The sales of yarn factory were poor, the quantity and price of rayon yarn fell, and the inventory of factory continued to increase. According to the price monitoring of the business association, as of May 27, the average ex factory price of rayon yarn (30s, ring spinning) in Shandong was 18200 yuan / ton, which was about 1400 yuan / ton lower than that in early April, a decrease of 7.13%. In April, the market of renmian yarn failed to maintain the stability of March, the price continued to fall, the market was weak, the transaction was light, and some enterprises showed signs of making profits; Entering may, it continued the weak operation in April, the market demand was weak, the decline did not change, and the rayon yarn was weak. Down stream purchase intention of rayon cotton decreased, mainly to consume inventory. The market confidence is insufficient, the buyer purchase intention is not strong, the human cotton yarn continues to be weak finishing.

Finished product inventory of rayon yarn: in the first quarter of 2021, the final inventory days of rayon yarn reached 12.2 days, and the inventory still showed an increasing trend. At present, the inventory level has exceeded the level of the same period of last year.

Start up rate of rayon yarn industry: in the first quarter, the end start-up rate of rayon yarn was 85%. In the second quarter, there was the May Day holiday. Under the premise of weak market demand and high upstream viscose staple fiber cost, the start-up rate of rayon yarn industry or passive decline.

Rayon staple fiber orders held by rayon yarn decreased: Although rayon staple fiber orders held by rayon yarn are higher than the same period last year, they have gradually declined. According to this rhythm, it is expected that there will be a certain rigid demand for rayon staple fiber in the market around May Day.

Future forecast

In the first ten days of May, the viscose staple fiber factory carried out price reduction and sales promotion. The transaction volume was large, and the inventory pressure slowed down slightly. In the case of high raw material prices and low downstream demand, it is expected that the viscose staple fiber will be weak in the later period, and the price is easy to fall but difficult to rise. Downstream cotton yarn market is weak, viscose staple fiber no demand support, market pessimistic, viscose staple fiber trend will be weakened, bearish expectations unchanged.