The trend of viscose fiber and polyester filament

In the short term, the market for viscose staples has weakened. In the recent days, the downstream cotton yarn market remained stable, but the market volume was not very satisfactory. Some merchants believe that people's cotton yarn has gradually shifted from this year's sales hotspot to dull, which may cause downstream people to The attention of people's cotton yarns has declined, and once this happens, the loss of funds will inevitably lead to a continuous backlog of cotton yarn manufacturers, resulting in a weaker market.

The main factors affecting viscose staple fiber in the short term are: First, the market price of viscose staple fiber is higher than the domestic spot price of 328 cotton 8550 yuan/ton, and the spread is still relatively large. As of November 15, 328 domestic The average price of grade cotton is 13,639 yuan/ton, which is lower than the price of viscose staple fibre, which is 8561 yuan/ton; Second, the raw material market is steady and strong, such as the price of Brazilian pulp (short fiber grade) rising from 1,450 US dollars/ton in early November. By mid-November, US$1,475/tonne; Third, the downstream cotton yarn market continued its weak consolidation and the market volume declined. The main factors affecting the price of viscose staple fibers are the strength of the upstream raw material market and the fall in downstream demand. In the short term, the strengthening of upstream raw material costs will support the viscose staple fiber market to continue to stabilize.

Viscose filament companies may face losses. In mid-October, the vast majority of viscose filament production companies have issued price increase notices, and the price increase rate is 1,500 yuan/ton. However, in terms of specific implementation, each company needs to be downstream. As well as previous orders, the actual transaction price remained at the level of September. The rise in the market price of filament pulp is a slight decrease in profitability for viscose filament yarn producers. This can be seen from the gross profit margin of viscose filaments of listed companies. Assuming that the monthly output of the listed companies is unchanged (ie, based on the average annual output of the semi-annual report), the average gross profit margin of Xinxiang Chemical Fiber viscose filament yarn from January to October is about 19%; Shandong Hailong is relatively low, at about 9.13%. Jilin Chemical Fiber's gross profit rate of viscose filaments in October was reduced to 11.23% based on the 2006 annual report data.

According to the current situation, the sales of downstream manufacturers are still not improving, and the market sales pressure is relatively large. The pressure on viscose filament enterprises to raise prices is also relatively large. If the situation of upstream short-pile pulp has not changed, it is still strong and strong. Viscose filament companies may also face greater pressure, and some companies will face losses.

Pure polyester yarn continued to grow weakly in the near future, China's cotton yarn and cotton yarn market sales did not show any signs of increase, the market price performance was dull, but in all kinds of yarn, pure polyester yarn was in a contrarian fashion, the market price continued Rebound, prices have risen all the way up to 400 yuan/ton.

The increase in the price of pure polyester yarn in this round was mainly due to the increase in the price of polyester staple fiber upstream. As we all know, China's recent polyester staple fiber prices from 11,700 yuan / ton, continued to rise to the current 12,300 yuan / ton, the higher price has reached 12,400 yuan / ton, more than ten days time rose 600 yuan / ton. Driven by this, the price of pure polyester yarn immediately went up, and the growth rate was comparable. The general increase rate also reached 300-500 yuan/ton. At present, the center price of T32S pure polyester yarn market is about 15,600 yuan/ton, and the market price of pure polyester yarn for T45S weaving is 16,400 yuan/ton.

The price of pure polyester yarn increased, but the sale of pure polyester yarn in the domestic market was not good. The increase in the price of pure polyester yarn was getting smaller and smaller on November 19th. Individual manufacturers continued to rise slightly, but most of them started to maintain a firm trend. The price increase in actual transactions is also less smoothly implemented. In addition, from the market analysis, the upstream raw material-polyester staple fiber prices have recently stabilized, and there is not a small resistance to the continued rise in price of polyester staple fiber in the latter period, coupled with the poor sales of pure polyester yarn itself, the situation in the market sales situation is not optimistic Under the market outlook, the price increase will continue to be a bit underpowered.