In June 2023, the price of viscose staple fibers remained stable and slightly decreased, and the entire industry chain was operating in a weak position. Prices fell, resulting in poor demand performance. Downstream cotton yarn factories had weak purchasing power, and bearish sentiment continued to decline. There were not many actual transactions, and the overall market was waiting for the introduction of price policies from high-end manufacturers. Except for some factories with inventory pressure, other manufacturers are relatively controllable. The price of raw material Dissolving pulp has weakened, and the overall cost support has weakened. The downstream cotton yarn trading has slowed down, and the production enthusiasm of the yarn factory is not high due to losses. The price center has slightly declined, and the overall operating load has a downward trend.

Viscose staple fiber price trend chart

According to the Commodity Market Analysis System of Business Society, the price of viscose staple fiber remained stable and slightly decreased in June. As of June 30th, the domestic factory quotation for 1.2D * 38mm viscose staple fiber was 13220 yuan/ton, a decrease of 140 yuan/ton from the beginning of the month, with a monthly decrease of 1.05%.

Raw material market

In June, the price center of raw material Dissolving pulp weakened. Domestic Dissolving pulp: two manufacturers in Shandong and Hunan produced broadleaf Dissolving pulp. The price of imported Dissolving pulp has been lowered. The transaction of broad-leaved Dissolving pulp is 870-880 dollars/ton, and that of coniferous Dissolving pulp is 880 dollars/ton.

Downstream cotton yarn market

Chart of the price trend of human cotton yarn

The downstream demand for human cotton yarn is light, and the shipment of yarn factories is slowing down, especially for ring spinning and vortex spinning. The overall negotiation space has increased, the market has weakened, prices have declined, and transactions are average. The pressure on product inventory is gradually increasing, and the overall operating load has a downward trend. Under inventory pressure in some enterprises, there is a phenomenon of price reduction and promotion. According to the Commodity Market Analysis System of Business Society, as of June 30th, the average ex factory price of human cotton yarn (30S, ring spinning, first-class products) was 17400 yuan/ton, a decrease of 166 yuan/ton compared to the beginning of the month. At present, it is difficult for the demand in the textile terminal market to significantly improve, and yarn enterprises are also difficult to have a strong position. They often adjust their negotiation space based on their own shipment situation.

Future Market Forecast

The overall buying and selling atmosphere in the short-term market is difficult to improve, and costs are weakening. Without significant improvement in terminal demand, the market will enter a wait-and-see adjustment period. The market is bearish in July, and analysts from Business Society predict that the market for viscose staple fibers and rayon yarn will be weak, stable, and volatile in the short term.