In November 2022, the cost end support of viscose staple fiber market will weaken, the demand will continue to be poor, the industry chain will lack confidence, and the price will be weak and stable. It is difficult for the downstream people to improve their cotton yarn trading, focusing on the digestion of inventory, lacking of terminal orders, the operating rate has gradually declined, and local price reductions and promotions have continued. The price of human cotton yarn continues to decline.
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Price trend of viscose staple fiber
According to the price monitoring of the business community, the price of viscose staple fiber in November was basically stable. As of November 29, 2022, the ex factory quotation of 1.2D * 38mm viscose staple fiber in domestic areas was 13200 yuan/ton, basically unchanged compared with the beginning of the month; The price of human cotton yarn was weak and declined. As of November 29, 2022 (30S, ring spinning, first class), the average ex factory price was 17766 yuan/ton, down 100 yuan/ton from the price at the beginning of the month, with a monthly drop of 0.56%.
Inventory and demand
The current weak demand is hard to change, the new viscose staple fiber transaction is limited, the physical inventory may increase, and the supply pressure remains. Human cotton yarn continues to be weak, mainly consuming its own inventory. Some are just in need of purchase. The factory’s operating rate has slightly declined. The manufacturers mainly ship. The terminal demand shows no signs of improvement. In the short term, the willingness to take goods is not high, and the demand side continues to operate weakly.
Future market forecast
In the near future, the supply side of viscose staple fiber may be loose, while the downstream demand continues to be negative. In the situation of weak support at the cost side and poor demand, the confidence of the industrial chain is still insufficient, and the viscose staple fiber market is difficult to get rid of the weak situation. Analysts from the business community predict that the prices of viscose staple fiber and rayon yarn will continue to operate in a weak and stable manner next month.
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