When Guangdong’s demand for bargain-hunting imitation rabbit hair yarn began to gradually emerge, and when the purchase of vortex spinning yarn gradually increased in Zhejiang, the psychology of the viscose staple fiber industry began to undergo subtle changes, and the market news began to become abundant, and certain viscose staple fibers appeared one after another. Enterprises began to close large orders, and there was news about production adjustment and maintenance of dissolving pulp enterprises. On June 9, the price of viscose staple fiber industry increased.
The market rose more significantly on June 8. During this period, rayon yarn companies in Fujian used this opportunity to restore the low prices of siro and compact siro that had fallen in the early stage. At the same time, ring spinning prices also followed suit. The price of vortex spinning rayon yarn in Wujiang area has risen from the low price of 17,600 yuan/ton to 18,500 yuan/ton, and the price of open-end spinning has also risen to 17,800 yuan/ton. The price of R36S (ring spinning and general winding) in high-density areas rose from 18,300 yuan/ton to 18,500 yuan/ton. In addition, most of the other rayon yarn models with relatively reasonable prices in the early stage have not changed significantly in the current wave of short-term and short-term price increases, but only moderate follow-up offers of 100-200 yuan/ton.
However, in view of their sluggish order situation, many cotton spinning companies have also raised questions. Will viscose staple fiber continue to rise until September? Still turned down midway. It stands to reason that when the raw materials themselves are rising, if it can stimulate an increase in downstream trading volume, the market rise may be smoother. However, if the rise is only a unilateral behavior of raw materials, the rise may soon end. Therefore, this article is more from a demand perspective.
First, the appreciation of the RMB exchange rate increases the uncertainty of textile and apparel fabric exports in the second half of the year.
On May 26, China announced that it would consider introducing a countercyclical factor into the central parity rate of the RMB against the U.S. dollar to hedge against procyclical fluctuations in market sentiment, reduce supply and demand distortions, and reduce the risk of overshooting. On June 1, the RMB exchange rate appreciated by 543 points compared with the previous trading day. Most securities and banks analyze that the RMB exchange rate will begin to counterattack and enter an appreciation channel in the second half of the year.
Secondly, the market order demand for vortex yarn and PBT core-spun yarn has not been realistically reflected.
Guangdong currently purchases a large amount of imitation rabbit hair yarn. Most of this demand is just for bargain hunting. The actual demand for sweaters in my country from Europe and the United States has not yet been revealed. Currently, cotton spinning companies in Taicang, Fujian and other places are also increasing their core-spun yarns in large quantities. In terms of output, most people are betting that the market and popularity of sweaters will continue this year. However, if the subsequent appreciation of the RMB exchange rate and other factors make the market demand for sweaters significantly decline compared to the same period last year, it will be worth the recent continuous hoarding in Guangdong. Core-spun yarn inventories and core-spun yarn manufacturers that are still increasing production will face a large number of inventory digestion problems for subsequent core-spun yarns, prompting negative sentiment in the market.
Even after the end of Guangdong’s demand for core-spun yarn stocking, Puyuan market demand followed closely, but with limited PBT yarn and a 51% viscose staple usage ratio, it is still difficult to have a large actual demand for the viscose staple fiber market. of support.
Furthermore, the sales situation of vortex spinning in Wujiang area has been poor since 2017. The current price focus has caused new orders to shrink, which shows that the ability to chase the increase in the future is not good.
Finally, the sales of woven R45S may end near the end of the month. The market urgently needs the start of orders for coarse-count and knitted rayon yarns to re-support the consumption of short-cut yarns. However, judging from the above situation, the demand for coarse-count yarns and most knitted yarns The market price is not yet displayed.
Generally speaking, the situation of viscose yarn companies cannot be the basis to support the continued rise in viscose staple prices. However, traders’ large stocking of viscose staple fiber in the early stage has caused some viscose staple factory inventories to become negative again. Therefore, the viscose staple industry sales The price may be strong until the end of June, but traders need to pay due attention to the shipments of viscose yarn and the subsequent start of new orders from viscose yarn companies.
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