Weekly Report: Viscose Staple Yarn (5th Sept-9th Sept)
Author: Sep 13, 2011 08:13
This week, viscose staple yarn price keeps firm. Now 1.5D mainstream quotation is around 1950-19800CNY, some suppliers quoted 20000CNY, while the negotiate price is mainly around 19500CNY, increased 300CNY, in compare with that of last week. As is reflected that some low priced suppliers withhold the goods. Now viscose yarn production and marketing rate is high.
Early of the week, viscose staple yarn price is boosted up by its feedstock cost, in addition with cotton price recovered, as a kind of replacement, viscose yarn price is boosted to some degree. In addition, fabric sale turns well, especially for cotton fabric, which also pulled viscose yarn price up.
On upstream, linter cotton price slightly fluctuate. Now, new linter has come into the market, but its quality is just on average, thus some pulp plants would rather to buy in old linter to covering stock. Now old linter is still the main force of the market. Currently, linter cotton price increased 200CNY or so, whose price is around 5300-5800CNY. As for cotton pulp, its guidance price is settled around 12500CNY. The information, again, boosted viscose yarn price up. Now cotton pulp plants quotation has been boosted up to 12500CNY, some even quoted at 13000CNY.
On downstream, after a month of bottom trace, and consolidation, cotton futures price has finally kicked the bottom. Now the third grade cotton is price at 19620CNY/t. On Thursday, 2011 cotton temporary storage work is officially started, the national policy also boosted cotton yarn price up. With the support of feedstock price and end market confidence, rayon yarn turnover is considerable. Now, autumn and winter fabric sales well on the market, while weaving plants are full loaded. But for previously are mostly process according to orders, its price is generally stable. Now, rayon yarn price continue to increase and its turnover is considerable. Machine woven 30S price is around 23700CNY, 40S is quoted around 24700CNY, which was generally 100CNY increase, comparing with that of last week.
To sum up, now viscose staple yarn price is likely upward for the impetuous from both upstream and downstream. But rayon yarn market demand is still buy in according to demand. But linter cotton may bring adverse influence. It is estimated that in the short term, viscose staple yarn price will slightly increased.
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Editor: Candy From: 168Tex.com
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