Weekly Report: VSF/Spandex/Nylon（Mar.26th-Mar.30th）

The decline of VSF Price stopped and stabilized this week. At present, the leading quotation of VSF was around 16,000-16,300 Yuan/ton in the market, slightly increased 100 Yuan/ton compared with last week. Due to the greater pressure of funds and inventory, it was more cautious to purchase viscose staple fiber. Although the inventory of VSF manufacturers reverted to appropriate space, there was still large pressure of inventory. In order to remit the pressure of production and marketing, the Individual manufacturers planed to limit the production and maintain the devices. In the aspect of upstream market, staple cotton linter and cotton pulp showed flat performance and the price was in a stalemate. Recently, because most of the manufacturers were mired in red ink and was lack of the inventory, many manufacturers were unwilling to sell it by low price, which provided the cost support. Moreover, the price of spun rayon yarn that dropped slightly was in weak consolidation in downstream market. The trading atmosphere was mild and the pressure of manufacturers was great. The manufacturers offered discount during the close of deals. Therefore, VSF price will still in weak consolidation before the arrivals of the rigid demands.

 

The price of spandex kept stable this week. The price of upstream raw material pure MDI was in a high side. Now the cash quotation of MDI was 19,000-19,500 Yuan/ton in East China and 19,200-19,600 Yuan/ton in South China, but the price centre of PTMEG was low around 26,500-30,000 Yuan/ton in domestic market. In addition, the price of spandex was relatively steady in downstream market. The price of 20D was 56,200 Yuan/ton and 40D was 43,000 Yuan/ton. The trading atmosphere of spandex in the market was general. Lately, some low-quality and new arrival products were supplied at a low price apparently, which drove many enterprises to sell with discount. Under the pressure of high cost, the business status of overall production was defective. It expects that the price of spandex will loose in the aftermarket.

 

The price of nylon chips slid slightly this week, which made the price of nylon products in the market also dropped. The demands in the market were general. The price of CPL was 22,150 Yuan/ton, which dropped 150 Yuan/ton in domestic market. The quotation of conventional spinning nylon chips was 23,900 Yuan/ton, which declined 100 Yuan/ton and the high-speed spinning semi-bright chips dropped from 24,400 Yuan/ton to 24,300 Yuan/ton. The price of downstream nylon manufacturers continued to be weak. As for FDY, the transacting negotiation price of FDY70D/24F was around 28,500-29,000 Yuan/ton and dull yarn 70D was 29,000 Yuan/ton in Shengze & Jiaxing market; About POY, the price of POY 85D/24F was around 28,300-28,500 Yuan/ton in parts of medium manufacturers and low-end products in Jiangsu & Zhejiang market was around 26,800-27,300 Yuan/ton. In the aspect of DTY, the transaction price of high-end 70D/24F was 32,000-32,500 Yuan/ton, which declined slightly. Now there was still slightly downward pressure of the price in nylon market, and the demands were depressed in downstream sectors. It expects that it is not obvious to improve in the aftermarket. The price will decline slightly; the purchasing will continue to be conservative and the sales will be insufficient in the market.