Weekly Report: VSF/Spandex/Nylon（Apr.16th-Apr.20th）

VSF price showed the ascending trends this week. At present, the leading quotation of VSF was around 16,300-16,800 Yuan/ton in the market, which increased 200-400 Yuan/ton compared with last week. The actual incremental price of the manufacturer was around 16,200-16,400 Yuan/ton, while the transaction was rare with the price 16,500 Yuan/ton or above. Judged from the transaction, the downstream replenishment had neared the end in early days, now the transaction was flat in the market. But it was said that the demands of individual manufacturers were better, and the orders were signed in advance to early May. As for the production and marketing, it was passable for VSF manufacturers and the inventories were appropriate. In the aspect of upstream market, it was affected by the improvement of VSF, the price of staple cotton linter and cotton pulp went up while maintaining the stability, the atmosphere of the production and marketing and even inquiry, had improved under the stimulation of downstream. As for downstream market, the shipment of spun rayon yarn was relatively smooth. Now the quotation of weaving 30S was around 19,700-20,000 Yuan/ton and the negotiating price was about 19,500 Yuan/ton, which increased 200-300 Yuan/ton. In addition, the selling season will come in rayon fabric market, which will push up the demands of spun rayon yarn. Therefore, it expects that VSF price will increase slightly under the improvement of the upstream and downstream.

 

Spandex kept stable this week. But the price of spandex 40D declined 300 Yuan/ton at weekend, and the market price was 42,700 Yuan/ton. Moreover, 20D continued to remain the same level, the price was 56,000 Yuan/ton. The price of upstream raw material pure MDI was different on the basis of geographic sorting. Currently, the low price was 19,000 Yuan/ton while the high price was 19,600 Yuan/ton. The downstream demands were weak and the operations of production restriction increased in spandex enterprises. The purchase order was small and the volume was limited according to the demands. So spandex enterprises carried out the preferential policy again and they hoped that it could stimulate the sales. It was expected that in the aftermarket the spandex had no intention to adjust. Under the supporting of high cost, the volume of transaction was weak. The downstream manufacturers continued to reduce the output and the spandex market would continue to be in weak consolidation.

 

CPL was in weak consolidation this week, which resulted in the sliding of the price in nylon market. The demand range kept the cautious attitude and the transaction was mild in the market. In the aspect of upstream market, CPL price declined in RMB spot market this week, now the price declined to 20,000-20,200 Yuan/ton. As for the nylon chips, the negotiating price of the high-speed spinning chips was 22,300 Yuan/ton and conventional spinning chips was 24,000 Yuan/ton. In the aspect of POY, the cash quotation of low-end POY85D/24F was around 26,500-27,300 Yuan/ton in some medium-end manufacturers. The market sales were relatively insufficient and the price slightly dropped. It expects that CPL price will be still mild in the aftermarket, the price of some nylon chips will continue to slide, and the nylon market will be in weak consolidation.