This week (April 22-28, 2024), the adhesive short fiber market remained stable. The market for raw material dissolution slurry is generally stable, while the market for auxiliary material liquid alkali and sulfuric acid has experienced a narrow decline. The cost support for viscose short fibers is weak and stable. From the perspective of supply and demand, the recent shutdown and maintenance plans of adhesive short fiber manufacturers have been concentrated, resulting in a decrease in the supply of adhesive short fiber in the market. The inventory of various manufacturers is still at a low level, and there is some positive support on the supply side; The downstream cotton yarn market has maintained a high level of production, with some models experiencing shortages, but the overall market is still mainly focused on purchasing in demand, with no obvious signs of improvement on the demand side. Overall, the upstream raw material prices are weak and stable, while the cost support is weak. Downstream yarn factories mainly consume inventory, and the release of new orders on site is limited. Viscose short fiber manufacturers mainly execute shipments. The overall market sales speed is stable, and the market prices of viscose short fibers are consolidating horizontally.

According to the Commodity Market Analysis System of Business Society, the price of viscose short fibers remained weak and stable this week (April 22-28, 2024). As of March 28th, the domestic factory quotation for 1.2D * 38mm adhesive short fiber is 13240 yuan/ton, which is the same as last week’s price.

In terms of supply: This week (April 22-28, 2024), the operating rate of the adhesive short fiber industry remained around 74.31%, with a narrow decrease in production compared to last week. During the week, the maintenance facilities for adhesive short fibers in Jiangxi region were gradually restarted, while some adhesive short fiber facilities in Fujian region were shut down for maintenance, resulting in a slight decrease in overall market supply.

In terms of demand: downstream people mainly execute orders in the cotton yarn market, with little price change. Downstream enterprises have average purchasing power, with multi-dimensional support and on-demand procurement. Currently, the new round of signing has ended, and the operators have entered a period of inventory consumption.

In terms of cost: This week (April 22-28, 2024), the market price of raw material dissolution slurry remained stable, while the market prices of auxiliary material liquid alkali and sulfuric acid slightly decreased. The cost center shifted downwards, and the average production cost of viscose short fibers slightly decreased.

Downstream cotton yarn market

This week (April 22-28, 2024), downstream cotton yarn saw weak consolidation, with the market mainly executing orders, overall prices remained stable, overall shipments average, inventory basically maintained, demand side performance was weak, downstream demand did not show a significant improvement, and actual transactions on the market were limited. As of April 28th, the average ex factory price of human cotton yarn (30S, ring spun, first-class) was 17400 yuan/ton, which is the same as last week’s price.

Future Market Forecast:

The upstream raw material market is not volatile, and the inventory of various manufacturers is not high. There is not much change in the supply side in the short term. Downstream enterprises have average purchasing power, and they mainly deliver early orders. The overall market sales speed may continue to be stable. Business Society analysts predict that the market for viscose short fibers will remain stable in the short term, with market prices generally stable. The market for human cotton yarn will mainly operate weakly and steadily, and the price of viscose short fibers is expected to be between 13000-13300 yuan/ton.