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Viscose Staple Market Will Fall Pressure

2011/4/6 17:26:00 78

Recently, viscose staple fiber prices have dropped significantly. At present, the price of mainstream viscose staple is 25500-26500 yuan / ton, and the individual price of the market is at 25000 yuan.

In the downstream situation, the production and sale of viscose staple fiber is not optimistic, and the stock is increasing. According to the understanding, the stock is short about 20 days, and the high is about 35 days.

In terms of upstream and downstream, prices of cotton, cotton yarn and cotton lint are all down, and demand is general. This also causes great pressure on viscose manufacturers' funds, which is even worse.

The following is a brief analysis of viscose staple market in light of relevant basic aspects.

First, cotton prices decline to provide a cushion for sticky short and weak.

Cotton prices have been showing a downward trend since March. The downstream textile enterprises have a wait-and-see attitude towards the next trend of cotton prices. Therefore, procurement is very cautious. At present, the purchase price of grade 3 lint is roughly 28500 yuan / ton.

The decline in cotton prices has led to a corresponding decline in seed cotton and lint prices. It is reported that the price of seed cotton prices in Nanyang, Henan has declined by 0.1 - 0.2 yuan / jin to 5.9 - 6 yuan / Jin, and the four lint price has dropped to 27500 yuan / ton.

The main reason for the continuous decline of cotton prices is that the purchasing power of downstream textile enterprises is not strong enough for cotton, and the price of downstream cotton yarn has also continued to fall, resulting in sales difficulties.

As a result, cotton farmers are anxious to rush out, which further inhibits cotton prices to a certain extent.

The decline of cotton price makes the substitution effect of viscose obviously weaken, which provides a foreshadowing for the weakening of viscose staple fiber price.

Two, the upper cotton lint and cotton pulp showed a downward trend, which weakened the cost of viscose.

After the Japanese earthquake,

Cotton lint

Market prices continued to decline, from the beginning of 150, 200 yuan / ton to the current daily decline of 300 yuan / ton, within a short span of ten days, cotton lint slipped by about 20%.

The price of the market was 10500 yuan / ton as of the previous day, and the decline in the price of short staple made the manufacturers in a state of loss. Therefore, some manufacturers had panic selling. It is reported that the market prices of Shandong short linen are still loosening, and those of Pu velvet have fallen below 10000 yuan, and the long velvet has dropped to 11500-11800 yuan / ton.

The price of cotton pulp is also dropping. At present, the price of the market center is between 21500 yuan and 22000 yuan per ton.

The main reason for the weakening of the cotton pulp market is also caused by the upstream and downstream drag, which makes the cotton pulp unsmooth.

The market price of wood pulp has been stable at $2600 / ton, while the market price of dissolving pulp has raised the quoted price. It is reported that Sai Li Li has quoted a price of $2900-3000 / ton, so the high price makes the downstream.

Viscose

The manufacturers' willingness to take delivery will further reduce the difficulty of shipment. Therefore, if demand is not smooth, the price will not be too long.

Three, people cotton yarn low price promotion, sticky short difficult to conceal the downward trend

In recent years, the price of cotton yarn market has been showing a downward trend, and the market turnover is obviously insufficient. In addition, due to the introduction of power restriction measures in some regions, the operation rate of cotton yarn factory has been reduced correspondingly.

It is reported that each species in Xiaoshao area.

yarn

The drop is different, the drop is bigger in 700 - 800 yuan / ton, the smaller decrease also has 400 - 500 yuan / ton.

The decline of cotton yarn prices has further reduced the profit of cotton mill, plus the implementation of power restriction measures, making cotton mill's production enthusiasm not high.

At the same time, the yarn market continued to slump, and the inventory of manufacturers also increased, which made the purchasing strength of upstream raw materials weakened.

Four, national regulation and control policies are increasingly tightening up.

In addition, the decline in cotton prices and the tightening of liquidity also have a close relationship. In the case of shipments difficult to pport enterprises and slow withdrawal of capital, raising the deposit reserve ratio is undoubtedly further limiting the source of funds. However, since March 25th, the central bank has begun to increase the deposit reserve ratio, which not only increases the production cost of enterprises, but also has an adverse impact on the production and sales of enterprises.

Taking all these factors into consideration, I believe that viscose staple market will not improve in the near future or will continue to fall.