Viscose Staple Prices Encounter "High Diving"

At the end of last year, the viscose fiber in chemical fiber, especially viscose staple, is undoubtedly a "Star" variety in the collective price increase of this chemical product.

In just two months, the price of viscose staple fiber rose sharply, and the average price in the fourth quarter of last year exceeded 22 thousand yuan / ton, which was 50% higher than the price at the end of last year.

However, this year, the viscose fiber market has been reversed.

This reporter learned yesterday from the first textile net, last weekend to yesterday, the domestic viscose staple fiber Market reappeared diving market, the drop in the range of 280-350 yuan / ton.

At present, the mainstream price of viscose staple fiber in most parts of China has dropped to about 19000 yuan / ton, and a few factories have already produced 18600-18800 yuan / ton of viscose.

Because of the low market price and the confusion of prices, most manufacturers have adopted the mode of "first use goods after settling accounts".

The statistics provided by the first textile network show that the price of viscose staple fiber has been maintained at a high level of 22200 yuan / ton around the end of October 2007 and has remained at the end of December.

But since then, the breed has started to decrease by an average of 100-200 yuan per ton per week, and has recently fallen below the 20000 yuan important support point, which is close to the cost price of 18000 yuan.

This is also the first time since June last year, the mainstream price of sticky market has dropped to below 20 thousand yuan.

As a leading manufacturer of viscose fibers in China, the share prices of listed companies such as Shandong Hailong, Australia ocean technology and Xinxiang chemical fiber have also been dragged down recently.

Yesterday, in the end of the market rebound, Xinxiang chemical fiber is still closed down, the other two companies also close to the closing price.

Among them, Australia ocean technology has firmly sealed down on the previous trading day.

In this regard, the industry analysts believe that the price of viscose fiber in mid April steadily weakened because of the upstream cotton linter price down down, the viscose fiber price thrust weakened; two, the downstream cotton yarn prices slid together, the formation of viscose fiber price drag.

It is reported that the entire viscose upstream and downstream markets have shown a very low trend, the downstream cotton yarn step-by-step sharp reduction, some 30s cotton yarn manufacturer's factory price has reported a promotional price of 22000 yuan / ton, and the mainstream price of upstream raw cotton lint has dropped to 4800 yuan / ton.

The decline in the upstream and downstream markets has further exacerbated the market's bearish outlook on viscose staple market, and is expected to continue to fall.

The latest report of Orient Securities textile industry pointed out that the downturn of downstream demand has dragged down the market of chemical fiber industry.

Due to the high CPI in China, the government has tightened up under the pressure of inflation. At the same time, after the new labor law started this year, the labor costs have increased significantly and the appreciation of the renminbi has continued to weaken, which has weakened the price advantage of China's textile exports, and the export situation of the textile industry has become even more severe.