Viscose Staple Industry Warmer Prices Continue To Rise

After four years of wandering at the bottom, the viscose industry has been shut down for environmental reasons since 2015, and the supply structure has improved significantly. It is reported that the overall operating rate of the industry is more than 93%. Apart from the partial production and maintenance of individual enterprises, the industry is running at full capacity. At the same time, the overall inventory of the industry is very small, and the largest inventory of enterprises is not more than a week. Some of the enterprises that are still in operation in Shandong have indicated that the actual stock is not large. Source of supply Relatively tight.

The rebound in viscose staple fiber industry and the continuous rise in prices have attracted the attention of research institutions. Many brokerages including Haitong Securities and China Merchants Securities have released the Research Report of viscose staple fiber industry. Analysis of the industry, the price increases mainly come from two factors. First, the downstream spinning enterprises need to be stocked years ago. Two, environmental protection has led to the partial production of some factories in Shandong and other regions, resulting in a tight supply side. Due to the recent haze in Beijing, Tianjin and Hebei, environmental protection, rectification and overhaul are further expanding to northern Jiangsu, Henan and Hebei.

After a short adjustment, Viscose staple fiber The price of products has started a new round of rise, and the market is in short supply. Most manufacturers' orders have been signed until the end of January, and some manufacturers have already signed the bill because of the better judgement of the future trend.

Shandong Yami 1.5D*38mm viscose staple was quoted at 16500 yuan / ton in December 27th, up 1000 yuan per ton compared with 10 days ago. Meanwhile, it is widely expected that the good market will continue until 2018. Plate stocks three friends chemical, Australian ocean technology, Nanjing chemical fiber caused concern.

It is reported that by 2018, the industry's new capacity is very limited, only a small part of the technological transformation of enterprises release a small amount of production capacity, and Sanyou chemical 200 thousand tons of new capacity will be put into operation in 2018. Analysis of the above industry insiders, in the industry does not have big new capacity, demand growth, cotton easy to rise and fall, and other factors, the future market optimistic is a big probability event.

Among them, China Merchants Securities in July this year on the viscose industry roadshow feedback and historical industry situation analysis, answered the market most worried about the replacement of cotton viscose, the team believes that with the performance of viscose increased significantly, as a superior performance of a textile material, viscose in the Clothing fabric The proportion used inside is higher and higher. It is the most definite consumption upgrading variety in chemical fiber. Merchants Securities judgement, viscose staple fiber industry boom cycle saw 2018.

Compared with previous years, the polyester industry inventory is at a low level this year, and profits are at the best level in recent years. Reporters found that although close to the Spring Festival, but the production of orders and the rate of start-up has not declined significantly, the production of a busy scene, a few years ago, the loss of business "haze" swept away.

With the gradual rise of market sentiment, polyester industry is turning losses into profits. Up to now, the profit of polyester production is nearly 260 yuan / ton, which is a relatively high level in the past 2 years. In fact, polyester terminal products have been out of stock this year, of which FDY products have been oversold, and the finished products of downstream warp knitting enterprises are also oversold.

Polyester stocks are at an absolute low level during the year, which is also lower than the same period last year. On the one hand, polyester manufacturers are more willing to buy and buy with low price strategy before the Spring Festival; on the other hand, the peak season for the downstream has not yet ended. The short-term crude oil prices have intensified, PTA has been better expected, and the purchasing intention of downstream enterprises is stronger, and the existing polyester stocks have been well digested.

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