The Fundamentals Will Not Change. Viscose Staple Fibres Will Remain Empty In June.

In the whole May, viscose staple fiber was mostly dominated by fall. From the trend graph, we can see that it has been down for about 20 days.

Immediately entering June, if the terminal weaving is still short of orders, viscose staple fiber or continue to empty.

The upstream raw materials are mainly stable.

For cotton lint, the price of domestic cotton lint remains stable.

Because of the poor profitability of the cottonseed oil plant, the low operating rate of the enterprises, the limited output of short pile, and the strong price of cottonseeds, all have raised the market of short staple. However, under the influence of environmental protection inspection, the factory operation rate of the downstream factories is relatively low, and the price of imported short staple is low, which is expected to be stable in the short run or stable.

In terms of dissolving pulp, the market performance is relatively weak. Some domestic dissolving pulp factories have turned to produce chemical pulp. At this stage, the turnover of broadleaf pulp is about 6600 yuan / ton, and the coniferous pulp is about 6800 yuan / ton.

The supply side is relatively stable.

As of 28, the starting rate of viscose staple fiber was 72.54%. Under the situation of obvious loss of profits of most enterprises, viscose staple fiber had no obvious reduction and negative insurance price expectation, because its start-up investment cost was obviously higher than that of other chemical fiber types.

Downstream and downtrend is difficult

Sticky short price decline, at the same time, the price of cotton yarn is also down, and the decline is difficult to stop. Recently, the vortex yarn price dropped 500-1000 yuan / ton phenomenon, the market is rising or falling, and the terminal export pattern still needs to wait and see. The yarn business is not well shipped, the mentality is weak, and the 6-7 month is the traditional textile and clothing off-season.

To sum up: under the influence of macroscopical environment, the market of viscose staple fiber, which is stable and weak, seems to be a bit short of confidence. The inventory pressure of the industry continues to remain high, and the overall selling price is hard to say. It has created the expectation that the spinning enterprises will continue to empty the viscose staple fiber in June.

(source: lung Chung, I cotton net)