In The First Ten Days Of April, The Demand For Cotton Yarn Was Weak And The Price Dropped Slightly
As of April 12, the average ex factory price of man-made cotton yarn (30s, ring spinning) in Shandong was 19500 yuan / ton, which was about 200 yuan / ton, or 1.01% lower than that in early April. In April, people's cotton yarn market failed to continue the stability in March, the price fell in a shade, the market situation was weak, the transaction was light, and some enterprises showed signs of giving up profits. While the upstream viscose staple fiber is stable and weak, and the mainstream quotation is 15800 yuan / ton. People yarn cotton downstream purchase willingness to decline, weak demand, mainly to consume inventory.
Inventory of finished products of man-made cotton yarn: in the first quarter of 2021, the number of days of final inventory of man-made cotton yarn will reach 12.2 days, and the inventory is still on the increase trend, and the current inventory level has exceeded the level of the same period last year.
The start-up rate of man-made cotton yarn industry: 85% of the final start-up rate in the first quarter, and the May Day holiday in the second quarter. Under the premise of weak market demand and high upstream viscose staple fiber cost, the start-up or passive decline of the human cotton yarn industry was observed.
The orders of viscose staple fiber held by man-made cotton yarn decreased: Although the order days of viscose staple fiber held by man-made cotton yarn were higher than that of the same period last year, it has gradually declined. According to this rhythm, it is expected that there will be a certain rigid stock demand for viscose staple fiber in the market around May Day.
Upstream viscose staple market
Judging from the historical data, the price of viscose staple fiber is at a high level. According to the price monitoring of the business agency, as of April 9, 2021, the average ex factory price of 1.2D * 38mm viscose staple fiber in China was 15720 yuan / ton, which was 140 yuan / ton lower than that at the end of March. According to the survey, the price of viscose staple fiber increased from 8300 yuan per ton in August last year to nearly 16000 yuan per ton at the beginning of the year. In particular, after the year, the price soared all the way, from 12900 / T in early February to 15800 / T, up 22.5%. Since March, prices have gradually stabilized.
Analysts believe that the new orders of rayon and cotton yarn are general, the inventory has increased, the cost of raw material viscose staple fiber is at a high level, and the procurement of raw materials is more on demand, and the viscose and human cotton yarn market has entered the stage of price holding deadlock. It is expected that the late cotton yarn will be weak.
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