Terminal Textile Industry Enters Off-Season, Viscose Staple Fiber Prices Continue To Fall In June

In June, the domestic viscose staple fiber market maintained a downward trend. According to price monitoring, as of June 7, the average price of domestic viscose staple fiber (1.2D * 38mm) was 13780 yuan / ton, down 1.88% compared with the beginning of the month, up 41.46% year-on-year. The market continued to show a light atmosphere, factory inventories rose.

From the index point of view, the viscose staple fiber commodity index on June 7 was 102.23 points, down 6.52 points from the beginning of the month, 19.88% lower than 127.60 points (2017-03-24), and 58.40% higher than the lowest point of 64.54 points on August 13, 2020.

Since June, the price of raw cotton linter has been in a high and stable state. Wood pulp supply was basically flat, but there was a downward trend, and the overall performance of market transactions was weak. Prices continued to weaken. As of June 7, the price of hardwood pulp was 5030 yuan / ton, down 37 yuan / ton from June 1 (5067 yuan / ton), and 17.03% lower than that in the middle of March (the highest point in the year).

Downstream people cotton yarn prices are basically flat, trading light. According to price monitoring, as of June 7, the average ex factory price of man-made cotton yarn (30s, ring spinning) was 17900 yuan / ton, about 300 yuan / ton lower than the price at the end of May.

At present, the terminal textile industry has entered the off-season, and the cost support is insufficient, and the price of viscose staple fiber still has a downward trend. In addition, from the 730 moving average of the business club, since 2021 / 4 / 4, the 7-day moving average is under the 30 day moving average, and the current two moving average continue to go down in the same direction. According to the calculation of 2021 / 6 / 6, the probability of operation situation change in the next 7 days (i.e., the 7-day moving average above the 30 day moving average) is only 2.89%.

(author: Liu Zhuoling)