After the Spring Festival, the prices of most bulk raw materials increased significantly. According to statistics from Baichuan Yingfu, the price of viscose staple fiber increased continuously from February 18th (the seventh day of the first lunar month) to February 25th. The price index only lasted for one week. It rose from 14,000 yuan/ton to 16,500 yuan/ton, an increase of about 17.86%, with the highest single-day increase of 4.64%.
The main reasons are as follows: first, the prices of dissolving pulp and chemical auxiliary materials continue to rise, and the cost-end support is relatively strong; second: viscose staple fiber manufacturers have relatively abundant orders, and there is no sales pressure in the short term; Third: The adoption of loose monetary policies by many countries around the world is also one of the reasons for the sharp rise in commodities; fourth, due to the development of vaccines and the easing of the epidemic, governments and people of various countries are optimistic about macroeconomic recovery and development, leading to rising demand expectations.
However, at the end of February, the rising momentum of viscose staple fiber ended, the market performance was calm, and the price remained high and stable. It has been maintained for 20 days. Due to the stable price situation, most industry players are paying attention to the next turning point of the viscose staple fiber market, whether it will continue to rise or turn downward.
While the price of viscose staple fiber has stabilized at a high level, how is the market performance of other textile raw materials?
Polyester staple fiber has been falling since the end of February. Although the fundamental performance is acceptable, as bulls withdraw their profits, short fiber futures have fallen sharply. Staple fiber factories have raised prices due to low inventory levels. The mentality is obvious, but the phenomenon of traders selling goods at low prices has impacted the market. Short fiber companies have generally begun to lower their quotations significantly. The trading atmosphere in the spot market is weak. The wait-and-see mentality in the downstream is obvious, and production and sales are extremely light. Due to the rapid price increase, poor terminal acceptance capacity, and the recent light market production and sales, there may be a certain accumulation risk in the inventory of spinning mills, and the raw material inventory of spinning mills is large, which has a certain negative impact on the short fiber market.
The cotton market as a whole showed a weak downward trend in March, mainly due to the rapid rise in prices in the early stage and the gradual decline in downstream acceptance. , cotton yarn prices have experienced a correction. In addition, amid concerns about inflationary pressure, market panic has dragged down the commodity market, and the cotton market has shown a weak market trend.
For spandex, which has a large growth rate, it is still no exception. Entering early March, the domestic spandex market has also stopped and maintained a high and volatile pattern. Spandex manufacturers Shipments are active, the main raw material market is temporarily stable and consolidated, the auxiliary raw material market has fallen broadly, the cost side has strong support, spandex manufacturers have maintained stable offers, dealers and agents have followed up slightly on dips, and purchased on demand. At present, although the inventory of spandex is low, which supports the spandex market, the market price of the main raw material PTMEG is temporarily stable, and the auxiliary raw material pure MDI has fallen sharply. The positive support on the cost side has weakened, and the difficulty of digesting and transferring spandex downstream and terminal costs has increased, and the profit margin has increased. Compression, coupled with the increase in supply of goods circulating on the market and some narrow profit margins, the spandex market trend may be volatile in the short term.
Acrylic fiber has maintained a relatively strong trend since the Spring Festival. The price of acrylic fiber is mainly driven by the surge in the price of raw material acrylonitrile. The increase in acrylonitrile prices is mainly due to the maintenance and shutdown of domestic and foreign acrylonitrile units, the decline in market supply, coupled with the steady growth of downstream demand, the global market supply exceeds demand, resulting in a sharp rise in acrylonitrile prices, and the market has gradually tended to Rational, prices are consolidating at a high level, and as equipment restarts and supply recovers, there is the possibility of a slight correction in the later period.
For most textile raw materials, the market in mid-to-early March was in a stable to weak pattern, and viscose In the market after staple fiber prices stabilized, downstream yarn mills maintained a cautious wait-and-see attitude while avoiding risks. Traders continued to sell goods at low prices. At the same time, due to the downward shift in the center of gravity of related raw materials and poor terminal transmission, the market price of rayon cloth was weak and downward. and other influences, further affecting the industry’s confidence in the market outlook. However, viscose staple fiber manufacturers have a relatively strong mentality under the strong support of sufficient orders, low inventory, and high costs. With sufficient raw material stocks in downstream spinning mills, the economy The market after the rapid rise still needs some time to digest. In the absence of obvious positive news, the market is expected to remain in a stalemate before the end of March. </p
