The market conditions for viscose short fiber on June 24 were not very clear, with significant difficulties in sales. Purchasing customers mostly focused on restocking to maintain production. For the 1.5D viscose short fiber, the monthly settlement price in the market was mostly negotiated around 18,500 yuan/ton. By June 28, the monthly settlement prices for viscose short fiber were continuously announced, mostly settled at around 18,500 yuan/ton. Some large-volume customers enjoyed discounts of 100-200 yuan/ton. Both sides of the business had a relatively high acceptance of this price. Manufacturers also intended to use this price as the provisional price for the new month, continuing the policy of price protection and monthly settlement. The outright purchase price in the market was around 18,000 yuan/ton. The viscose short fiber market was busy with monthly settlements and invoicing, with trading atmosphere still weak. Most manufacturers had no new policies for the next month, and it was heard that some manufacturers continued to maintain a bottom price at 18,200-18,300 yuan/ton. The trading atmosphere in the viscose short fiber market remained weak, with monthly settlement prices generally ranging from 18,000-18,500 yuan/ton. As for the new month's policy, most would also be within this range. There were rumors of individual low-price transactions at 17,000-17,500 yuan/ton.
Recently, the spot price of upstream cotton has seen a larger decline. In the context of poor downstream market conditions, the viscose short fiber market remains sluggish, with prices continuing to adjust downward. Due to the continued drop in viscose short fiber prices, driven by poor market transactions and reduced raw material costs, most yarn prices have maintained a downward trend, lacking market confidence. Market purchases are mostly focused on waiting and observing, with overall transaction volumes unlikely to improve. Most downstream enterprises adopt a principle of buying as needed, producing according to demand. The price of rayon yarn continues to fall, mainly due to cost reduction. Recently, the price of yarns in the Jiangsu-Zhejiang region has continued to fall, and many varieties of yarns are still primarily adjusted downward. Rayon yarn prices have fallen due to the decline in viscose short fiber prices.
The central bank raised the deposit reserve ratio by 0.5 percentage points starting June 20. This is already the sixth time the central bank has raised the deposit reserve ratio this year. As a result, the deposit reserve ratio for large financial institutions has reached a historical high of 21.5%, further compressing policy implementation and increasing negative factors for small and medium-sized textile enterprises. Starting July 1, the country will reduce import tariffs on textile materials such as blended fabrics and linen yarns, particularly reducing the import tariff on blended fabrics from 12% to 6%. The reduction in textile material import tariffs has accelerated the decline in cotton prices. Following a 3.56% drop on June 27 (Monday), the main cotton futures contract fell another 2.33% on June 28 (Tuesday). Over just five trading days, cotton futures prices plummeted by 8.99%, reaching a new low for the year. Due to the substantial reduction in textile material import tariffs, cotton futures prices have fallen, creating a market psychology of buying rises but not falls. Customers' observation mentality has increased, and order volumes have sharply decreased. The adjustment in import tariffs has affected the supply and demand of cotton raw materials. Industry analysts pointed out that the reduction in import tariffs will lead our country to increase imports of cotton textile raw materials, adjusting the import-export structure of cotton textile raw materials, alleviating the supply-demand gap of cotton, and stabilizing the decline in cotton prices.
On June 24, the market price of cotton linters was quoted at 6,100 yuan/ton, on June 27 at 6,050 yuan/ton, from June 28 to 30 at 6,000 yuan/ton, and on July 1 at 5,900 yuan/ton. Last week, the price of short fibers remained largely stable with slight decreases, making market sales difficult. Prices for premium short fibers remained relatively firm, while negotiations for long filament fibers were mostly around 7,500 yuan/ton or slightly lower. Negotiations for ordinary fiber velvet were mostly at 6,000 yuan/ton or less. In the Xiajin area of Shandong, good quality cotton linters were quoted at 7,600-7,700 yuan/ton on June 27, with transaction prices at 7,500-7,600 yuan/ton, keeping the market weak. In the Yuncheng area of Shanxi, good quality cotton linters were quoted at 7,600 yuan/ton, with transaction prices at 7,500-7,550 yuan/ton, showing stagnant demand. In the Aksu area of southern Xinjiang, high-quality cotton linters were quoted at 7,400-7,500 yuan/ton, down 100 yuan/ton from the previous weekend, continuing weakness with poor sales. The short fiber market in Shandong saw quiet trading, with ordinary fiber velvet prices dropping to around 6,000 yuan/ton. The market supply of short fibers was relatively abundant, and with only about two months until the new fibers hit the market, the market outlook for new fiber prices is generally pessimistic, with severe price pressure.
In recent times, the price of rayon yarn has shown a declining trend, with the rayon yarn market still appearing sluggish. Inventory accumulation of rayon yarn products remains relatively high, and the inventory pressure on yarn mills is still relatively large. Market quotations are locally weak. With the conventional off-season approaching, the operating rate downstream is insufficient, external sales are not smooth, and downstream demand is inadequate. Industry insiders estimate that rayon yarn transaction volumes will remain insufficient in the short term.
By June 28, the factory price for refined cotton short fibers in the Xiajin area of Shandong was around 7,300 yuan/ton; the price for long filament grade cotton short fibers was 6,800-7,000 yuan/ton; general quality short filament common fiber grade cotton short fibers were traded at 5,500 yuan/ton, a drop of 200 yuan/ton compared to June 27, with average market transactions.
The mainstream quotation for cotton pulp on June 24 was 12,150 yuan/ton, on June 27 it was 12,000 yuan/ton, on June 28 it was 11,700 yuan/ton, on June 29 it was 11,600 yuan/ton, and from June 30 to July 1 it was 11,500 yuan/ton. The negotiation atmosphere in the cotton pulp market was normal, with better quality cotton pulp quoted at 12,500 yuan/ton and lower negotiations at 12,000 yuan/ton or even lower. Cotton pulp manufacturers in the Xinjiang region have extremely low production rates. Trading in the cotton pulp market is not smooth, maintaining a weak atmosphere. Manufacturer quotations are mostly around 12,000 yuan/ton, with earlier transactions around 11,000 yuan/ton. Downstream viscose factories are heavily pressing prices, intending to trade around 10,000 yuan/ton. Earlier, there were reports of transactions around 11,000-11,500 yuan/ton. Currently, trading is relatively deadlocked, with significant pressure on prices to continue adjusting downward. Trading in the cotton pulp market remains deadlocked, with earlier reports of short filament grade transactions in Xinjiang around 11,000 yuan/ton and local better quality transactions at 11,500 yuan/ton. Paper-to-pulp companies currently maintaining production are mostly for self-use or subcontracted processing, with recent trading basically halted. Manufacturer quotations are 11,000 yuan/ton, with earlier transactions at 10,500 yuan/ton, and shipping difficulties due to the impact of imported paper-to-pulp prices.
The recent market trading atmosphere for viscose short fiber is generally average, with downstream markets generally feeling confused about the current situation, purchasing mainly to maintain production levels. The market negotiation price for 1.5D viscose short fiber is maintained at 18,000-18,500 yuan/ton. Although some manufacturers have canceled monthly settlements and implemented one-order-one-discussion price protection, the industry's response is not high, and the results from just 23 enterprises are limited, making transactions difficult. Currently, the one-order-one-discussion market price is reported to be around 18,000-18,300 yuan/ton. The current cost price for viscose short fiber is around 20,000-22,000 yuan/ton, but the actual selling price is mostly around 18,000 yuan/ton, forcing some manufacturers to reduce production operations, with some enterprises already shutting down.
The mainstream market price for viscose short fiber 1.5D38MM was 18,550 yuan/ton on June 24 and 18,200 yuan/ton on July 1. The market price for upstream cotton linters was 6,100 yuan/ton on June 24 and 5,900 yuan/ton on July 1. The mainstream quotation for cotton pulp was 12,150 yuan/ton on June 24 and 11,500 yuan/ton on July 1. The mainstream quotation for imported wood pulp was 1,800 USD/ton on June 24 and 1,770 USD/ton on July 1.
On June 25 (Saturday), the market conditions for viscose short fiber were relatively calm, with the market being rather uncertain about the current price situation and waiting for clearer market trends before making decisions. Most viscose short fiber manufacturers will announce their monthly settlement prices either in the afternoon of June 27 or on June 28, with the intended price for 1.5D viscose short fiber mostly around 18,000-18,500 yuan/ton.
The viscose short fiber market has recently heard of active large order negotiations, with some large factories quickly digesting inventory. However, regular sales remain sluggish, with no improvement in downstream demand, and procurement remains slow, lacking enthusiasm. The market generally negotiates at a higher level of 18,500 yuan/ton, commonly at 18,000-18,300 yuan/ton, with some parts below 18,000 yuan/ton.
On June 30, the viscose short fiber market was largely stable with minor declines, with some manufacturers canceling price protection policies in July and switching to one-order-one-discussion, with quotes for 1.5D viscose short fiber mostly around 18,200-18,500 yuan/ton.
Last week, some third-quarter new quotes for imported dissolving pulp were around 1,700-1,800 USD/ton, with suppliers reporting relatively stable order environments. Domestic dissolving pulp earlier heard transactions at 11,000 yuan/ton, with recent individual reports breaking below 10,000 yuan/ton but unconfirmed. It was heard that a domestic pulp manufacturer's dissolving pulp project began batch production. Demand for domestic dissolving pulp is weak, with low enthusiasm from manufacturers, and more inspections planned, reducing raw material needs.
Last week, the viscose short fiber market was largely stable, with manufacturers reluctant to lower monthly settlement prices due to new policies nearing announcement, despite sparse shipments. This week, manufacturers maintained a firm stance. Large order demands have been frequent recently, actively contacting manufacturers. This week, scattered order outright purchase prices were negotiated mostly around 18,500 yuan/ton or slightly lower. Viscose short fiber market prices were largely stable with minor fluctuations, with scattered orders negotiated mostly around 18,500 yuan/ton. It was heard that a mainstream large manufacturer negotiated monthly settlement prices around 18,200-18,300 yuan/ton. Additionally, large orders in Fujian and Taicang were actively negotiating with manufacturers.
On July 1, the overall trading atmosphere for viscose short fiber was average, with some manufacturers adjusting the provisional price for 1.5D viscose short fiber to 18,000 yuan/ton, and some lower transactions at 17,500 yuan/ton. The market still operates primarily through monthly settlements and price protections.
On June 24, the China Cotton Price Index CCIndex (Grade 328 cotton) closed at 24,421 yuan/ton, and by July 1 closed at 23,927 yuan/ton, falling 494 yuan/ton from June 24. On June 24, the China Cotton Price Index CCIndex (Grade 229 cotton) closed at 26,436 yuan/ton, and by July 1 closed at 26,077 yuan/ton, falling 359 yuan/ton from June 24. On June 24, the China Cotton Price Index CCIndex (Grade 527 cotton) closed at 22,335 yuan/ton, and by July 1 closed at 21,810 yuan/ton, falling 525 yuan/ton from June 24.
On June 29, most viscose short fiber manufacturers had no clear new policies, with 1.5D viscose short fiber mostly priced at 18,000-18,500 yuan/ton provisionally set for advance purchases, with an overall average trading atmosphere and some lower prices around 17,500 yuan/ton or below.
By July 1, the mainstream quotation for imported wood pulp was 1,770 USD/ton.
On June 28, the viscose short fiber market was busy with monthly settlements and invoicing, with trading atmosphere remaining weak. Most viscose short fiber manufacturers had no new policies for the next month, hearing that some manufacturers continued to maintain a bottom price at 18,200-18,300 yuan/ton.
Recently, the yarn market in the Xiaoshao region remains sluggish, with poor trading conditions persisting. With the conventional off-season approaching, production and operation rates are low, and trading volumes remain insufficient. Due to the larger decline in upstream cotton prices, viscose short fiber prices and volumes continue to fall. Recently, Xiaoshao region rayon yarn quotes have continued to fall, with larger declines around 600 yuan/ton, some varieties around 500 yuan/ton, and smaller declines around 200-300 yuan/ton. Trading volumes remain weak for some varieties. The rayon yarn market continues to show a sluggish trend, with insufficient trading. Recently, the Xiaoshao region rayon yarn market quotes have continued to fall, with fewer varieties seeing basic stability due to low inventory. The Xiaoshao rayon yarn market continues a sluggish trend, with relatively insufficient trading, downstream procurement mostly observing, some varieties selling relatively slowly, and inventory continuing to increase.
Recently, the decline in viscose short fiber prices has caused the rayon yarn market to remain sluggish, affecting market conditions. Recently, the rayon yarn market in the Jiangsu-Zhejiang region has remained sluggish, with rayon yarn prices falling, trading situations remaining insufficient, and trading still weak. Downstream procurement mostly observes, with multiple varieties sales remaining weak. Rayon yarn market procurement mostly observes, with trading situations still far from ideal. Downstream weaving factories produce according to demand, purchasing as needed, with low intentions to stockpile, and insufficient replenishment from market traders. The Jiangsu-Zhejiang rayon yarn market sees relatively popular sales of 30S varieties, with prices still falling.