Cotton Lint Support Strong Viscose Prices Rose Slightly

According to the price monitoring of business, by June 10th, the average price of 1.2D*38mm viscose staple fiber in the domestic area was 9571 yuan / ton, up 43 yuan / ton, or 0.45%, compared with the beginning of June, down 18.89% from the same period last year. In early June, the price of viscose manufacturers remained stable, and the mainstream manufacturers reported 8800-9500 yuan / ton. Entering the textile off-season, demand for cotton yarn orders is generally low, and quotations are basically unchanged.

Last week (June 1-7), cottonseed resources were tight and dealers were reluctant to sell. The output of cotton lint is limited, the manufacturer sells the goods at a price, and the quotations of low inventories continue to rise, and the downstream purchasing behavior supports the price increase. But entering the textile off-season, the demand is mediocre, and the cotton lint rise is limited. Last week, industrial grade cotton lint was reported to be 3550-3650 yuan / ton, up 50-100 yuan / ton compared with the previous week. The distance from new velvet is longer, and cotton lint will remain stable and strong.

The price index of viscose staple and cotton yarn in June 10th was 96.65, unchanged from the previous day, a 3.72% decrease from the highest point in the cycle (2019-07-21), up 13.80% from the 84.93 lowest point on 2020 01, 2020. (Note: cycle refers to 2019-01-01 to date). By the end of June 10th, the average price of 30S cotton yarn in the lower reaches of Shandong was 13933 yuan / ton, which was the same as the price at the beginning of June, down 22.72% from the same period last year. The upstream raw material support is strong, but the order of cotton yarn orders is generally restored. The manufacturers consider it comprehensively, maintain the existing state, offer a firm price, and the price range is 12800-15000 yuan / ton.

Business analysts believe that cotton lint has a strong desire for price increase, but the demand for recovery from downstream needs time to recover. Viscose support is strong. Under the general orders, people's cotton yarn manufacturers are not willing to raise their prices, and prices are expected to operate steadily.