This week (September 16-20, 2024), the adhesive short fiber market continued to maintain a stable trend, with manufacturers mainly fulfilling orders and prices remaining stable. The market price of the main raw material dissolving slurry is firm and stable, with cost support still remaining. There is no obvious sign of improvement in the “Golden Nine” market, and the demand in the terminal market is flat. Cotton mills mainly consume raw material inventory, and the atmosphere of observation in the market is strong. The overall flow rate of goods in the market is stable, and the market price of adhesive short fibers has not changed much. In the future, attention should be paid to the follow-up of new orders from downstream cotton mills.

According to the Commodity Market Analysis System of Shengyi Society, the price of viscose staple fiber remained stable this week (September 16-20, 2024). As of September 20th, the domestic factory price for 1.2D * 38mm adhesive short fiber is 13640 yuan/ton, which is the same as last week’s price.

Cost side support still exists

The upstream raw material end main material dissolution slurry market is strong and stable. As of now, the price of domestic dissolution slurry is around 7800 yuan/ton, the price of outer broad-leaved slurry is around 960 US dollars/ton, and the price of coniferous slurry is around 1040 US dollars/ton. The cost side of the adhesive short fiber market is still supported by favorable factors.

Stable supply, low inventory

The supply of adhesive short fiber industry is at a high level, and most manufacturers have stable equipment operation. The on-site operating rate is at a high level, and the current daily operating rate of the industry is around 84.79%. The early parking and maintenance equipment in Xinjiang has not been restarted yet, and the overall market supply is high. The inventory levels of various adhesive short fiber manufacturers are low, and the on-site supply is slightly tight. The supply side provides some upward momentum for the market.

The demand has not shown significant improvement

Although it has entered the traditional peak season for textile production in September, there is no obvious sign of improvement in the textile terminal market. Downstream yarn manufacturers have insufficient new orders, making it difficult to increase their enthusiasm for raw material procurement. Manufacturers are holding on to signing orders for essential needs, and the new round of orders on site is expected to take about a month. The recovery of demand is not as expected.

Future forecast

The upstream main raw material market price of viscose staple fiber may remain high, and the supply in the market is relatively tight. However, the new round of signing orders in the downstream market has basically ended, and the peak season has arrived. There is an expectation of an increase in the operating rate of human cotton yarn factories, which will drive the consumption of viscose staple fiber. Therefore, it is expected that the demand for viscose staple fiber may increase in the later stage, but it is difficult for the demand side to improve significantly in the short term. Viscose staple fiber manufacturers mainly deliver orders, and business analysts predict that the focus of the domestic viscose staple fiber market will remain stable in the short term, with little price fluctuation. The price is expected to be in the range of 13600-13700 yuan/ton.