The viscose staple fiber industry meeting, attended by 11 leading manufacturers, was held in Beijing on the 21st. At the meeting, it was proposed that the offer price be raised collectively by RMB 500/t. On the second day after the meeting, Xinxiang Chemical Fiber, Three Friends of Tangshan, Suining Aoyang, Hengtian Hailong and many other manufacturers paid cash on the market. This may imply that the turning point of the industry is approaching.
In recent years, the viscosity of the viscose industry has remained low and prices have remained low for a long period of time. However, the demand for high-end differentiated viscose staple fibers continues to increase. Previously, the Ministry of Commerce imposed anti-dumping duties on imports of pulp, which put pressure on the cost of viscose enterprises that rely heavily on imported pulp. In addition to the traditional peak season in April, many downstream textile companies believe that the price of viscose staple fiber has been at the bottom, and decisively restocking the inventory, which all create conditions for viscose enterprises to raise prices.
Sanyou Chemicals related parties have confirmed that the company’s conventional varieties of viscose staple fiber were slightly increased in price, ranging from RMB 200 to RMB 300/ton. The industry conference reached a consensus that it is necessary to curb low-price competition in the industry, strengthen self-discipline in the industry, and gradually achieve profitability. At the meeting, the parties proposed a collective increase of RMB 500/t.
Just one day later on the 22nd, the above price adjustment was promptly honored, and the execution price was firm. After the price increase, Xinxiang Chemical Fiber and Jiangsu Xiangsheng viscose staple fiber 1.5D*38mm offer are all 12,100 yuan/ton, 1.2D*38mm quotation is 12,200 yuan/ton; Tangshan Sanyou's above-mentioned quotation are both 12,300 yuan/ton. . The enterprises participating in the price increase also include Jiangxi Satellid, Xinjiang Fulida, Suining Aoyang, Xinjiang Yinying, Nanjing Chemical Fiber, Hengtian Hailong, Zhejiang Fulida, etc., covering almost all of the leading domestic manufacturers.
The price increase is mainly due to the dual reasons of upstream cost promotion and downstream textile companies purchasing. In the future, whether the inflection point can be clearly defined depends on the downstream demand. Analysts think so.
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