After returning from the new year’s Day holiday in 2022, there was a temporary shortage of spot goods, and manufacturers successively raised their quotation. On January 5, it was basically raised to about 12500 yuan / ton, with limited signing. This week (January 10-14), mainstream manufacturers raised again slightly to about 12800 yuan / ton, continuing the limited signing status, but lack of spot, so it is difficult to actually clinch a deal. The Spring Festival is approaching, and the downstream goods are prepared after the Spring Festival. The follow-up is mainly collection and delivery. In a comprehensive view, the price increase kinetic energy of viscose staple fiber is insufficient, or it may encounter resistance level temporarily.

According to the price monitoring of business society, as of January 14, 2022, the domestic ex factory quotation of 1.2D * 38mm viscose staple fiber was 12720 yuan / ton, an increase of 320 yuan / ton compared with last Friday and about 540 yuan / ton compared with new year’s day, an increase of 4.43%.

Downstream cotton yarn Market

The downstream man-made cotton yarn has not been affected by the upward movement of viscose staple fiber quotation, and the price and quantity are stable. As of January 14, 2022, the ex factory average price of man-made cotton yarn (30s, ring spinning, first-class products) is 18266 yuan / ton. The downstream terminal is mainly prepared before the festival, and the overall atmosphere is calm.

Future forecast

The recent price rise of viscose staple fiber is insufficient, and it is afraid to encounter a resistance level of 13000 yuan / ton. Downstream goods have been prepared after the Spring Festival, and the follow-up is mainly collection and delivery. With the Spring Festival approaching, logistics in some areas may have a holiday. It is expected that the viscose staple fiber market will stabilize in the later stage.