From 8,300 yuan per ton in August last year to nearly 15,800 yuan per ton currently, the price of viscose staple fiber has increased by nearly 90% in half a year!
Viscose staple fiber is currently quoted at 15,500 yuan / ton – 15,800 yuan / ton, an increase of more than 4,000 yuan / ton since the beginning of 2021. Source: Baichuan Yingfu
“We have basically had zero inventory since September last year, and have been at full production and full sales.” On February 25, a production company The person in charge of the listed company of rubber staple fiber told the Shanghai Stock Exchange reporter.
According to the reporter’s investigation, this company’s situation is not unique. With the overall recovery of the textile industry, increased overseas demand, and the arrival of the traditional peak season for chemical fiber, domestic viscose staple fiber manufacturers are currently booming in both production and sales, and inventories are at low levels.
Short fiber prices still have room for upward growth
Viscose staple fiber is commonly known as “artificial cotton” , is a regenerated fiber of natural cellulose.
The downstream of viscose staple fiber is mainly used in human Cotton yarn, blended yarn and other yarns and non-woven fabrics. Source: Baichuan Yingfu
Before this round of price increases, the viscose fiber industry had experienced a long period of downturn. As competition intensified, Enterprises with small production capacity and weak financial strength gradually exited, and a number of weak enterprises were successively acquired and integrated by larger and stronger enterprises.
According to statistics, the total production capacity of my country’s viscose staple fiber industry in 2020 was approximately 5.21 million tons/year, with an output of 3.812 million tons, and the annual capacity utilization rate dropped by 10.5%. to 73.2%.
The turning point occurred in the second half of 2020. On the one hand, the export demand for viscose staple fiber is good after August. In 2020, domestic viscose staple fiber exports were 364,000 tons, a year-on-year increase of 3.0%; on the other hand, the downstream textile exports of viscose staple fiber were good, from January to December 2020. , my country’s cumulative export volume of textiles and clothing was US$291.22 billion, a year-on-year increase of 9.6%. Among them, in December last year, my country’s textile and apparel exports were US$26.2 billion, a month-on-month increase of 6.6%.
Is there room for viscose staple fiber to continue to rise in the future? Many institutions have given optimistic forecasts.
From a cost perspective, the current cotton price is around 16,200 yuan/ton, still near the cost line, and there is still room for price growth. Cotton-viscose price difference It is expected to continue to narrow, the price of downstream cotton yarn will rise sharply, and the price will be transmitted downward smoothly.
From the demand side, about 60% of the downstream of viscose staple fiber is rayon yarn. Affected by the epidemic, the demand for spunlace non-woven fabrics has increased significantly, driving the viscose staple fiber market. Demand recovers.
From the supply side, there is almost no expectation of new production capacity in the entire industry in 2021. Excluding long-term parking capacity, viscose staple fiber production capacity is expected to decrease in 2021 to 5.085 million tons.
Guosen Securities believes that the current domestic viscose staple fiber inventory is only about 5 days. After the Spring Festival, it will be the traditional peak season for chemical fibers, which will add to the demand for inventory replenishment in the industrial chain. In addition, in the future, There is no new production capacity of viscose staple fiber in one year, and the price of viscose staple fiber is expected to continue to rise.
Leader in viscose staple fiber industry, full production and sales
Sanyou Chemical: viscose The staple fiber production line is operating at full capacity
Since last autumn, large trucks from all over the country have been arriving in front of Sanyou Yuanda Fiber Company in Caofeidian Nanbao Industrial Development Zone, Tangshan. Continuously.
“With the recovery of the domestic textile industry, the downstream demand for viscose staple fiber has surged. This is the scene at the door of the company every day. The company’s viscose staple fiber The production line has been running at full capacity since last autumn,” a source told reporters.
On February 23, the company announced to investors The interactive platform also stated that the viscose staple fiber production capacity is 780,000 tons/year, and it is currently in full capacity, with prices following the market.
Sanyou Chemical is the domestic leader in soda ash and viscose. The reporter learned from the interview that Sanyou is currently the only company in China that can produce three generations of viscose products (ordinary viscose staple fiber, modal viscose staple fiber, and lyocell fiber) at the same time. The main products can be customized to meet customer personality. needs.
Zhongtai Chemical: The company’s viscose staple fiber and yarn inventory is currently low
Sincethesecondhalfoflastyear,ZhongtaiChemical’ssharepricehasdoubled.Source:Wind
Afewdaysago,ZhongtaiChemicalstatedontheinvestorinteractiveplatformthatthecompany’sviscosefiberproductioncapacityis730,000tons/year,andthecurrentoperatingrateofthecompany’sequipmenthasincreased.Improveproductsalesasthemarketchanges.Thecompanystatedinitslatestinvestorrelationsactivityrecordthatattheendof2020,theimplementationoftheplasticrestrictionorderandthebanonsolidwasteimportsincreasedthedemandforpulp.Pricesarerisingatanacceleratedpace,woodpulpsupplyisintensifying,andviscosestaplefiberpricesarealsorisingatanacceleratedpace.
Previously,thecompanyissuedarevisedannouncementforthe2020performanceforecast,andtheexpectednetprofitattributabletotheparentcompanyin2020willbefromalossof550millionyuanto380millionyuan(ayear-on-yeardecreaseof260.33%-210.75%)wasrevisedtoaprofitof100millionyuan-150millionyuan.Amongthem,thesingle-quarternetprofitinthefourthquarteroflastyearisexpectedtobe546millionyuan-596millionyuan,ayear-on-yearincreaseof609millionyuan-659millionyuan,andamonth-on-monthincreaseof686millionyuan-736millionyuan.Thecompanysaidthatinthefourthquarterof2020,thepricesofPVCandviscosefiberincreased,andprofitabilityincreased.
NanjingChemicalFiber:Thefirstphaseofthe40,000-tonlyocellfiberprojectisunderconstruction
NanjingChemicalFiberhasaproductioncapacityofviscosestapleyarnof80,000tons/year,anditsproductioncapacityranksinthemiddleoftheindustry.
A few days ago, the company stated on the investor interaction platform , the company plans to invest in the construction of a 200,000-ton lyocell fiber project in Nanjing Liuhe Factory, which will be constructed in three phases: the first phase of the 40,000-ton project is currently under construction. After the first phase of the project is put into operation, the second phase will be planned to have an annual output of 6 10,000-ton project. It is planned to start the construction of the third phase of the 100,000 tons annual output project at the end of the 14th Five-Year Plan.
Aoyang Health: Viscose staple fiber sales are good
Aoyang Health stated on the investor interaction platform that the company has a viscose staple fiber production capacity of 320,000 tons/year. The company has previously stated that after the viscose staple fiber industry has experienced a three-year recession cycle, the market is relatively optimistic about the current and subsequent price increases. At present, the company’s viscose staple fiber sales are in good condition.
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