Adhesive Price plummeted

According to business price data monitoring, as of May 22, 1.2D viscose staple Fiber Domestic factory price of 12388 yuan/ton, a decrease of 3.21%, the decline of 412 yuan/ton, compared with the same period last year, decreased by 18.49%, a decrease of 2812 yuan/ton, the decline was large to surprising.

Mid-end Factory quotation 11900-12300 yuan/ton, high-end factory quotation 12400-12800 yuan/ton, the actual transaction price discount of 200-300 yuan/ton. Upstream cotton short velvet domestic market price to maintain stability, local small rise.

PVA 0599 (PVA BF05)

Cotton oil plant Start-up rate is low, resulting in cotton short velvet production is very low, support cotton short velvet market, has long been affected by environmental protection inspection, downstream start rate has been low, and imported short velvet price is low, manufacturers purchase high-priced short velvet discreet, market transactions Limited, suppress domestic short velvet prices, expected short-term or volatile finishing. Due to the recent serious loss of viscose staple fiber price, some factories have been discontinued in a small area. Among them, Nanjing chemical Fiber recently announced that since the second half of 2018, Viscose staple fiber market continued to be depressed, the company Viscose staple fiber product sales difficulties, inventory continued to rise, the company decided to temporarily cut off from now on the inspection of the inventory. The company will determine the recovery time according to the adhesive staple fiber market situation, the estimated shutdown time does not exceed three months.


Since October last year, Nanjing Chemical Fiber has been shut down the annual production capacity of 80,000 tons of viscose filament production line, the end of last year completed the transfer of the ownership of the Orchid (Nanjing) stake in all the relevant procedures, no longer hold the LAN Jing (Nanjing) equity. Downstream 30S Cotton yarn as of May 22, Shandong region factory average price of 18200 yuan/ton, a decrease of 4.46%, decreased by 850 yuan/ton, compared with the same period last year decreased by 9.19%, the decline of up to 1842 Yuan/ton. Most of the factory quotes are more concentrated, the mid-end factory quoted 17500-18000 yuan/ton, high-end factory quotes 18100-18800 yuan/ton. By the further deterioration of Sino-US trade relations, market pessimism permeated, the domestic yarn market almost all fell, some yarn type prices fell sharply.

First at home and abroad cotton prices plummeted, yarn costs with the same drop; second, cotton yarn futures prices plunged sharply; third, Chinese and foreign yarn inventory hit an all-time high, leading to the recent yarn market bearish overlay. To sum up, upstream cotton short velvet prices have been crushed, viscose from the second half of 18 began to produce enterprise product inventory continued to rise, production capacity concentrated, resulting in the viscose staple fiber market oversupply, late start rate decline, downstream yarn is also internal, spot futures all the decline, coupled with the current Sino-US trade relations, bearish textile industry, Forcing many people in the industry to withdraw from the adhesive market. The late adhesive is expected to continue to decline, the actual transaction price in the vicinity of 12000 yuan/ton.