This week (December 2-6, 2024), downstream demand is limited, and the trend of the adhesive short fiber market remains stable. The market price of the main raw material dissolved slurry in the upstream remains stable and firm, with low inventory levels in the market. There is resistance from the downstream market, and demand for purchasing is limited. Under the game of positive and negative factors, the market price of adhesive short fibers has temporarily stabilized and consolidated.
According to the Commodity Market Analysis System of Shengyi Society, as of December 6th, the domestic factory price of 1.2D * 38mm adhesive short fiber is 13820 yuan/ton, and the price continues to remain stable.
In terms of cost: This week (December 2-6, 2024), the market price of adhesive short fiber raw material dissolution slurry remained stable, while the market price of auxiliary liquid alkali continued to decline. The market price of sulfuric acid continued to rise, and the market price of raw materials fluctuated. The average production cost of adhesive short fiber decreased.
On the supply side, the operating rate of the adhesive short fiber industry remained at around 84.9% this week, with a slight decrease in production compared to last week. During the week, some adhesive short fibers in Shandong region were parked for maintenance, resulting in a decrease in on-site supply.
In terms of inventory, the supply of adhesive short fibers in the market has decreased, but due to the end of previous orders, downstream replenishment enthusiasm is not high, and the speed of on-site shipment has slowed down, resulting in a narrow increase in inventory levels.
On the demand side: The downstream cotton yarn market has poor delivery speed and price stagnation is the main issue. Downstream yarn factories are facing a shortage of new orders, resulting in a continuous accumulation of finished product inventory and a low enthusiasm for replenishing raw materials. They are holding onto essential orders from multiple sources.
Future forecast
The main material dissolution slurry market is expected to continue its strong trend, while the auxiliary material liquid alkali and sulfuric acid markets are expected to consolidate within a certain range, resulting in average cost support. Due to equipment maintenance by some manufacturers, the supply of adhesive short fiber industry may still decrease, and market inventory may continue to be low, resulting in less pressure on on-site inventory; The demand in the terminal market has not improved significantly, and there is an increasing trend in the inventory level of yarn enterprises. Business analysts predict that in the short term, the domestic adhesive short fiber market will experience a slight weak consolidation, with prices expected to be between 13700-13900 yuan/ton.
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