Weekly Report: VSF (28th Nov~2nd Dec)
This week, VSF production and consumption is just on average and the price change was down at first, then stable. Currently, its mainstream negotiate price was around 15200-15500CNY, dropping by 300CNY. With the monthly settlement price put forward, which is mainly around 15500-16000CNY/t, the turn out is apparently increased by the weekend. Price offers are mostly firm.
At the beginning of the week, the upstream short staple cotton and cotton pulp price is still in a down trend. Yet, it does not attracted many VSF manufacturers that the turn out is till low. Afterwards, with the monthly settlement price and the preference policies put forward, VSF turn out is increased notably. Thus the stock level began to lower down. Moreover, the regulation of reserve deposit put forth by the government is undoubtedly good news to the market. It boosted downstream procurement, and the turn out is considerable. Some plants even lacks goods that caused some suppliers reluctant to sell up the goods.
VSF(1.5D) Price (Yuan/ton)
~VSF(1.5D)(Yuan/ton)
VSF upstream and downstream market analyze:
On upstream market, this week, short staple cotton price continue downward at the beginning of the week, for the influence of a depressed VSF market. Now short staple cotton is mainly offered around 3600CNY, long staple cotton is offered 3800CNY. By contrast, it dropped around 200CNY. Currently, operation rate in oil plants is extremely low in Xiajin area. As for cotton pulp, cotton pulp price this week is mainly stable, with individually dropped slightly and the overall trade atmosphere is just on average. Early of the week, the negotiate price is around 8300CNY, but for the boost of VSF in the second half of the week, the offer was increased to 8500CNY, comparing with that of last weekend, it dropped 200CNY.
As for the downstream market, cotton market is stabilized this week. Until the weekend, its price offer becomes stable. With the impetuous of a favorable macro economy, some regions have try to up regulate the price. Now China 328 grade cotton was offered 190006CNY, dropping by 81CNY in compare with that of last weekend. As for rayon yarn, rayon yarn sale changes little, and the market price is becoming stabilized. Currently, yarns plants’ order is few, and the deficit phenomenon is serious, thus caused some suppliers low priced the goods but reluctant to sell it. 30S for machine weaving in Xiaoshan market is offered around 19000CNY/t, and Fujian 30S for knitting is offered 19800CNY/t, which is keeping the level with that of last week.
Aftermarket outlook.
To sum up, VSF market change is quick. Now VSF price has stopped downward temporarily. Although plants are still in deficit, still in a low operation rate, for the boost of reserve deposit rate down regulation, VSF procurement will be enlarged in the short term. Under the work of the contradict factors, VSF price is expected to keep consolidation.
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文章关键词： VSF
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