Demand side nibble tube paper market
The tube paper is mainly used in the production of cores and pipes. The Chinese economy is developing, the use of paper tubes is becoming more and more widespread, and the amount of paper tubes is increasing. Among them, the tubes for chemical fibers and the tubes for textiles account for the highest proportion.
Recently, the market for the tube paper market has been weakly declining. The prices of paper mills have been continuously lowered. The paper mills have indicated that the downstream demand is not the main reason for the lowering of the tube paper. Below we will learn from the chemical fiber and cotton spinning industries.
Cotton spinning market
This week, the cotton yarn market price was stable and weak, and the light trading pattern continued. Recently, the cotton spinning industry started to maintain a steady growth of 6-7 percent, with an average stock of 30 days. In a limited demand environment, market competition has become more intense, and the status of the production of cotton yarn enterprises has been highlighted. As the price of raw materials is lower, in order to absorb orders and strengthen core competitiveness, the market price center of gravity continues to shift downwards, but the downstream buying mentality is not strong, and market transactions are difficult to increase. At present, the average price of domestically produced yarn card with 32 cotton yarns is 23,850/ton, which is 0.06% lower than the previous month and up 1.20% year-on-year.
Chemical fiber market
Table 1 nylon weekly price statistics
This week, the domestic nylon yarn market fluctuated downwards. The average operating rate of the market was about 75%, which was the same as last week, with an average inventory of 23 days. The current raw material market is weak, the support of the cost end of nylon yarn is weakened, and the spot supply in the market is stable. However, the actual order receipt in the terminal market is not good. The manufacturers are more effective in reducing inventory, and the low-priced goods are more common. The market is more chaotic. Need to talk in detail.
Table 2 Polyester filament weekly price statistics
This week, the market for polyester filament yarns fluctuated within a narrow range. The average operating rate of the market was 78.9%, down 1.7 percentage points from the previous month, and the average inventory was around 20 days. Last Friday, the China Securities Regulatory Commission approved the ethylene glycol futures trading on December 10, the spot price of ethylene glycol rose rapidly, while the PTA futures and spot activity climbed, pushing the price of polyester factory products to be stable last weekend and this Monday. rise. However, the international oil price has once again suffered a sell-off. This year's gains have all been retreated, which has created a bearish impact on the polyester-related product market. The price of polyester raw materials PTA and MEG has fallen, and the terminal textile market is still tepid, which together leads to long polyester. The silk market price was adjusted downward again.
Table 3 Spandex weekly price statistics
This week, the market for spandex is still weak, and trading is sluggish. The average operating rate of the market is about 80%, which is 2 percentage points higher than last week, and the average inventory is about 46 days. The average price of spandex market this week was 40,000/ton, 38,500/ton, and 33,500/ton, which was the same as last week. The low-price transaction on the market was also heard. At present, the start-up of the spandex market equipment has remained basically stable, the spot supply in the market is still sufficient, and the manufacturers are more active in shipping. However, the actual terminal orders in the terminal market are not good, the manufacturers are storing pressure, and the operating rate in the terminal market is low. There is still a certain lack of strength in the overall market. The parties are slightly pessimistic about the market outlook, and the single transaction is flexible.
to sum up
The cotton spinning industry market is light, the chemical fiber industry is weak and the trading is sluggish, and the direct effect is the reduction in the use of paper tubes.
The price of yarn tube paper has increased since the second half of 2016. After experiencing the increase in the price of yarn tube paper in 2017, the new production capacity of the tube paper market in 2018 is more. In the case of a decrease in downstream demand, the increase in production capacity makes paper. The supply pressure of the factory has risen, and the market for the tube paper market is in a pattern of supply and demand.
Late market outlook
At present, the pressure on paper mills is widespread, and more active shipments are the main ones. The profits from the transactions are more, but the downstream demand is insufficient. The paper tube factory only needs the goods just enough, and the transaction volume is not. The price of raw scrap yellow sheet paper is weak and oscillating, and the cost side support is limited. It is expected that the short-term yarn tube paper market will have insufficient rotation force, and it will continue to stabilize and fluctuate downward.
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