February 1St Market Morning Post: Cautious Attitude Towards Viscose Staple After Market
Varieties | January 31st price | Ups and downs | Company | |
raw material | Dissolving pulp | Seven thousand two hundred and fifty | Zero | Yuan / ton |
Hardwood pulp | Eight hundred and ninety | Zero | US dollar / ton | |
Coniferous pulp | Nine hundred and ten | Zero | US dollar / ton | |
fibre | Viscose staple fiber | Thirteen thousand and three hundred | Zero | Yuan / ton |
3128B lint | Fifteen thousand four hundred and ninety-eight | Zero | Yuan / ton | |
Psf | Eight thousand eight hundred and fifty | Zero | Yuan / ton | |
yarn | Ring R40S | 19700-20400 | Zero | Yuan / ton |
Ring T32S | 13300-13500 | Zero | Yuan / ton | |
T/C 65/35 32S | 17800-18500 | Zero | Yuan / ton | |
Macro news | The US stock market hit the best in 1987. In January, the index rose nearly 1.4% on a single day. The stock price rose collectively, Facebook rose more than 10%, General Electric increased 11%, and the offshore renminbi reached a new high in July last year. Amazon's year-end shopping season hit a record, but its profit growth engine slowed down, performance guidelines grew at a low level, and its share price fell more than 5% after a concussion. In November last year, China reduced its US debt for six consecutive months, and Japan increased its holdings for the first time in four months. The GDP growth rate in the euro area has reached a four year low and Italy is in a technical recession. | |||
Forecast today | Viscose staple fiber industry losses did not cause a sharp decline in the industry's start-up, so most of the industry is still cautious about the post holiday market. | |||
Industry start up rate | ||||
industry | One 30 June | One 31 June | Percentage change | |
Viscose staple fiber | 81% | 81% | 0.5% | |
Psf | 77.6% | 76.3% | -1.3% | |
loom | 23% | 18% | -5% | |
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