Recently, industry leaders such as Xinxiang Chemical Fiber, Jilin Chemical Fiber and Siliya have increased the price of viscose filament by 1,000 yuan/ton. Viscose filament yarn is widely used in the field of medium and high-end clothing, and the current viscose filament production capacity in mainland China accounts for nearly eighty percent of the world, and the market share of the top two manufacturers in the domestic market is as high as 72.3%, showing a very high market concentration.
At present, the downstream market demand is strong, the popularity of new Chinese clothing continues to be hot, and the imbalance between supply and demand in the viscose filament market is expected to promote further product prices in the short term.
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Overview of the viscose filament yarn industry
Chemical fibers can be divided into man-made fibers and synthetic fibers.
Man-made fibers are based on raw materials containing natural polymer compounds (such as cellulose), such as cottonwood, bamboo, wood, etc., after specific chemical treatment and mechanical processing, viscose fibers and acetate fibers are typical representatives.
Viscose fibers occupy an important position in man-made fibers. Viscose fibers can be further divided into viscose filament and viscose staple fiber.
Viscose filament, also known as "rayon" or "biomass fiber filament", uses natural fibers such as cotton pulp and wood pulp meal as raw materials, and undergoes a series of chemical treatments, such as alkalizing and yellowing, to make a spinning stock solution, and then complete the production through wet spinning technology.
Viscose filament yarn has a special place in clothing raw materials due to its high-end and niche characteristics, and its texture is very similar to silk (silk), and is often used to weave silk and embroidery thread.
As an alternative to natural silk, viscose filament yarn not only feels smooth and cool to the touch, but also has good breathability and antistatic properties. Its moisture content is the closest to the physiological needs of human skin among all major textile fibers.
Viscose filament yarns are more expensive than viscose staple fibers, but they are also more polluting during their production. In order to standardize the development of the industry, in 2017, the Ministry of Industry and Information Technology issued the "Viscose Fiber Industry Standard Conditions", which clearly stipulates that new viscose filament production projects are prohibited, and specific requirements are put forward for the annual output of reconstruction and expansion projects, which further promotes the improvement of industry concentration.
Illustration of chemical fiber and viscose filaments:
Source: China Chemical Fiber Industry Association
The production of viscose filament yarns includes key links such as stock solution preparation, spinning and post-processing.
Among them, the spinning process is mainly divided into two types: continuous spinning and semi-continuous spinning. Compared with semi-continuous spinning, the continuous spinning process has advantages due to its short production cycle, low cost and excellent product quality.
The total demand for viscose filament yarn in mainland China is relatively stable, but the market demand for high-end products, especially ultra-fine denier and continuous spinning products, shows a significant growth trend.
From the point of view of product grade, viscose filament can be divided into one, two and three grades, at present, there is no normal production of three-grade filament enterprises on the market, mainly because of the high production cost of viscose filament, even if it is the lowest end of the product, its price is more than three times that of polyester, resulting in the downstream market for low-end products is not high.
Viscose filament industry chain diagram:
Source: Xingxingcha
Viscose filament industry competition pattern and leading carding
The world's major producers of viscose filament yarns are now only China and India, and China's production capacity is becoming more and more concentrated.
India's only three viscose filament producers are part of the Birla Group, and there is still a gap in domestic demand. Therefore, the current global supply of viscose filament yarns is mainly affected by China.
As the world's leading producer of viscose filament yarns, Continental's products not only meet the domestic market, but also are exported to South Asia, Southeast Asia, the Middle East and Europe.
The viscose filament industry in mainland China is dominated by five enterprises, and the current reshuffle of the viscose filament industry has been basically completed, a large number of backward production capacity has been eliminated, the market pattern is relatively stable, and the industry concentration is very high.
At present, there are only five viscose filament enterprises still in production in China, of which the first three - Xinxiang Chemical Fiber, Jilin Chemical Fiber and Yibin Siliya - together occupy nearly ninety percent of the total domestic production capacity, and it is expected that in the next few years, the control of leading enterprises in the market will be further enhanced.
Xinxiang Chemical Fiber firmly occupies the top position in the world's continuous spunbond filament production, and the company's continuous spinning process accounts for up to 70% of the production capacity. That's well more than twice the global average. According to the data of China Chemical Fiber Information Network in 2022, the viscose filament production of Xinxiang Chemical Fiber accounts for nearly 40% of the country's total output, and also includes 42% of the domestic cellulose filament export. Xinxiang Chemical Fiber's "Bailu" brand biomass cellulose filament has a rich variety and complete specifications, and has a great reputation in the global market.
Jilin Chemical Fiber's current annual production capacity of viscose filament is 80,000 tons, of which the continuous spinning process accounts for about 40%. The company's production line can be quickly switched according to the different feedings (cotton, wood or bamboo pulp), and its annual production capacity of viscose filament yarn is expected to reach 90,000 tons as the project under construction progresses. The company is export-oriented, and plans to continue to upgrade the "continuous, large-scale, homogenized, and fine-denier" of viscose filament. #人造纤维 ##服装##化工##财经#
Yibin Siliya Group Co., Ltd. is the world's leading supplier of bio-based cellulose fiber long and short yarns, Ya Group currently has more than 50 international leading technologies, more than 100 domestic leading technologies, and more than 1,100 independent intellectual property rights, with strong technical strength and innovation capabilities.
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