Viscose Staple Fibre Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Viscose Staple Fibre in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Viscose Staple Fiber Price Trend for the October - December of 2023

Asia

The dumping activities of China in India raised the concerns of the traders as the domestic prices of viscose staple fiber were higher than the imported volumes. In the last quarter, the downstream industries in India had to reduce their operating rate by as much as 70%.

Viscose Staple Fibre Price Chart

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In view of the rise in inventories, the Indian viscose staple fiber traders had to reduce their price quotations and offer discounts on their produce in order to remain in competition. Further, consumer confidence in the industry also fluctuated on the back of limited improvement in the economic indicators of the Asian countries.

Europe

The prices for viscose staple fiber fell in Europe as a result of both the slowdown in the textile industry and consumer budget limitations brought on by inflation. Traders became concerned when certain downstream sectors reduced their production capacities as a result of the ensuing financial crisis. Significant discounts were provided in order to maintain market conditions, which caused the price trend of viscose staple fiber to decline.

North America

The low confidence in downstream industries and a fall in market competitiveness plagued North America throughout the first part of the fourth quarter. The decline in feedstock industry support also influenced the price fluctuations of viscose staple fiber.

On the other hand, the rise in production activities increased stock levels, which made the overstock problem worse in a market where demand was not as strong. As the quarter approached its end, the dynamics of viscose staple fiber shifted upwards but not as steeply as the traders would have needed.

Analyst Insight

According to Procurement Resource, the price trend of Viscose Staple Fiber are estimated to struggle with the limited number of inquiries from the downstream industries and fluctuating costs of raw materials around the globe.

Viscose Staple Fibre Price Trend for the July-September of 2023

Asia

While the inventories rose significantly in the third quarter, the consumer sectors failed to meet the expectations of the market and thus caused the viscose staple fiber price trend to move southwards.

During this quarter, the global recession also had a noteworthy influence on the demand from overseas players. Additionally, due to a slowly moving industrial sector, consumers remained cautious while placing orders in bulk. However, in the last months, the viscose staple fiber price graph moved upwards amid a decline in the efficiency of the supply chains and subtle improvement in the end-user drying and printing sectors.

Europe

The pressure of inflation lowered the spending budget of consumers, and, long with this, the downhill movement of textile industries proved to be some of the most prominent causes of the downward movement of viscose staple fiber price trend. Some of the downstream industries had to reduce their production capacities amid a financial crisis that further concerned the traders. In order to keep the market conditions afloat, the traders offered huge discounts thus causing the viscose staple fiber price trend to trace a downward trajectory.

North America

The initial phase of the third quarter struggled with the feeble sentiments of the downstream industries and a fall in the competitiveness of the market. The cost support from the feedstock industries also slid downwards, hampering the growth of viscose staple fiber price trend.

On the other hand, the supply chains worked at par efficiency only to cause an inclination in the inventory levels. The excessive oversupply and muted demand thus were the major contributors to the downfall of the viscose staple fiber market. In the second half of this quarter, the viscose staple fiber price trend gained momentum with a rise in the number of offtakes from the textile industries and production costs.

Analyst Insight

According to Procurement Resource, the price trend of  Viscose Staple Fiber are expected to oscillate amid fluctuating demand dynamics and uncertainty in the downstream industry demand.

Viscose Staple Fibre Price Trend for the First Half of 2023

Asia

Viscose Staple Fibre is a biodegradable cotton-like but more sustainable fibre, which is used in the production of various fabrics like tyre cords, multipurpose wipes, and medical products and is used even in silk treatment. Viscose Staple Fibre observed mixed price trend during the said period in the Asian region, especially China.

In the first quarter, manufacturers were hesitant to increase production as returns were not assured amid a gloomy demand outlook. However, even with limited demands, the prices inclined in the first quarter because of constricted supplies. But as the quarters shifted and supplies were restored, there was still no improvement in queries from consuming sectors, so the prices declined in the second quarter. Overall, market sentiments were observed to be dull and muted.

Europe

European Viscose Staple Fibre market trend almost replicated the Asian market trend as the prices grew in the first quarter and declined in the second. As the European market struggled severely with high inflation and crude oil prices all through 2022, demand destruction pushed the prices down. But as the crude oil prices started stabilizing in 2023, there was fresh demand for Viscose Staple Fibre, and prices grew during Q1. However, the rise in inventory levels pushed the prices down again in the second quarter.

North America

The North American Viscose Staple Fibre market could not behave any differently than the other global markets. Asian exports contribute to most of the American Viscose Staple Fibre supply. So, the price trend varied throughout the initial two quarters of 2023.

Analyst Insight

According to Procurement Resource, the Viscose Staple Fibre price trend are likely to continue varying in the upcoming months as well, given the current pricing fundamentals.

Procurement Resource provides latest prices of Viscose Staple Fibre. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.