Apparel Market Recovery and Financial Overview
After heavy swings in the previous year, fiber and pulp prices
oscillated in a narrower range
Fiber prices in China
USD/kg, excl. VAT
Viscose
Cotton
Polyester
Dissolving hardwood pulp
4.00
3.50
3.00
2.50
2.00
1.50
1.00
0.50
1/20
7/20
SOURCE: CCFG; Cotlook; ICAC
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3 May 2023 34
Viscose
⚫ Chinese VSF market focused on domestic demand due to the
disappointing performance of foreign markets and the VSF price was
largely stable
Operating rates in Chinese VSF industry are currently fairly high and
exceeded 80 % in March
Discounts spurred sales and resulted in depleting inventories
sufficient for 18 days
Cotton
• The high price volatility as well as the stocks built up last year at high
prices remain challenging for cotton buyers
• Cotton like other commodities reacted strongly to external events
such as interest rate hikes and the banking crisis in March that
caused uncertainties in the international banking system
Polyester
• Price development was mostly driven by feedstock cost
Dissolving hardwood pulp
• New capacities and low paper pulp prices weigh on DWP prices
Lenzing
Innovative by nature
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