Guojin Securities: The supply structure of viscose short fiber continues to be optimized, and the industry's prosperity is expected to improve under the background of "low inventory and high start-up rate".

Guojin Securities released a research report stating that from the supply side perspective, the concentration of the viscose staple fiber industry continues to increase and new production capacity is limited in the short to medium term, highlighting the advantages of leading companies; from the demand side perspective, in the short term, the viscose staple fiber industry is in a state of "low inventory + high production", and downstream demand is expected to enter the peak season. In the medium to long term, the continuous increase in nonwoven fabric production and the increase in penetration rate of viscose staple fibers are expected to drive the continuous growth of demand for viscose staple fibers. Considering that the overall profitability of the industry has gone through a long period of bottoming out, viscose staple fibers are expected to achieve a certain degree of phased price increase. It is recommended to pay attention to relevant targets with a layout of viscose staple fiber production capacity.