CICC: The current "high operating rate + low inventory" in the sticky fiber industry pay attention to price and profit recovery

Tianfeng Securities recently released a research report stating that viscose staple fiber is the main recycled fiber, and China is the main producer. In recent years, China's viscose staple fiber production capacity has been reduced, leading to a high industry concentration. Currently, the industry has "high production + low inventory", and attention should be paid to price and profit recovery. The downstream demand is mainly for yarn, with non-woven fabric providing additional demand. In the context of "anti-inner loops", it is recommended to focus on leading enterprises with scale advantages.