According to the CITIC Securities Research Report, export demand continues to grow and stock supply is close to full capacity, and the viscose filament industry is expected to enter a phase where supply and demand are tight and prices are rising. The increase in traditional clothing consumption in India is driving the export volume of Chinese viscose filament. The industry's export volume increased 18.2% year on year to 114,000 tons in 2025, and further increased by 30.9% year on year in the first half of 2026. Meanwhile, the domestic industry operating rate has risen to 89.8% in 2025, and semi-continuous spinning production capacity may face pressure from policy elimination, environmental protection transformation and relocation. We expect the industry to show a gap between supply and demand in 2026-2028, and product prices will be upward elastic. We focus on recommending leading companies.

According to the CITIC Securities Research Report, export demand continues to grow and stock supply is close to full capacity, and the viscose filament industry is expected to enter a phase where supply and demand are tight and prices are rising. The increase in traditional clothing consumption in India is driving the export volume of Chinese viscose filament. The industry's export volume increased 18.2% year on year to 114,000 tons in 2025, and further increased by 30.9% year on year in the first half of 2026. Meanwhile, the domestic industry operating rate has risen to 89.8% in 2025, and semi-continuous spinning production capacity may face pressure from policy elimination, environmental protection transformation and relocation. We expect the industry to show a gap between supply and demand in 2026-2028, and product prices will be upward elastic. We focus on recommending leading companies.