Core Insights - Circulose and Jilin Chemical Fiber (JLC) have formed a strategic partnership for the exclusive marketing and sale of Jirecell globally from 2026 to 2028, aiming to scale production to meet international demand for sustainable alternatives to synthetic fibers [1][3] - The current composition of viscose filament yarn includes 70% FSC-certified wood and 30% recycled cotton Circulose pulp, with a target to increase recycled input to 50% [2] - JLC has committed to purchasing increasing volumes of Circulose pulp annually, which is made from 100% recycled textiles, to enhance its fiber portfolio [4] Company Developments - Circulose, emerging from bankruptcy under private equity firm Altor, views this partnership as a cornerstone for accelerating the transition to circularity in the industry [3] - The partnership is expected to support the scaling of viscose filament yarn production using Circulose, ensuring necessary volume for Circulose's factory [3] - JLC's expansion plans for next-generation man-made cellulosic fiber (MMCF) product lines aim to increase production capacity to 10,000 metric tons annually, with potential for an additional 10,000 metric tons of Jirecell [5] Industry Context - The collaboration between Circulose and JLC is seen as a positive signal of growing momentum within the MMCF sector, emphasizing the importance of scaling next-generation materials [6] - JLC's efforts to reduce reliance on Ancient and Endangered Forest inputs align with broader industry trends towards circular cellulose solutions [5][6]

Market Overview - The three major A-share indices collectively declined on the 26th, with the Shanghai Composite Index down by 0.65%, the Shenzhen Component down by 1.76%, and the ChiNext Index down by 2.6% [2] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets was 21,661 billion yuan, a decrease of 2,257 billion yuan compared to the previous day [2] - Over 3,400 stocks in the market experienced declines [2] Sector Performance - The wind power equipment, chemical fiber, agricultural chemical products, soybean, textile manufacturing, and military equipment sectors saw the largest gains [2] - Conversely, the gaming, computing hardware, photolithography, and consumer electronics sectors experienced significant pullbacks [2] Notable Stock Movements - Stocks related to computing hardware, such as copper cable high-speed connections, CPO, and liquid-cooled servers, collectively weakened, with companies like Zhongheng Electric, Lianang Micro, and Qingshan Paper hitting the daily limit down [2] - Several technology stocks, including Inspur Information and Industrial Fulian, also faced declines [2] - In the gaming sector, individual stocks like G-bits hit the daily limit down, while Kunlun Wanwei, Xinghui Entertainment, and Sanqi Interactive Entertainment saw significant drops [2] Strong Performers - The wind power equipment sector performed strongly, with Weili Transmission hitting the daily limit up, and companies like Jixin Technology and Mingyang Smart Energy also performing well [2] - The chemical fiber sector was active, with Shunma Co., Sanfangxiang hitting the daily limit up, and companies like Xin Fengming, Xinxiang Chemical Fiber, and Tongkun Co. showing notable gains [2]

Market Overview - The three major A-share indices collectively declined, with the Shanghai Composite Index down 0.65%, the Shenzhen Component Index down 1.76%, and the ChiNext Index down 2.6% [1] - The North Stock 50 Index fell by 1.81% [1] Trading Volume - The total trading volume in the Shanghai, Shenzhen, and Beijing markets was 21,661 billion yuan, a decrease of 2,257 billion yuan compared to the previous day [2] - Over 3,400 stocks in the market experienced declines [2] Sector Performance - Wind power equipment, chemical fiber, agricultural chemical products, soybeans, textile manufacturing, and military equipment sectors showed the highest gains [2] - Conversely, the gaming, computing hardware, photolithography, and consumer electronics sectors faced the largest declines [2] Notable Stock Movements - Stocks related to computing hardware, such as copper cable high-speed connections, CPO, and liquid cooling servers, collectively weakened, with companies like Zhongheng Electric, Lianang Micro, and Qingshan Paper hitting the daily limit down [2] - Several technology stocks, including Invidk, Langchao Information, and Industrial Fulian, also experienced pullbacks [2] - The gaming sector saw significant adjustments, with Jibite hitting the daily limit down and companies like Kunlun Wanwei, Xinghui Entertainment, and Sanqi Interactive Entertainment showing notable declines [2] Resilient Sectors - The wind power equipment sector surged against the trend, with Weili Transmission hitting the daily limit up, and companies like Jixin Technology and Mingyang Smart Energy also performing well [2] - The chemical fiber sector was active, with Shima shares and Sanfangxiang hitting the daily limit up, while companies like Xin Fengming, Xinxiang Chemical Fiber, and Tongkun shares showed significant gains [2]

Market Overview - The three major A-share indices collectively declined on the morning of the 26th, with the Shanghai Composite Index down 0.18%, the Shenzhen Component Index down 0.79%, and the ChiNext Index down 1.17% [2] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 1.3818 trillion yuan, a decrease of 174 billion yuan compared to the previous day [2] - Over 2,500 stocks in the market experienced declines [2] Sector Performance - The wind power equipment, chemical fiber, military equipment, agricultural chemicals, and soybean sectors showed the highest gains [2] - The gaming, copper cable high-speed connection, photolithography machine, liquid cooling server, and CPO concept stocks faced the largest declines [2] Notable Stocks - The wind power equipment sector saw significant strength, with Weili Transmission hitting the daily limit up, and stocks like Rihua Co., Dayue Shares, and Mingyang Smart Energy also reaching the daily limit [2] - The chemical fiber sector collectively rose, with Shunfa Co., New Fengming, and Sanfangxiang hitting the daily limit [2] - The military equipment sector experienced intraday gains, with Hangyu Technology, Hangya Technology, and Jialiqi leading the increases [2] - Other sectors such as semiconductors, soybeans, and agricultural chemicals also showed some fluctuations [2] Declining Sectors - The gaming sector underwent a collective adjustment, with Jibite hitting the daily limit down, and stocks like Kunlun Wanwei, Xinghui Entertainment, and Sanqi Interactive Entertainment also declining [2] - Photolithography concept stocks similarly retreated, with Kaimeteqi hitting the daily limit down, and Hongtian Shares, Wavelength Optoelectronics, and Lante Optics experiencing significant drops [2]

Group 1 - The main contract for short fiber futures showed a strong fluctuation, reaching a peak of 6528.00 yuan and closing at 6500.00 yuan, with an increase of 1.31% [1] - Supply side: Short fiber production load increased to approximately 96.2%, up by 2.1% month-on-month [1] - Demand side: Operating rates in Jiangsu and Zhejiang remain stable, with spinning at 80%, weaving at 69%, and dyeing at 77% [1] Group 2 - The short fiber price is expected to follow fluctuations in crude oil prices due to OPEC's decision to maintain production quotas [2] - China's polyester short fiber production was 161,400 tons, a decrease of 550 tons or 3.30% month-on-month, with an average capacity utilization rate of 85.33%, down by 2.91% [2] - Inventory levels: As of May 22, the factory equity inventory for polyester short fiber was 9.38 days, a decrease of 0.07 days, while physical inventory was 18.11 days, down by 0.13 days [2]