The domestic spandex market continued to maintain stability. Today (October 21), the average market price was 80,600 yuan/ton, a year-on-year increase of 128.98%. The operating rate of the spandex factory is 75%, the spot supply is acceptable, and the cost support still exists, but the end market continues to just need to follow up, and the wait-and-see sentiment is heavier.
The upstream raw material market fluctuates on the upper side, and the PTMEG market is the main price. The mainstream factories with 1800 molecular weight sources offer around 46,000-49,000 yuan/ton, and the real order negotiation refers to 45,000-48,000 yuan/ton. However, the negotiating atmosphere in the pure MDI market has diminished, and traders’quotations have been lowered.
Downstream customers have limited intent to obtain goods, and it is heard that demand has recovered slightly, and there has been a slight replenishment action. The factory is cautious about receiving new orders, and mainly produces pre-orders. The "Double Eleven" e-commerce clothing orders and winter home textile orders have rebounded from the previous month, but they are still not good year-on-year. The current comprehensive operating rate of Jiangsu and Zhejiang looms is 55%.
Recently, domestic spandex market prices have not changed much, and manufacturers have resumed operations one after another. The supply of goods is sufficient, and individual spandex manufacturers have flexible shipments. Overall, there is still a good support on the cost side, but due to insufficient downstream demand, it is expected that the price of spandex will be weak and fluctuating in the short term.
