Since September, the domestic spandex market has stopped falling and risen, with a relatively slow rise in the first ten days and an obvious rise in the last ten days. According to the price monitoring of SunSirs, as of September 29, the average market price of the spandex was 35,000 RMB/ton, up 7.03% from the beginning of the month and down 56.58% year on year.
Analysis review
The load of the spandex plants increased, the industry operating rate increased to 61%, and the market supply was sufficient. The price of raw materials was strengthened, and the cost side was favored to support. In addition, the terminal in "Golden September" warmed up, downstream customers were active in taking goods, the pressure on the inventory of spandex gradually eased, and the inventory of individual specifications and models was tight. The spandex offer of spandex manufacturers rose, and the current market as a whole showed signs of improvement.
High cost and tight spot were good for supports. Traders were reluctant to sell and pulled up the price. The raw material market was on the rise. In September, the price of PTMEG was supported after the price consolidation, and the industry started at a low level of 49%. With the rising price of BDO on the cost side, the intention of the factory to support the price was strengthened. As of the end of the month, the domestic PTMEG (1,800 molecular weight) market negotiated and evaluated that the price was 18,000-19,000 RMB/ton, and some specifications were not quoted. The pure MDI market, after experiencing a strong pull up, slowed down at the end of the month. At present, the reference price of the local market is 20,200-20,500 RMB/ton, self-delivered in barrels.
With the rising price of spandex and the "golden September" terminal consumption gradually entering the traditional peak season, orders have been placed in autumn and winter, and the demand for staged replenishment has been released. In terms of operating rate, the operating rate of round machine and wrapped yarn in Shaoxing, Xiaoshan, Zhejiang was 30% to 50%; The starting level of the round knitting machine market in Jiangsu was 30-40%, and the starting level of the wrapped yarn and warp knitting market was 50-65%; Guangdong started cautiously, with an overall level of 35-65%.
Market outlook
Analysts from SunSirs believe that, from the demand side, although the terminal traditional "golden September and silver October" has increased, the order is still not ideal. As the National Day holiday approaches, the terminal factory is expected to have a holiday in advance, the operating rate may further decline, and the enthusiasm for preparing raw materials will decline. However, the good cost support will not decrease, and the price of spandex will still rise slightly in the short term.
