According to the monitoring of SunSirs, the price of domestic spandex fell recently. As of March 14, the average market price of 40D specification was 38,750 RMB/ton, down 0.96% from March 2 and down 31.05% year on year. The operating rate of the spandex industry was stable at more than 80%, and the manufacturers had sufficient supply of goods. However, downstream end customers followed up cautiously, and most customers had a bearish attitude towards the future market, which led to a slight decline in the price of spandex
Analysis review
The PTMEG market was stable and wait-and-see, and the support from the supply and demand side was acceptable, but the raw material BDO was down, the terminal demand was general, and the market mentality was turning cautious. The negotiated price of 1800 molecular weight PTMEG on the 14th was 21,000-22,000 RMB/ton. The pure MDI market was stable, the supply of goods was tight, the overall attitude of traders was different, the enthusiasm of downstream procurement was not high, and the market reference price was 20,000-21,000 RMB/ton. (T/T barreled self-delivery)
With the advent of the traditional textile market peak season, a new round of procurement had begun in the downstream field. The operating rate of weaving and terminal markets had increased slightly. The operating rate of the warp knitting field was stable at around 70%, and the operating rate of the circular machine field was 50-60%. However, the demand was general and the trading atmosphere was flat. Domestic orders in spring and summer had increased, while foreign trade orders had not improved, and the factory feedback that new orders were insufficient.
Market outlook
According to the analysts of SunSirs, the supporting role of the cost side was temporarily stable, and the downstream end customers purchased on demand, and the wait-and-see mood was strong. It is expected that the market price of spandex will be stable in the short term.
