According to the Commodity Market Analysis System of the Business Society, the domestic spandex market has temporarily stabilized this week (October 9-13). As of October 13, the price of 40D spandex was 34250 yuan/ton, which is unchanged from the beginning of the week and a year-on-year decrease of 5.19%. The industry’s starting point remains around 72%. The price trend of spandex in the market is strong, and the cost side has weakened. Downstream cautious wait-and-see sentiment is strong, maintaining just in demand procurement.
Current mainstream price statistics of spandex market (unit: yuan/ton)
20D/ 30D/ 40D
Zhejiang/ 38000./37000./35000
Henan/ 37000./35500./33000
Fujian/ 37000./34000./32500
Jiangsu/ 39500./37500./36500
The domestic pure MDI market has declined, and the overall negotiation atmosphere is not good. Traders often ship with them, and the mainstream negotiation on spot goods in the market is for 20200 to 20500 yuan/ton wire transfer in barrels for self pickup, a decrease of 1000 to 1500 yuan/ton compared to the end of September. The overall operating rate of the PTMEG industry is around 78%, with a molecular weight of 1800 quoted at 21000 yuan/ton. Some factories do not provide external quotations for the time being.
The downstream textile industry is in a holiday mode during the National Day holiday period, with poor order performance and average overall market shipments. Production enterprises generally have about 1-3 days off, and most trading companies are also on vacation. After the holiday, the resumption of work is average, and the current comprehensive operating rate of Jiangsu and Zhejiang weaving is around 65%. It is expected that the traditional peak season market will gradually come to an end in late October, and the operating load will steadily decrease.
Analysts from Business Society believe that the current price stalemate of spandex is the main factor, with some loosening in the cost side. As downstream and terminal winter orders are gradually delivered, there is a risk of further shrinkage on the demand side, and the supply pressure on spandex will become prominent. In the short term, the upstream and downstream lack support, and the price of spandex may be weak.
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