A list of recent trends in the spandex industry

The domestic spandex market fell within a narrow range. As of December 5, the 40D market quotation reference was 34,000 yuan/ton, a decrease of 10.53% from the beginning of November. Previously, the offers of spandex manufacturers were strong, but as the center of gravity of the raw material PTMEG market gradually declined, the pure MDI market also fluctuated and fell, and the support of the cost side gradually weakened. The operating rate of the spandex industry remains at around 70%. Recently, the supply of spandex market is relatively sufficient, and the market mainly consumes inventory. However, the downstream follow-up situation is relatively general, which is not ideal for raw material consumption. From mid-November to press time, the quotations in the spandex market have gradually dropped.

Mainstream price of spandex industry chain market (for reference only, unit: yuan/ton)

The operating rate of the spandex raw material end PTMEG industry has dropped slightly recently, to about 67%. However, due to the relatively weak operation of the upstream BDO market, the PTMEG market is also relatively weak. The pure MDI market is also fluctuating and dropping. The downstream follow-up of these two types of raw materials is relatively sluggish. Most of the manufacturers who hold goods are mainly focused on shipments, and the mainstream price in the market is going down. The price reference is 18,000-19,000 yuan/ton; the mainstream quotation of pure MDI is 17,000-17,300 yuan/ton for domestic products, and 16,800-17,200 yuan/ton for imported goods. The market trend of these two types of raw materials is an important focus of the subsequent listing and pricing of the spandex industry.

In terms of specific downstream, the start of work in the weaving industry has declined recently, and the demand is weak, so it is necessary to follow up. The domestic sales volume of the domestic textile and garment industry has gradually decreased, especially after the end of the traditional peak demand season of “Golden September and Silver October”. Under the condition that the demand support has almost disappeared, it may be difficult for the spandex market to be greatly boosted in the short term.

On the whole, the cost-side support of the spandex industry is relatively weak at present, and the downstream is mainly based on rigid demand follow-up. Insufficient new orders, the overall market performance is sluggish. Some people in the market lack confidence in the follow-up trend of the spandex market. The specific market performance needs to focus on the price changes of upstream raw materials and the inventory consumption of spandex manufacturers, that is, the procurement situation of downstream terminals.