According to the price monitoring of SunSirs, the domestic spandex market continued to decline on January 11, with the average market price at 60,200 yuan/ton, a decrease of 2.59% from the previous day and a year-on-year increase of 41.98%.
Spandex manufacturers have started operation at a high level of 8.5%, and the supply is stable. However, in the absence of favorable support from both the supply and demand sides, most spandex manufacturers choose to offer profit promotions. Actual transactions are limited, and manufacturers have increased resistance to shipments.
The PTMEG market in the domestic spandex sector maintains consolidation, upstream BDO prices loosen and decline, and cost support weakens. However, the 7.9% operating start-up of the PTMEG industry has declined, which has boosted prices. Currently, mainstream factories for 1,800 molecular weight supply are offering prices around 47,000-49,000 yuan/ton, and actual order discussions are temporarily based on 47,000-48,000 yuan/ton. The pure MDI industry has started production at 5.1%. The spot stock is tight, traders are reluctant to sell, and downstream small orders are being purchased. The market negotiation is around 21,500/ton wire transfer in barrels and self-pickup.
The downstream terminal market demand is slow to follow up. About 40% of the circular knitting industry has been started, and about 50-60% of the warp knitting field has been started. Enthusiasm for entering the market is not good, and most customers have insufficient confidence in the market outlook and continue to purchase for urgent needs. The trading atmosphere is average, and the overall market is hardly optimistic.
SunSirs analysts believe that the supply of spandex is sufficient, the cost-end support function is maintained, and the downstream intention to purchase goods is not good. It is expected that the spandex market will remain weak and volatile in the short term.
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