The spandex market has continued to decline since the Spring Festival. As of February 22, the average market price was 55,000 yuan/ton, down 6.78% from February 7, and the same price as last year. The supply of goods is stable, and the spandex industry is operating at 7.9%.
Current mainstream price statistics in the spandex market (unit: yuan/ton)
The upstream raw material market is stable and consolidated. The domestic market price of PTMEG (1800 molecular weight) is 42,000-43,000 yuan/ton, and the negotiation and evaluation is at 40,500-42,000 yuan/ton. The spot market of pure MDI is tight, and traders are reluctant to sell. The reference price is around 23,500 yuan/ton for wire transfer in barrels and self-pickup.
The downstream terminal sector will follow up cautiously and continue to purchase on demand. The overall resumption pace of texturing and knitting factories in Xiaoshao, Zhejiang is slow. Most small and medium-sized enterprises’ circular knitting machines have an operating rate of 30-40%, and some companies have an operating rate of around 60%.
The current spandex market is flat and weak. The raw material pure MDI market is consolidating at a high level, cost support remains stable, the downstream domestic market is recovering slowly, and the wait-and-see sentiment is strong. It is expected that the spandex market will be weak and difficult to change in the short term.
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