According to the price monitoring of SunSirs, the domestic spandex market on February 7 was the same as before the Spring Festival. The average market price of 40D specifications was 59,000 yuan/ton, a year-on-year increase of 27.43%. The spandex industry’s start-up is lowered to 6.50%. The supply of goods is sufficient, the market has a strong wait-and-see sentiment, and the atmosphere of light downstream purchasing still exists, and the inquiries and transactions are average.
Current mainstream price statistics in the spandex market (unit: yuan/ton)
Domestic PTMEG manufacturer equipment trends
Recently, the overall operating load of raw material PTMEG manufacturers has dropped to 7.1%. In addition to the Spring Festival, market transactions are average, and the price is the same as before the Spring Festival. The market quotation of 1800 molecular weight is 45,000-46,000 yuan/ton, and the negotiation evaluation is 44,500-45,500 yuan/ton. The supply of pure MDI is tight, traders are reluctant to sell, and there are few downstream inquiries. Market discussions are around 22,500 yuan/ton for wire transfer barrels and self-pickup, which is 1,000 yuan/ton higher than before the holiday.
Downstream terminal enterprises gradually resumed work after the holiday, and they are mainly waiting and watching. The circular knitting industry has about 20% of the production capacity, and the warp knitting industry has 20-30% of the production capacity, which is relatively low. Work and production are being resumed in various parts of Jiangsu and Zhejiang, but some areas have experienced cooling and snowy weather, which has affected business purchases and sales to a certain extent.
The current cost-end support of raw materials is acceptable, and the downstream terminal textile market will gradually pick up, so we are cautiously watching the market outlook. It is expected that spandex prices will remain stable in the short term, and further attention needs to be paid to the resumption of work after the holiday.
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