According to the price monitoring of SunSirs, the domestic spandex market continued to decline on December 23, with the average market price at 67,800 yuan/ton, down 0.29% from the previous trading day and up 62.98% year-on-year. The quotations of spandex manufacturers have been lowered and are subject to negotiation one by one. The actual transaction needs to be discussed in detail with the manufacturer. The start of construction remains at a high level of 8.9% and the supply is normal. The downstream buying intention is weak, the actual transaction is slow, and transactions at high and low prices are heard.
Current mainstream price statistics in the spandex market (unit: yuan/ton)
The start-up of the pure MDI industry fell to 5.1%, traders were reluctant to sell at low prices, and the mainstream quotations in the market were steadily rising. Market discussions are at 20,000-20,500 yuan/ton for wire transfer in barrels. The PTMEG market is consolidating in a narrow range. The price of upstream BDO is running at a high level, and the cost support is maintained. The manufacturers are willing to support the price. The current quotation of mainstream factories for 1800 molecular weight supply is around 47,000-49,000 yuan/ton, and the reference price for actual order negotiations is 47,000-48,000 yuan/ton.
Downstream buying intentions are weak, actual transactions are slow, and purchases are made on demand. The outbreak of the epidemic caught people off guard. Currently, the domestic autumn and winter fabric market in Xiaoshao area is sluggish, and foreign trade orders are even worse. Most downstream companies have no orders to fill. The lack of orders has caused inventory of downstream manufacturers to accumulate. The operating capacity of the circular knitting industry is as low as about 40-50%, and that of the warp knitting industry is about 50-60%.
The current cost-end support still exists, but the spandex market has sufficient supply, insufficient demand follow-up, and the contradiction between supply and demand has intensified. It is expected that the spandex market will be difficult to be optimistic in the short term and will mainly remain weak.
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