According to the price monitoring of SunSirs, the domestic spandex market has continued to fall since December. As of December 9, the average market price was 74,400 yuan/ton, down 4.12% from the beginning of the month and up 81.02% year-on-year. The start-up of spandex manufacturers increased slightly to a high of 8.9%, indicating sufficient supply. Cost support is maintained, downstream enthusiasm for purchasing goods is poor, and market trading atmosphere is dull.
Current mainstream price statistics in the spandex market (unit: yuan/ton)
The market price of pure MDI is stable and declining. The market generally lacks confidence. Downstream small-order purchases are mainly made. Market negotiations are at 20,000-20,500 yuan/ton for wire transfer in barrels and self-pickup. The PTMEG market continues to be supported by the high price of raw material BDO and operating costs, and the market is mainly stable for the time being. The mainstream factory for 1800 molecular weight supply is quoted at around 47000-49000 yuan/ton, and the industry start-up is around 8.30%.
Recent dynamic changes in the equipment of domestic PTMEG manufacturers
At present, the downstream market mainly consumes inventory, so purchase with caution. Entering December, the start-up load of warp knitting machines in Jiangsu and Zhejiang continues to decline. Currently, the start-up load of warp knitting factories in Haining is around 50%, which is as low as 30-40%. Only a few have a start-up load of more than 70%.
Although the upstream raw material market is currently declining, the cost-side support is still acceptable. On the demand side, domestic and foreign trade orders continue to fall month-on-month, and considering that orders are unlikely to improve before the Spring Festival, it is expected that warp knitting and other factories will stop for vacations after mid-December. Restricted by weak demand, spandex prices will mainly remain weak and adjust.
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