According to the price monitoring of SunSirs, domestic spandex prices have continued to fall slightly since September, and the quotations from mainstream manufacturers are stable and weak. As of September 16, the average price of 40D specifications is 80,500 yuan/ton, down 1.35% from the beginning of the month, and year-on-year. An increase of 143.20%. The supply of goods in the market is basically stable, and the industry start-up remains at a high level of around 90%.
Current mainstream price statistics in the spandex market (unit: yuan/ton)
The three major spandex giants have recently released new production capacity. Huafeng Chemical Co., Ltd. issued an announcement on September 1. , the second phase of the 100,000 tons/year differentiated spandex project invested and constructed by Huafeng Chongqing Spandex Co., Ltd., a holding subsidiary, has entered the commissioning stage. Hyosung Spandex (Ningxia)’s annual output of 360,000 tons of spandex and its raw material supporting projects will be constructed in five phases in principle. The main body of the first phase of the project has been completed and equipment installation is in progress. It is expected to be put into production in November this year. Xinxiang Chemical Fiber stated that the first phase of the company’s annual production of 100,000 tons of high-quality ultra-fine denier spandex fiber project is currently progressing smoothly and is expected to be put into production in the fourth quarter of 2021.
Changes in equipment of domestic PTMEG manufacturers
The raw material PTMEG market is dominated by price keeping, and the focus of negotiations remains stable. In terms of price, mainstream factories for 1800 molecular weight sources offer prices around 46,000-49,000 yuan/ton, and actual order negotiations are based on 45,000-48,000 yuan/ton. In terms of equipment, the industry’s start-up dropped to 6.40%, of which Hangzhou Sanlong’s 60,000 tons/year unit has been restarted, Sinopec Great Wall Energy and Chemical’s 92,000 tons/year unit is undergoing maintenance, and Xinjiang Cathay Xinhua’s 60,000 tons/year unit is undergoing maintenance in turn. The overall spot supply of pure MDI is tight, traders are reluctant to sell, and prices are rising steadily. Market discussions are at 21,000-21,500 yuan/ton for wire transfer in barrels. However, the downstream market just needs to follow up. As the Mid-Autumn Festival approaches, textile factories have a strong wait-and-see attitude towards the market outlook, and winter orders are slowly starting.
Recently, as the new production capacity of spandex factories is gradually released, there will be significant room for improvement in output, and the market is worried that demand will not be as good as expected. In the short term, as end-use consumption of textile and clothing products has not yet started, the upward momentum of the quotations from most spandex factories will be limited. It is expected that spandex prices will remain volatile and slightly downward. We will further pay attention to the follow-up of downstream domestic and foreign orders in the future. </p
