The atmosphere in the chemical fiber industry has been extremely heated recently.
Spandex has skyrocketed
The recent rise in spandex can be said to be very crazy. After receiving a certain spandex The factory issued an urgent notice that the price of spandex will continue to increase next Monday, and all specifications will increase by another 3,000-5,000 yuan/ton.
Affected by factors such as increased sea freight, RMB appreciation, and continued rise in commodity prices, the price of chemical fiber products has increased The voices come and go.
According to Baichuan Information, the market quotations of spandex 40D and 20D on June 24 were 72,000 yuan/ton and 95,000 yuan/ton respectively, a record high. Since the beginning of this year, spandex has 20D and spandex 40D have increased cumulatively by 95.9% and 84.6% respectively. For example, starting from the low point in August last year, the price of spandex has skyrocketed by 150% year-on-year.
The overall operation of the industry is mostly normal. Huahai plans to put into operation new production capacity. Xinxiang 30,000 tons of spandex is expected to be put into production in October. Huafeng, Huahai, Hengshen, and Shure Most of the companies such as Zizi, Aoshen, Hyosung, Taiguang, and Sihai opened at a high of 90% to 100%, while Xinxiang, Yantai, etc. opened at 6.50% to 8.50%.
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PTMEG (polytetramethylene ether glycol), a major raw material for spandex ) is under pressure from environmental protection management in the coal chemical industry and insufficient resource output. As the application fields of spandex continue to expand, there is huge room for growth in differentiated industrial fields such as medical and automotive interiors, which supports the long-term high price of spandex.
In addition, in the first half of 2020, masks have become a key material for epidemic prevention and control. Spandex filament is an important raw material for the production of mask ear straps. Due to this, short-term demand has surged. Increase, the spandex market once experienced a hot market where supply exceeded demand. For a period of time, products from many domestic spandex manufacturers were hard to come by.
The epidemic has also changed the lifestyles of global consumers. The rise of indoor sports has increased the market demand for products such as yoga wear and sportswear, which are important raw materials. The demand for spandex increases. The production capacity of spandex yarn is relatively small and cannot be stored for a long time. This characteristic also limits downstream stocking to a certain extent. The current spandex inventory level is 14 days old, the lowest level in nearly four years.
Market analysts generally expect that the increase in spandex supply will be limited in 2021. In the context of limited room for increasing the operating rate of spandex factories and less new production capacity, the supply of spandex will The tense situation will continue. As support on the cost side still exists and market demand is strong, spandex may usher in a new round of real prosperity.
Chemical fiber stocks soared
Chemical fiber stocks generally rose yesterday, and the sector index opened higher with heavy volume , soaring nearly 6% during the session, leading gains in both markets, with half-day trading exceeding yesterday’s overall trading. Jujie Microfiber once hit the 20% daily limit during the session. Hengli Petrochemical, Nanjing Chemical Fiber, and Xinxiang Chemical Fiber also rose straight up to seal the daily limit. Tongkun Stock, Meida Stock, etc. have made strong gains.
Among the stocks in the chemical fiber industry sector, the top five stocks with the largest gains are: Hengli Petrochemical reported 25.88 yuan, up 9.99%; Nanjing Chemical Fiber reported 6.72 yuan, up 9.98 %; Xinxiang Chemical Fiber reported 7.93 yuan, up 8.93%; Tongkun Shares reported 22.72 yuan, up 7.12%; Huafeng Chemical reported 13.47 yuan, up 6.82%.
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