Price trend

According to the Commodity Market Analysis System of SunSirs, the domestic spandex market has continued to weaken since May. As of May 17th, the average market price of 40D was 33,875 RMB/ton, a decrease of 3.56% compared to the beginning of May.

Upstream caustic soda

The bearish sentiment in the spandex market had intensified. There were replenishment nodes in the downstream, mainly maintaining rigid demand. Overall, demand performance was weak. The textile market was in the off-season, and the production enthusiasm of weaving enterprises was relatively low. Currently, the comprehensive operating rate in the Jiangsu and Zhejiang regions was below 57%. Some varieties of polyester filament and spandex elastic fabrics listed in the traditional market of China Light Textile City were insufficient. The demand for foreign trade wa insufficient, and new orders was slow.

Market outlook

Analysts from SunSirs believe that the spandex industry is facing a new round of industry challenges and opportunities this year, with short-term pressures such as concentrated production capacity release, environmental protection policies being pushed backwards, and the trend of industry survival of the fittest intensifying. With the industry concentration ratio increasing year by year, the industry head effect is obvious. The textile market had entered the off-season, and the enthusiasm for weaving production was relatively low. The weakening of demand was accelerating. It is expected that spandex prices will remain weak and decline.

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