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SunSirs: Lack of Fundamentals to Stimulate, Spandex Prices Weaken Risk still Exists
April 27 2020 08:56:43SunSirs(Linda)

According to SunSirs price monitoring, the domestic spandex market showed a slight rebound in April. As of April 26, the 40D specification was 33,100 yuan / ton, up 5.08% from the beginning of the month and down 7.63% year-on-year. There was a slight decline on the 26th, with a single-day decline of 0.60%.

Current pricsof spandex market (unit: yuan / ton)

The supply of spandex manufacturers has remained basically stable. The inventory pressure of some conventional specifications is not reduced. The production rhythm is adjusted. The supply of rough deniers is still tight. The production capacity has been improved. The pre-orders are more. Most manufacturers currently hand over pre-orders. In Jiangsu and Zhejiang, 20D spandex mainstream negotiation reference is 36,000-38,000 yuan / ton; 30D spandex mainstream negotiation reference is 34,000-35,000 yuan / ton; 40D spandex mainstream negotiation reference is 28,500-29,500 yuan / ton.

The raw material PTMEG market fell weakly, and the raw material BDO has fallen sharply recently, which has dragged down its price. The mainstream quotation of 1800 molecular weight sources is 14,000-15,000 yuan / ton, and the actual single negotiation is 13800-14800 yuan / ton. Pure MDI continues to be weak at a low level. The downstream is cautious to make up positions, and the demand for stocks is limited. The willingness to ship is low. Negotiations are made in North China, 13,500-13,800 yuan / ton wire barrel, and South China 13,500-1,3800 yuan / ton wire barrel.

The downstream operation in Zhuji, Yiwu, Zhejiang is acceptable. The yarn market starts at 50-60%, the market in Changshu maintains a low level, and the level of circular knitting machines and warp knitting markets remains at 30-40%. Lace is maintained at 30-40%, warp knitting at about 50-60%; companies in Guangdong start construction carefully, and circular machine market starts at 30-50%. The sentiment of receiving orders in the terminal textile market is not high, the actual transaction atmosphere is weakened, the market view is strong, and the actual demand is light.

SunSirs analysts believe that the current supply of spandex is basically stable, and manufacturers are actively shipping. The cost end is good and the support is insufficient. At the same time, the downstream terminal demand is cautious to follow up. There is a lack of stimulus in the fundamentals. In the short term, the risk of a weak spandex market still exists.

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