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SunSirs: Textiles Have a Strong off-Season Atmosphere, Chinese Spandex Market is Running Steadily and Weakly
June 19 2020 09:33:17SunSirs(Linda)

According to SunSirs price monitoring, Chinese spandex market has remained stable in the past week. As of June 18, the average price of the 40D specification was 31,600 yuan/ton, down 4.24% year-on-year.

Statistics of mainstream price in spandex market (unit: yuan/ton)

At present, the supply of spandex factories is stable, and 80% of the industry starts operating at a high level. The cost-end support performance is general, the downstream terminal market just needs to be cautious about the goods, and the overall market demand is generally followed up. In Jiangsu and Zhejiang, 20D spandex mainstream negotiation reference is 35,000-36,000 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.

Domestic PTMEG manufacturers' production and sales dynamic summary

Recently, the domestic PTMEG market trend is still weak, and the market trading atmosphere is slightly weak. In terms of price, the mainstream quotations of 1800 molecular weight sources are 14,000-15,000 yuan/ton, and the actual order is 13,800-14,500 yuan/ton. In terms of installations, Shanxi 3D has an annual output of 50,000 tons of equipment, and there are no plans to restart it. In addition, Henan Nenghua’s annual output of 60,000 tons of equipment is shut down. The overall industry starts 50%, and it operates with caution. The pure MDI market is relatively stable, and the holders are stably shipping. The market price is 14,000-14,500 yuan / ton wire transfer barrels. The mainstream factory Wanhua Chemical's pure MDI listing price in June was 16,500 yuan / ton, an increase of 700 yuan from May. The downstream slowly digested the raw materials, just needed to enter the market, the supply support was acceptable, and the holders kept the shipment steady, starting about 40%, maintaining a low level.

The construction of the downstream Xiaoshao area in Zhejiang remained normal, with the circular machine and yarn covering market starting at 40-60%; the orders of enterprises in the Zhangjiagang area followed up in general, and the yarn covering market remained at about 60%. The downstream circular machine market in Changshu started at a low level, and the overall operating level remained at 30-40%; the Fujian market started at a general level, the lace remained at 30-40%, and the warp knitting was at about 50-60%; the downstream orders in Guangdong generally followed up, Circular machine and warp knitting markets started to maintain at 50-70%. From the perspective of the terminal market, the order increase in the domestic trade market is not obvious, the situation in the foreign trade market has not yet been clarified, the demand has followed up cautiously, and the overall market remains just in need of procurement.

On the export front, textile and apparel exports improved in May, with textile exports improving, and apparel remained temporarily sluggish. According to the latest statistics from the General Administration of Customs, in May 2020, my country's textile and apparel exports amounted to US$29.554 billion, an increase of 38.36% month-on-month and an increase of 24.02% year-on-year. Among them, the export value of textiles (including textile yarns, fabrics and products) was 20.6487 billion US dollars, an increase of 77.34% year-on-year; the export value of apparel (including apparel and clothing accessories) was 8.9057 billion US dollars, a year-on-year decrease of 26.93%.

SunSirs analysts believe that the current spandex market is operating steadily, manufacturers are maintaining normal operations, plus the previous inventory backlog, the overall market supply is ample. Despite active shipments, the demand for downstream end customers has not followed up. Most of them are still dominated by small orders, and just need to get the goods. The wait-and-see atmosphere is still strong. With the gradual thickening of the textile off-season atmosphere, the supporting effect of the cost end is not strong, and it is expected that the spandex market will run smoothly in the short term.

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