According to the SunSirs price monitoring, the domestic spandex market remained stable in December. As of December 15, the average ex-factory price of 40D was 41,400 yuan/ton, an increase of 0.73% from the beginning of the month. The increase was significantly narrower, with a year-on-year increase of 29.78%. The spandex industry started near 90%, and the start remained high. The supply of goods may gradually stabilize. The tight situation of the former futures is slightly eased. The upstream raw material market was mixed, the spot price of pure MDI continued to decline, while PTMEG rose broadly, and cost support remained. Downstream customers purchase and follow up cautiously on demand.
The pure MDI market continues to weaken, and most of the holders ship with the market, and the transaction center is at the middle and low end. The market refers to 23,000-24,000 yuan/ton wire transfer barrels, and actual order negotiation shall prevail. Wanhua Chemical's listing price of pure MDI barrels in December 2020 is 28,000 yuan/ton, which is the same as in November, and the settlement price in November is 27,500 yuan/ton. The PTMEG market continues to hold prices. The current mainstream quotations of 1800 molecular weight sources are 18,000-19,000 yuan/ton, and the actual order negotiation is 17,000-18,400 yuan/ton, which is an increase of 1,000 yuan/ton from the previous month. The industry started more than 80%, and the start remained high. Among them, the load of Chongqing Chiyuan Chemical's 46,000-ton plant dropped slightly by about 70%, and the 40,000-ton plant in Yizheng Dalian was shutting down.
In the near future, terminal consumption continues to continue the off-season characteristics, and the spot market reflects that it is difficult to sell goods, and just need to purchase mainly. After the 'Double Eleven' and 'Double 12' shopping orders were gradually delivered, they entered the traditional off-season. At present, the new orders are not good, the market as a whole is sluggish, and corporate funds are relatively tight, and the enthusiasm for purchasing raw materials is not high. At present, the circular knitting field has started less than 60%, and the operation is weak. The warp knitting field has started about 70%. Watch the market cautiously.
SunSirs analysts believe that the current raw material market still has certain support, the supply of spandex manufacturers is gradually loosening, downstream customers are not buying much, and all parties wait and see. On the whole, the spandex market is expected to remain high and volatile in the short term.
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