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SunSirs: The Bad Superposition of Upstream and Downstream Made It Difficult for the Price of Spandex to Stick to
May 20 2022 15:36:21SunSirs(John)

Price trend

Since May, the domestic spandex market has maintained a slight decline. As of May 19, the average market price of 40D specifications was 49,000 RMB/ton, down 7.89% from the beginning of the month and down 28.36% from the same period last year.

Analysis review

Spandex manufacturers started construction at a high level of 8.3%, with sufficient stock supply, and some manufacturers have accumulated inventory.

Affected by the poor demand and the weak BDO support on the cost side of PTMEG, the market mentality was not good, and some factories negotiated to sell at profit-cutting. The current market price of 1800 molecular weight is 38,000-40,000 RMB/ton, and the industry operating rate remains stable at 7.5%. The overall willingness of pure MDI traders to ship has increased, and the focus of mainstream negotiations has shifted downward. The market reference is 20,500-21,200 RMB/ton.

The downstream terminal field startd at a low level, the circular knitting field starts 3-40%, and the warp knitting field starts about 50%. The demand is slow to follow up, most companies decide production based on sales, they are not very motivated to get goods, and they have a strong wait-and-see atmosphere for the market outlook.

Market outlook

The analyst of SunSirs believes that the current cost-side support is weakened, the downstream end customers have poor intention to take goods, and the demand follow-up is flat. Under the negative superposition of upstream and downstream, the price of spandex is difficult to hold, and will maintain a volatile decline.

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