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SunSirs: Sluggish Demand, Spandex Price Will Mainly be Stable

February 14 2020 09:39:27     SunSirs (Linda)

According to the price monitoring of SunSirs, since February, the spandex market has shown a steady medium and small increase, of which the average market price of 40D specification as of February 13 was 31,960 RMB/ton, up 0.19% from the beginning of the month, down 6.55% year on year.

Recent mainstream price statistics of spandex market (unit: RMB/ton)

 

20D

30D

40D

Zhejiang

36,000-38,000

34,000-35,000

28,000-30,000

Shandong

37,000-39,000

35,000-36,000

29,000-31,000

Fujian

37,000-39,000

35,000-36,000

29,000-32,000

Jiangsu

36,000-38,000

34,000-35,000

28,000-30,000

The factory maintains the operation status, with the operation rate around 60-90%, and there is the possibility of partial production suspension. The overall price of mainstream factories has little change compared with that before the Spring Festival, and some factories have a slight intention to increase it. At present, 36,000-38,000 RMB/ton is the reference for mainstream negotiation of 20D spandex in Jiangsu and Zhejiang; 34,000-35,000 RMB/ton is the reference for mainstream negotiation of 30D spandex; 28,000-30,000 RMB/ton is the reference for mainstream negotiation of 40D spandex.

At present, the downstream textile enterprises return to work slowly and the time of resumption is divided. Shandong, Shanghai and other places started work on February 10, with the actual commencement load between 25% and 60%. The start-up enterprises use more local employees, and it is difficult for the non-local workers to return to the factory, so the difficulty of resumption is obviously increased, and the demand is delayed. In addition, some textile enterprises are difficult to withdraw funds, capital flow is tightening, and it is more likely to postpone to the middle and late February. At the same time, the logistics is still in a state of stagnation, transportation vehicles, road constraints and other factors, resulting in the inability of spandex factories to deliver goods. Many logistics companies said that when to start the operation still depends on the situation of epidemic prevention and control.

On the whole, SunSirs analysts believe that due to the slow return to work in the downstream, tight capital and logistics constraints and other factors, the impact on the sales of spandex plant has increased. In the near future, spandex plant will continue to maintain stability, and the starting load will be adjusted according to the recovery of logistics and downstream enterprises. In the later stage, with the resumption of work and the recovery of downstream orders, it is expected to continue to promote its growth.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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