SunSirs: Chinese Market has a Strong Wait-and-See Atmosphere, Price of Spandex Fell Slightly in September

The market price of spandex dropped slightly this month, and the quotations of mainstream manufacturers were stable and weak. As of September 27, the average price of 40D specifications was 80,600 yuan/ton, down 1.23% from the beginning of the month and a year-on-year increase of 143.50%. Some manufacturers have plans to reduce production, and industry starts have dropped from 90% at the beginning of the month to around 7.8%. At present, the supply of goods in the market is stable.

The raw material pure MDI market is rising steadily, and the overall market has a strong wait-and-see atmosphere. The industry starts at 7.6%, traders are reluctant to sell at low prices, and the mainstream quotes in the market are steadily raised. The current mainstream reference in the local market is 21000-21200 yuan/ton wire transfer and self-pickup in barrels. . PTMEG keeps on operating, and the cost side BDO continues to be warmer, and the support is good. In terms of price, the mainstream factories with 1800 molecular weight supply offer around 46000-49000 yuan/ton, and the actual order negotiation refers to 45000-48000 yuan/ton. The industry started at 71%, with a slight improvement. Among them, the 46,000-ton plant of Shanhua Chemical has restarted after the short-term shutdown, the 46,000-ton plant in Xinjiang Lanshan Tunhe has been restarted, the 92,000-ton plant of Sinopec Great Wall Energy and Chemical Industry has been overhauled, and the Xinjiang Guotai Xinhua 60,000 Tons of equipment shall be overhauled in turn.

Statistics on the production and sales of domestic PTMEG manufacturers

Before the end of the month, due to the adjustment of production by the printing and dyeing factories before the end of the month, the delivery of orders from some large circular knitting factories in Jiangsu and Zhejiang was delayed, so the operating rate was reduced to 2-3% accordingly. The pressure on the inventory of finished products in factories remains unabated. The stocking of raw materials is around 40 days, and the stocking of raw materials in most factories is around 8-11 days, resulting in low enthusiasm for raw material procurement. In the warp knitting industry, most local warp knitting factories in Haining were down for 1-2 days during the Mid-Autumn Festival, and the load dropped from 70% before the holiday to less than 50% during the holiday.

In September, the spandex market was weak, the supply of the market remained stable, and the cost-side support was acceptable, but the downstream demand was not sufficiently cautious to follow up. The overall market wait-and-see atmosphere was strong. In the coming, demand pressure is expected to be alleviated. In the short term, the spandex market will remain weak. If demand improves in the later period, the market may rebound.

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