SunSirs: The Market Has a Strong Wait-and-see Mood, and the Price of Spandex Is Weak and Difficult to Change
February 23 2022 10:06:37 SunSirs (John)
Price trend
Since the Spring Festival, the spandex market has maintained a downward trend. As of February 22, the average spandex market price was 55,000 RMB/ton, down 6.78% from the price on February 7, and the same as last year's price. The supply of goods is stable, and 7.9% of the spandex industry has started.
Analysis review
The upstream raw material market has been stabilized. The domestic market price of PTMEG (1,800 molecular weight) was 42,000-43,000 RMB/ton, and the negotiation evaluation was 40,500-42,000 RMB/ton. The spot in the pure MDI market was tight, and traders were reluctant to sell, and the reference price was around 23,500 RMB/ton.
The downstream terminal field followed up cautiously and continued to purchase on demand. The knitting factories in Xiaoshan and Shaoxing, Zhejiang, have a slow pace of resumption of work as a whole. Most small and medium-sized circular knitting machines have an operating rate of 30-40%, and some companies have a operating rate of around 60%.
Market outlook
SunSirs’ analysts believe that the current spandex market is flat and weak. The raw material pure MDI market has been sorted out at a high level, the cost support has remained stable, the downstream domestic sales market has recovered slowly, and the wait-and-see mood is strong. It is expected that the spandex market will remain weak in the short term.
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- 2024-01-24 SunSirs: As the Spring Festival Approaching, Demand Slowed Down and Spandex Prices Tended to Be Weaker
- 2024-01-17 SunSirs: Fundamental Weakened, Spandex Prices Continued to Decline
- 2024-01-02 SunSirs: Both Cost and Demand Were Weak, and Spandex Prices Continued to Decline in December
- 2023-12-27 SunSirs: Driven by Both Upstream and Downstream Weaknesses, the Price of Spandex Was Showing a Downward Trend
