SunSirs: The Follow-up of Demand Was Acceptable, and Spandex Stabilized to Wait and See
March 14 2022 14:42:14 SunSirs (John)
Price trend
According to the price monitoring of SunSirs, the domestic spandex price maintained stable operation on March 11. As of March 11, the average market price was 55,400 RMB/ton, which was the same as the previous day and fell 19.24% year-on-year.
Analysis review
The start of the spandex industry has risen to 8.5%, the supply of individual batch numbers was tight, some manufacturers had a strong intention to increase their offers, and the downstream terminal field followed up cautiously.
In the upstream raw material market, PTMEG, after the previous period stopped falling and recovered, the current price has stabilized (1800 molecular weight), and the market quotation is 42,000-45,000 RMB/ton, and the negotiation evaluation is 41,000-42,000 RMB/ton. Some high-end sources have higher prices. The pure MDI market has declined, and the buying interest has been light. Traders ship with the market, and the current market negotiation price is around 24,000 RMB/ton.
The downstream terminal enterprises maintained normal operation, the demand follow-up was acceptable, and the purchase were mainly just needed, and the trading atmosphere was slightly warmer. The start of the circular knitting field rose to 5-60%, and the warp knitting field started 6-70%.
Market outlook
The analyst of SunSirs believes that the spandex market stabilizes and waits and sees. Although the raw material pure MDI has weakened, the cost support role can still be maintained. The downstream terminal market continues to purchase on demand, and it is expected that the spandex market will still maintain stable operation in the short term.
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- 2023-12-27 SunSirs: Driven by Both Upstream and Downstream Weaknesses, the Price of Spandex Was Showing a Downward Trend
