SunSirs: Market Transactions Were Light, Spandex Prices Continued to Weaken
July 27 2022 11:15:36 SunSirs (John)
Price trend
According to the price monitoring of SunSirs, the domestic spandex market has maintained a downward trend since July. As of July 26, the average market price of 40D specifications was 38,000 RMB/ton, down 9.95% from the beginning of the month and down 52.38% from the same period last year.
Analysis review
At present, some spandex manufacturers have reduced their burdens and production, and the industry's start-up has dropped to 72%, but the market supply is sufficient. End customers continue to purchase on demand and follow up cautiously.
The PTMEG market was running weakly, the market price of PTMEG (1,800 molecular weight) was 28,000-30,000 RMB/ton, the pure MDI market was stable and down, and the supporting role of the cost side was weakened.
The downstream terminal market is cautious and waits and sees, and decides production based on sales. Under the influence of recent high temperature and power cuts, the factory has maintained a low operating rate, with 30-40% of the work in the circular knitting field and about 60% in the warp knitting field. The current off-season features are obvious, and the demand performance is average. The transactions are mainly based on rigid downstream stocking and the purchasing power is not large.
Market outlook
The analyst of SunSirs believes that the focus of the spandex market is still weak, the cost-side support is general, the downstream is not very motivated to obtain goods, the overall market transaction is light, and the confidence in the market outlook is insufficient. It is expected that in the short term, the spandex market will fluctuate to weak adjustments within a narrow range.
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- 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
