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SunSirs: Under the Support of Good Cost, the Price of Spandex Stopped Falling and Recovered

September 29 2022 09:17:30     SunSirs (John)

Price trend

Since September, the domestic spandex market has stopped falling and recovered. According to the monitoring of SunSirs, the average market price of the spandex on September 28 was 35,000 RMB/ton, an increase of 7.03% from the beginning of the month, and a year-on-year decrease of 56.58%. The installation load of spandex manufacturers increased, the industry operating rate increased to 61%, and the market supply was sufficient.

Analysis review

In the raw material market, the domestic BDO factories started to improve, the spot supply was acceptable, and the price was high and consolidated, and the positive support still existed. The PTMEG factory had a strong intention to support the price, and some specifications were not quoted. Among them, the market offer of PTMEG (1,800 molecular weight) was 18,000-19,000 RMB/ton. The operating rate of the PTMEG industry increased to 49%, but the overall operating rate was average. The supply of pure MDI was tight, and traders were reluctant to sell. The market reference price was 20,200-20,500 RMB/ton, wire transfer, self-delivery in barrels.

The downstream was in the traditional peak season of "Golden September and Silver October", but the demand was slow to follow up. The operating rate in the market of circular knitting was 30-40%, and the operating rate in the market of warp knitting was 60-70%. Overall, the "Golden September" was not in good condition. Most companies took a wait-and-see attitude and maintained just-needed procurement. The export value of the terminal textile and garment industry increased in August. According to statistics, in August, China's textile and apparel exports were 208.99 billion yuan, an increase of 7.3%, and a month-on-month decrease of 6.8%. Among them, textile exports were 84.27 billion yuan, an increase of 4.1%, and a month-on-month decrease of 8%. Clothing exports were 124.72 billion yuan, an increase of 9.6% and a month-on-month decrease of 5.9%.

Market outlook

The analyst of SunSirs believes that, supported by the favorable cost, the spandex market has improved, and downstream end customers are cautious in purchasing and following up on demand. In the short term, there is a strong atmosphere for the price of spandex to rise.

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