Price trend

Since February, the domestic spandex market had remained volatile and upward. According to the monitoring of SunSirs, the average market price of the 40D specification was 3,850 RMB/ton as of February 23, up 7.69% from the beginning of the month and down 29.49% year on year. As of the 23rd, the operating rate of the spandex industry was stable at more than 80%.

Analysis review

The pure MDI market maintained an upward trend, the supply of manufacturers was small, the spot was tight, the traders were reluctant to sell and pushed up the pride, and the suppliers were supporting high prices, with the reference price of 19,800-20,300 RMB/ton, by telegraphic transfer, barreling, and self-delivery. The PTMEG market was consolidated in a narrow range, with the price of 20,000-22,000 RMB/ton. The overall supply was limited, the factory was in a stable attitude, the offer continued to be very high, and the downstream spandex construction was OK, and the downstream just in needed entered the market for replenishment.

The downstream terminal market was mainly conservative in taking goods, and the demand follow-up was general, and it was prudent to take goods. As of the 23rd, the operating rate in the circle machine field was 30-40%, and that in the warp knitting field was around 60%, and the operating rate was gradually increasing.

Market outlook

Analysts from SunSirs believe that spandex manufacturers had good expectations for the future market, and most manufacturers still had the intention to explore the price increase, and flexibly adjusted the price to mobilize customers' enthusiasm for taking goods. With the coming of the peak season of "Golden March and Silver April", the market is still relatively optimistic about the demand side, and the price of spandex will remain volatile and strong in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.