SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Customer
Service
Home > Spandex News > News Detail
Spandex News
SunSirs: Weak Demand Accelerated Inventory Accumulation, and the Price of Spandex Will Be Weaker
November 21 2023 11:41:35SunSirs(John)

Price trend

According to the Commodity Market Analysis System of SunSirs, the domestic spandex market had temporarily stabilized this week (November 13-17). As of November 17, the price of 40D spandex was 32,950 RMB/ton, unchanged from the beginning of the week and a year-on-year decrease of 11.72%.

Analysis review

This week, the domestic pure MDI market experienced a decline. Imported goods have gradually arrived at the port, and traders had increased their enthusiasm for shipping overall, but downstream demand was weak. Market spot mainstream negotiation price was 21,500-21,800 RMB/ton in barrels for self delivery, and import source prices were slightly lower. Driven by the decline in raw material BDO in the early stage, cost support had weakened. As of the 17th, the price of PTMEG had remained stagnant and the quotation for 1800 molecular weight PTMEG had remained at 21,000 RMB/ton.

The terminal textile industry entered a seasonal off-season, with some products having high inventory and low downstream stocking enthusiasm, mainly focusing on purchasing on demand. In terms of orders, winter orders had started to start as the weather turned colder, but as of November 17th, orders at the weaving end might not be sustainable, especially with the end of supplementary orders, and there was still pressure for weaving shipments to weaken again. In addition, the start-up rate of texturing, weaving, and printing and dyeing had decreased locally, with the comprehensive start-up rate of Jiangsu and Zhejiang looms around 75%.

Market outlook

Analysts from SunSirs believe that as of November 17th, the inventory pressure of spandex factories was relatively high. For example, Taihe New Materials spandex had a production capacity of approximately 100,000 tons and inventory was around two months. Before the substantial recovery of terminal demand, demand was weak, inventory accumulation was accelerating, and the spandex market will operate to be weaker.

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

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products