SunSirs: The Wait-and-see Atmosphere Was Strong, and the Spandex Market Was Undergoing a Narrow Adjustment
June 26 2023 11:03:43 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the domestic spandex market slightly rebounded this week (June 19-25), with an average price of 33,375 RMB/ton in the 40D market as of June 25, which was unchanged from the beginning of the week. Under high cost pressure, spandex factories were negotiating loss adjustments, the order volume on the demand side was average, and inventory pressure still exists.
Analysis review
Before the Dragon Boat Festival holiday, most BDO maintenance devices in China were restarted, with BDO operations slightly increasing by over 67%. Downstream was still in the traditional off-season, with weak demand performance, mainly focused on purchasing on demand. Some weaving enterprises parked for several days during the Dragon Boat Festival holiday, and the comprehensive weaving startup rate in the Jiangsu and Zhejiang regions was around 60%. And from July to August, there is often a decline in weaving factory operations caused by high temperature shortages or power restrictions, which will further reduce demand and increase the pressure on the accumulated inventory of spandex factories.
Market outlook
Analysts from SunSirs believe that the current spandex industry has undergone minor adjustments and there is a strong wait-and-see atmosphere. However, the demand follow-up is insufficient, and as the terminal weakens and gradually deepens, the spandex market will remain sluggish.
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