SunSirs: All Parties Have Strong Wait-and-See Attitudes, Spandex Prices Remain Stable in the Short Term

According to the price monitoring of SunSirs, the domestic spandex prices have remained stable since October. On Oct 24, the average market price of 40D specification was 31,760RMB/t, 11.57% lower year on year.

Recent mainstream prices spandex (unit: RMB/t)

At present, the transaction atmosphere of spandex is general, and the supply of manufacturers is stable. At present, the mainstream pricen of 20D spandex in Jiangsu and Zhejiang area is 36,000-38,000RMB/t; the mainstream price of 30D spandex is 34,000-35,000RMB/t; the mainstream price of 40D spandex is 28,000-30,000RMB/t. The actual transaction needs to be discussed in detail, and large quantity can be preferential. The downstream terminal market is not in a high mood of taking goods, so it is prudent to obeserve the market.

The raw material PTMEG operates in a weak position, with sufficient market supply. Suppliers continue to sell with sicounts, and the focus of new negotiations continues to be weak. In terms of prices, the main quotation of 1800 product is 15,000-15,500RMB/t, and the actual price is 14,000-14,800RMB/t. The pure MDI market is narrow, the suppliers stick to the offer, but the transaction is not easy, a small number of goods are in low circulation, and the quotation is 17,300-17,700RMB/t by T/T.

From the demand side, the actual demand of the terminal market is not enough to follow up, all parties are cautious about the future market, and the negotiation and transaction are flexible. Among them, the market in Xiaoshao and Shaoxin in Zhejiang Province started steadily, the round machine market started at a level of 40-50%, and the yarn wrapping market started at a level of 60-70%. The market in Fujian Province started steadily, the lace market started at a level of 30-40%, and the warp knitting market started at a level of 60-70%. The market in Guangdong Province started fairly well, the round machine market started at a level of 40%, and the warp knitting market started at a level of 60-70%; The start-up of the Wujiang District of Jiangsu Province is acceptable, and the start-up level of the yarn wrapping market is maintained at 60-80%.

Analysts from SunSirs believe that the spandex market is weak and stable, and the trading atmosphere is flat. The raw material market is weak and remains at the low leve, and the cost side support is insufficient. The downstream terminal market is not in a high mood of taking goods, and all parties hold a cautious attitude towards the future market. However, the double 11 e-commerce season and Christmas stock up season are coming, and the demand is worth looking forward to. In conclusion, analysts expect spandex market will mainly remain stable in the short term.

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