SunSirs: The Price of Spandex Fell Slightly Due to Weak Raw Materials and Insufficient Demand

Price trend

According to the price monitoring of SunSirs, the domestic spandex market fell slightly this week (November 7-11). As of November 11, the average market price of 40D specification was 37,875 RMB/ton, down 0.33% from the beginning of the week and down 52.89% year on year. As of the 11th, the operating rate of the spandex industry was around 70%, the spot supply was stable, and the cost side support was weakened. The end customers were cautious in taking the goods, and there were many spandex manufacturers making deals by giving up profits.

Analysis review

The start of raw material PTMEG industry declined to 65%, but the decline of cost BDO was slightly accelerated, the demand was insufficient, and PTMEG was running weakly. The negotiated price in 1800 molecular weight market was 20,000-21,000 RMB/ton. The pure MDI market continued its decline, the overall downstream demand was weak, traders were more active in shipping, and the mainstream market quotation was 19,000-19,500 RMB/ton

The traditional peak season of the downstream market failed to arrive as scheduled. It had become an indisputable fact that the peak season was not prosperous, and the demand for raw material procurement was not obvious. With the end of October and the arrival of the traditional off-season, the textile market had become more desolate. The start of the terminal market declined, with 40% of the round machines and 60% to 70% of the warp knitting machines. For example, the start of the big round machines in Foshan, Guangdong, also continued to decline, only maintaining around 30%.

 Market outlook

Analysts from SunSirs believe that the raw materials continue to be weak, the terminal demand is insufficient, and the overall market has a strong wait-and-see atmosphere. Analysts from SunSirs believe that the raw materials continue to be weak, the terminal demand is insufficient, and the overall market has a strong wait-and-see atmosphere.

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