Price trend

According to the monitoring of SunSirs, the domestic spandex market has been weak since December. As of December 15, the average market price was 35,500 RMB/ton, down 3.27%% from the beginning of the month and down 50.83% year on year. Spandex manufacturers adjusted their prices appropriately, making small profits but quick turnove

Analysis review

The operating rate of PTMEG industry dropped to below 70%. The factory mainly kept the price, the inventory pressure was fair, and the interest giving intention was temporarily limited, of which (1,800 molecular weight) was temporarily assessed as 18,500-19,000 RMB/ton through market negotiation. The pure MDI market was stable, traders were reluctant to sell and bullish, and the market reference was 16,200-16,500 RMB/ton.

Downstream customers purchased conservatively. Most of them had the mentality of "buying up but not buying down". The terminal market demand was flat, and the actual transaction was discussed in detail according to the order. The order volume of textile enterprises this year is also far lower than that of the same period in previous years, and the demand has not been centralized. At present, the operating rate of circular machine industry is around 40%, and that of warp knitting industry is 60% to 70%.

Market outlook

Analysts from SunSirs believe that at present, the cost side support is maintained, but the downstream end customers are not very enthusiastic about taking goods, and they are resistant to the high price supply, mainly based on demand. It is expected that the spandex market will be mainly stable and wait-and-see in the short term.

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