Price trend

In February, the price center of the spandex market moved up. According to the monitoring of SunSirs, the average market price of the 40D specification was 37,000 RMB/ton as of February 10, up 3.50% from the beginning of the month and down 36.32% year on year.

Analysis review

The start of the spandex industry had increased to more than 80%, and the cost support was good. Downstream enterprises had started to resume, and maintained purchases just in needed.

The rise of BDO on the cost side was postponed, but the shipment of spandex raw material TMEG factory had no pressure, and the market continued to support the price, with mainstream quotations ranging from 20,000 to 22,000 RMB/ton. The pure MDI market rose, traders were reluctant to sell and bullish, and some of them closed the market and waited. As of the 10th day, the market reference price was around 20,000 RMB/ton (barreled and self-delivery).

Downstream terminal demand had warmed up, and the operating rate in the circle machine field increased to 3-4%, and the operating rate in the warp knitting field was around 50%. However, the stock of raw materials was not active, and most of them digested the inventory before the festival, and the follow-up was less than expected. The overall market continued to be just in need of buying, and the wait-and-see atmosphere was strong.

Market outlook

Analysts from SunSirs believe that the strength of the cost will boost the spandex market. With the pace of resumption of production in the downstream accelerating, it is expected that the spandex price will continue to rise in a narrow range in the short term.

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