Price trend

According to the monitoring of SunSirs, the market of spandex this week (March 18-24) maintained a downward shift in focus, with the average price of 40D at 38,375 RMB/ton, down 0.65% from the beginning of the week and down 32.08% year-on-year.

Analysis review

The start of the spandex industry was stable around 80%, and the supply of goods was maintained. Cost support weakened significantly, and downstream purchasing enthusiasm was poor. The spandex manufacturers gave up profits to sell goods, and some manufacturers had accumulated inventory. The actual transaction was discussed separately.

The raw material PTMEG market had undergone a narrow consolidation. As the cost side BDO continued to weaken, market confidence had declined. However, the inventory pressure of PTMEG factories was not significant, and mainly made small profit-cutting and negotiated. As of the 24th, 1800 molecular weight PTMEG in the spandex field was negotiated an evaluation price of 20,500-21,500 RMB/ton. The overall wait-and-see atmosphere in the pure MDI market was strong, while the purchasing atmosphere was weak. Traders had insufficient confidence, and the market quotation was lowered. The mainstream market negotiation price was 19,000-19,300 RMB/ton.

Downstream customers' demand was slow to follow up, with a mindset of "buying up rather than buying down", mainly focusing on small purchases. The transaction in the terminal market was general, and the overall parties had a strong wait-and-see atmosphere for the future market.

Market outlook

Analysts from SunSirs believe that the lower focus of the raw material end had weakened the cost support for spandex. At the same time, downstream demand was weak, and the negative sentiment was increasing. It is expected that in the short term, the price of spandex will continue to fluctuate downward.

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