Price trend

According to the Commodity Market Analysis System of SunSirs, the price of spandex stabilized in the 16th week of 2023 (4.17-4.21), ending five consecutive weeks of decline.

Analysis review

The average ex factory price of 40D was 35,125 RMB/ton, and there was a strong wait-and-see atmosphere among all parties, resulting in a stalemate in prices. The mainstream factory price for spandex in the Henan region was around 37,500 RMB/ton for 20D, 36,500 RMB/ton for 30D, and 34,500 RMB/ton for 40D specifications; The mainstream factory price for 20D in Fujian was around 41,000 RMB/ton, the mainstream factory price for 30D was 38,000 RMB/ton, and the quotation for 40D specifications was 35,000 RMB/ton; The mainstream factory price for 20D in Zhejiang region was around 39,000 RMB/ton, the mainstream factory price for 30D was 38,000 RMB/ton, and the mainstream factory price for 40D was 34,000 RMB/ton.

In the short term, weak domestic and international demand will still form the main suppression on the price of spandex. In the short term, domestic trade only maintains basic demand and there is no plan for stocking large quantities. At present, there is a shortage of varieties of polyester filament and spandex elastic fabrics listed in the traditional market of China Light Textile City, with relatively limited spot market volume. The price is mainly stable, with some stable and small drops. The daily trading volume has been insufficient compared to the previous period. As of the 21st, some downstream weaving terminal factories are preparing to shut down for vacation, with a strong sense of pessimism. the comprehensive operating rate in the Jiangsu and Zhejiang regions was below 55%.

The foreign trade environment is severe and complex, with a decrease in orders. According to the latest data, from January to March 2023, the cumulative export of textile and clothing reached 67.23 billion US dollars, a decrease of 6.8%. Among them, textile exports reached 32.07 billion US dollars, a decrease of 12.1%, and clothing exports reached 35.16 billion US dollars, a decrease of 1.3%.

Analysis review

Overall, due to a shortage of orders and processing costs at the textile terminal, there are many expectations of production cuts and holidays during the May Day holiday, coupled with the arrival of the traditional off-season, which has led to a weakening and accelerating demand. It is expected that under the negative demand feedback pattern, spandex prices will still be under pressure.

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