Price trend

According to the Commodity Market Analysis System of SunSirs, the domestic spandex market has continued to weaken since May. As of May 24th, the average market price of 40D was 33,375 RMB/ton, a decrease of 4.98% compared to the beginning of May. The quotations of various mainstream spandex factories were lowered to varying degrees, ranging from 1,000 to 1,500 RMB/ton compared to the beginning of the month.

Analysis review

The spandex factory lowered its quotation and expanded its discounts, but the actual downstream users were not willing to purchase the goods. Due to the limited number of new orders issued and the low willingness to stock up, most end users chose to continue to wait and see or consumed their initial inventory first. It is difficult for terminal weaving enterprises to increase their workload, currently maintaining below 60%, and it is difficult to follow up for actual demand.

Market outlook

Analysts from SunSirs believe that unfavorable factors such as insufficient domestic demand, continued downward pressure on foreign trade, and insufficient consumption expectations have led to a decline in transactions of spandex, and prices are expected to remain stable and decline.

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