In December, the domestic spandex market accelerated its decline. As of December 17, the average market price was 71,400 yuan/ton, down 7.99% from the beginning of the month and up 72.46% year-on-year. At present, mainstream manufacturers have maintained a high level of 8.90%. The supply of goods is sufficient. The actual transaction is limited. Both high and low price transactions have been heard and talked about.

The supply of pure MDI from individual domestic manufacturers has decreased, and the overall mentality of traders has been able to boost the low-price reluctance to sell. The mainstream negotiation in the market is 19500-20000 yuan/ton barrels for self-extraction wire transfers. The PTMEG market is narrowly sorted, upstream BDO prices are operating at a high level, cost support is maintained, and the price is maintained. The mainstream factories with 1800 molecular weight supply are bidding around 47000-49000 yuan/ton, and the actual order negotiation refers to 47000-48000 yuan/ton.

Downstream end customers cautiously wait and see and continue to purchase on-demand. Due to the impact of the epidemic prevention and control, the delivery speed in Xiaoshao and Shaoxing areas is becoming more and more slow, coupled with the shortage of containers again, the delay in placing foreign trade orders, some weaving factories plan to suspend work ahead of schedule and concentrate on collecting payments. The operating rate of the large circle knitting machine has been steadily decreasing, with the start of work at a low level of about 4-5%, and the start of work in the warp knitting field is about 50% to 60%.

The current cost-side support role has weakened, and demand has not improved significantly. Purchasing intentions are still weak. Most of the inventory is consumed, and the rigid need to follow up is expected. It is expected that the spandex market price will continue to decline in the short term.

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