Price trend

Since the Spring Festival, the spandex market has maintained a downward trend. As of February 22, the average spandex market price was 55,000 RMB/ton, down 6.78% from the price on February 7, and the same as last year's price. The supply of goods is stable, and 7.9% of the spandex industry has started.

Analysis review

The upstream raw material market has been stabilized. The domestic market price of PTMEG (1,800 molecular weight) was 42,000-43,000 RMB/ton, and the negotiation evaluation was 40,500-42,000 RMB/ton. The spot in the pure MDI market was tight, and traders were reluctant to sell, and the reference price was around 23,500 RMB/ton.

The downstream terminal field followed up cautiously and continued to purchase on demand. The knitting factories in Xiaoshan and Shaoxing, Zhejiang, have a slow pace of resumption of work as a whole. Most small and medium-sized circular knitting machines have an operating rate of 30-40%, and some companies have a operating rate of around 60%.

Market outlook

SunSirs’ analysts believe that the current spandex market is flat and weak. The raw material pure MDI market has been sorted out at a high level, the cost support has remained stable, the downstream domestic sales market has recovered slowly, and the wait-and-see mood is strong. It is expected that the spandex market will remain weak in the short term.

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