According to the price monitoring of SunSirs, the spandex market picked up slightly in March and began to look at the market steadily in the middle of the year. As of March 31, the average price in the domestic market was 56500RMB/ton, up 2.73% from the beginning of the month and down 16.42% year-on-year. At the beginning of this month, affected by the cost support effect, the offer of some specifications increased by 1-2000RMB/ton, but the downstream end market was cautious about the supply of high price goods, continued to buy on demand, or made less replenishment at low prices. From the middle of June, the downstream terminal demand was weak, there was little follow-up of new orders, the commencement fell to a low level, the actual transaction was weak, all parties lacked confidence in the future market, and the price of spandex was cautiously flat.

Current mainstream price statistics of spandex market (unit: RMB/ton)

As for the raw material market, by the end of the month, the market negotiation and evaluation of PTMEG (1800 molecular weight) in the domestic spandex field was 41000-42000RMB/ton, an increase of 500RMB/ton compared with the end of last month. Thanks to the active destocking at the factory end in the early stage, the inventory of most PTMEG factories was relatively tight in March. The supply was about long and the spot surplus was less. On the supply side, expectations were tight, and PTMEG prices remained relatively good, basically hedging the continuous decline of upstream BDO prices and cost collapse.

In March, the domestic pure MDI market rose first and then fell. As of March 29, the market reference price in East China was 22000-22500RMB/ton, and the telegraphic transfer barrel was self withdrawn. The prices of domestic manufacturers and Korean Jinhu manufacturers increased, the overall supply of domestic manufacturers was limited, the spot was tight, traders were reluctant to sell, and the market rose sharply in the first ten days. However, in the middle of the year, under the pressure of warehouse and transportation, traders' shipping intention strengthened, the overall downstream demand was depressed, and the price decline continued to the end of the month.

The "golden March" peak season is not prosperous, and the downstream textile enterprises continue to buy on demand. The overall market trading atmosphere is cautious and slightly insufficient. The comprehensive startup rate of Jiangsu and Zhejiang looms has fallen to less than 65%. The operating level of circular machine market in Xiaoshao area is maintained at about 60%; The operating level of circular machinery in Changshu is maintained at 50%; Lace and warp knitting in Fujian started in 50-70%; The market of circular knitting machine, yarn wrapping and warp knitting in Guangdong has started in 60-80%.

Business analysts believe that the current cost side support is OK, but the weak terminal demand has significantly suppressed the spandex market. The market trading is flat, and some downstream manufacturers mainly consume the early-stage inventory, and follow up the purchase of raw materials according to the downstream orders. All parties lack confidence in the future market, and there is a risk of decline in spandex prices.

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