According to the price monitoring of the SunSirs, the price of domestic spandex maintained stable operation. As of April 14, the average market price of 40D specification was 55300 RMB/ton, unchanged from the previous day, down 18.20% year-on-year. The spandex industry started 83%, with sufficient supply of goods and poor demand in the downstream terminal field.
Current mainstream price statistics of spandex market (unit: RMB/ ton)
| 20D | 30D | 40D | |
| Zhejiang | 68000-72000 | 60000-63000 | 50000-55500 |
| Shangdong | 68000-74000 | 60000-63000 | 50000-54000 |
| Fujiang | 68000-74000 | 60000-63000 | 50000-54000 |
| Jiangsu | 68000-72000 | 60000-63000 | 50000-55500 |
According to the price monitoring of the SunSirs, the price of domestic spandex maintained stable operation. As of April 14, the average market price of 40D specification was 55300 RMB/ton, unchanged from the previous day, down 18.20% year-on-year. The spandex industry started 830%, with sufficient supply of goods and poor demand in the downstream terminal field. The upstream raw material market operates smoothly, with little change in cost support. The market quotation of PTMEG (1800 molecular weight) is 42000-45000 RMB/ton, the negotiation evaluation is 41000-42000 RMB/ton, and the prices of some high-end sources are higher. The market reference price of pure MDI is 22000-22500 RMB/ton. Telegraphic transfer is barrel loaded and self picked up, and it is heard that there is a lower price.
The downstream demand is weak, and the overall market trading is flat. Affected by the epidemic, there is a certain resistance to the supply delivery of terminal textile enterprises, mainly in the transportation link. The new order is released slowly, or the order is cancelled due to poor delivery. The demand side is still weak, and the weaving operation rate in Jiangsu and Zhejiang has fallen sharply by about 46%.
Business analysts believe that the recent spandex market has maintained a weak and stable operation, and spandex manufacturers have adjusted their prices appropriately to make small profits and sell more. The support of raw material cost is maintained, and the downstream end customers purchase cautiously. Most of them have the psychology of "buying up but not buying down". Under the condition of no favorable supply and demand, it is expected that the price of spandex will still weaken in the short term.
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