Price trend

In October, the domestic spandex market maintained an upward trend. As of October 18, the average price of 40D spandex was 37,875 RMB/ton, up 8.12% from the beginning of the month and down 53.01% year on year. The operating rate of the spandex industry was around 69%, the spot supply in the market was temporarily stable, and the inventory of individual specifications and models was tight.

Analysis review

The supporting role of the cost side still existed. The PTMEG market was stabilized, and the industry's operating rate slightly increased to 7.10%. However, the transportation in Xinjiang was relatively slow, and the supplier had a strong attitude of price supporting. On the 18th, the PTMEG (1800 molecular weight) market in the domestic spandex field offered 23,000 RMB/ton, and the negotiation evaluation was 21,000-23,000 RMB/ton. The pure MDI market cost was high, the spot was tight, the traders were reluctant to sell, the market mainstream quotation remained high, the reference price was 21,500-22,000 RMB/ton (telegraphic transfer, barrel, self delivery).

The order receiving situation of textile enterprises improved, but it was still dominated by short and small orders. Even in the traditional peak season of "golden September and silver October", the terminal order volume was far less than the same period in previous years, and there was no centralized and large-scale demand. The textile market started at a low level, of which the operating rate in the circular machine field was around 40%, and the operating rate in the warp knitting field was 60-70%. Followed up carefully on spandex and continued to purchase on demand.

Market outlook

According to the analysts of SunSirs, under the increasing cost pressure, the manufacturer's offer has kept up with the rise, and the low price has been reserved for sale. However, the demand side performance is still weak, and the enthusiasm for raw material procurement is not high, which has a certain drag on the price of spandex. On the whole, it is expected that the price of short-term spandex will still fluctuate upward under the support of good cost.

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