Spandex Prices Continue To Rise &Nbsp; Spandex 40D Will Raise The Price Again.

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And on Thursday (September 16th) afternoon, spandex

Spandex 40D will raise price

It is reported that in September 16th afternoon, the spandex industry association will hold a meeting in Xiaoshan, Zhejiang.

During the period from 16 to 17, Hangzhou will also hold the Fifth Forum on spandex market and development to discuss industry growth and other topics.

However, the Xiaoshan conference has not yet been held, and the industry has already heard rumors about the price increase of spandex.

Statistics show that in early September, the price of spandex decreased slightly, of which 40D price dropped from 53000 yuan / ton in late August to 51500 yuan / ton, and 20D price was flat at 74000 yuan / ton.

It is worth mentioning that the price of upstream raw materials of spandex has been rising step by step, of which pure MDI rose from 16500 yuan / ton at the end of last month to 16800 yuan / ton, while the price of PTMEG Korea K-PTG external market rose from 3650 US dollars / ton to 3700 US dollars / ton.

Yesterday (September 15th), a manager of China chemical fiber information network revealed that whether the Xiaoshan conference was held on Thursday, the price increase of spandex would be logical.

On the one hand, the industry has entered the traditional peak season in September. Although the downstream construction is still not ideal, the sales of products are better. On the other hand, with the price of raw materials rising, the cost pressure of spandex plant is gradually increasing. The price increase will ensure that there is a certain profit margin.

It is estimated that this spandex 40D will raise the price by 3000 yuan / ton ~6000 yuan / ton, the target price is 58000 yuan / ton.

Subsequently, Dong Xuhai, the representative of Yantai spandex securities, said that because the price increase was a market activity, the company's top management and sales department would attend the industry meeting. He did not know the details.

When the reporter called Hua Feng spandex, he was told that both Dong and Dai had gone out.

Price increase and performance of listed companies

Once the industry raises its price as expected, what will be the impact on listed companies?

Yao Xin, a Securities researcher, pointed out that in addition to the downstream heating and cost pressures that may contribute to the price increase, the reduction of supply under energy conservation and emission reduction is also a potential inducement.

As to how big the impact will be on the listed companies, the key is to see whether the downstream can afford them.

As the recent plate has not yet changed, once the price increases, there will be short-term wave market.

In fact, spandex has raised prices many times this year.

At the industry conference in January 12th, enterprises agreed to increase the price of spandex 40D by 3000 yuan to 51 thousand yuan / ton.

The price of spandex and Huafeng spandex jumped by more than 9.5% on the day of the price increase.

The price increase of spandex is obvious to the performance of listed companies.

Among them, the average price of spandex in Yantai in the first half of the year was higher than that in the same period last year. Net profit increased by nearly 4 times compared with the same period last year. The net profit of Huafeng spandex increased by 20 times compared with that of the same period last year.

However, since the two quarter, the price of spandex 40D has dropped by 12% from the previous high point of about 58000 yuan / ton, and the price level has dropped to the middle of January.

A brokerage industry researchers believe that since the beginning of March, spandex raw material PTMEG has risen 27%, plus the second half of the spandex price high callback, the price can at least guarantee that the annual performance of Listed Companies in line with expectations.

This means that the average price of spandex 40D should be maintained at least 55000 yuan / ton in the first half of the year, while the average price in the three quarter is only 51000 yuan / ton.

According to brokerage forecasts, spandex every increase of 1000 yuan / ton, can be thickened Yantai spandex and Huafeng spandex earnings per share of 0.1 yuan, 0.08 yuan.