Spandex Market Crisis Is Difficult To Improve

The global economy is weakening again. This year's traditional peak season is drawing to a close. The domestic textile market order delays and other negative factors are surrounded by Spandex Enterprises, making Spandex Enterprises dangerous, and the market is being suppressed again. At present, the basic shipment scope of 40D is consolidated at 44000-46000 yuan / ton, and the 20D shipment scope has dropped to 54000-62000 yuan / ton.

At present, the supply volume of upstream manufacturers is increasing, while the downstream spandex application area is increasing.

First of all, from the recent analysis of the spandex industry, the total volume of orders for textile production in South of Jiangsu has been in a state of shrinking, and the capital flow of industrial chain has also become increasingly tense under the strictness of national policies. The reduction of spandex prices has made the buyers of the lower reaches cautiously look at the hollow state, resulting in a pattern of continuing weakness, demand, small quantity and price reduction in the market.

However, because the cost of spandex production is still high, and the high cost of purchase in the early stage has a resistance to the large price reduction of spandex, it supports.

Secondly, according to statistics of the import and export data of spandex, according to statistics, the total export of spandex in China was about 2421 tons in September 2011, compared with the reduction in August by about 760 tons, of which the export volume of the main tax number under 54024410 tax was 2026 tons, compared with that in August, the decrease was 24.4%, the average price was 6.76 US dollars / kg compared with August, 0.9%; September, the total import spandex in China was about 2159 tons, which was 128 tons higher than that in August, of which 54024410 tons were imported under 1951 tons, compared with that of August, the increase was nearly 1951, and the average price was USD / kg.

The above data can indicate two points: first, the overseas demand for spandex is decreasing; the two is that foreign prices are lower than domestic prices, and the competitiveness of domestic spandex has declined.

Third, from the upstream raw materials analysis, the PTMEG and MDI prices before the National Day are all high, thus driving the spandex market to rise slightly. But after the festival, affected by the multiple factors such as the macro and basic factors, the market price has been repeatedly lowered. At present, the actual shipment price of MDI is only around 17400 yuan / ton. It is understood that the price is closer to the spot price, so the market is limited in space, but the price of the high-end goods is down, and the MDI market is still down about 200 yuan.

PTMEG is weakened by the impact of BDO's dropout, and BDO is unable to support the high BDO raw material market because of the weakening demand in the downstream market.

According to statistics, in this week, the BDO water price in Asia has fallen by 300-400 US dollars / ton, and European manufacturers have said that they will reduce the price of BDO scattered water to 3000 US dollars / ton CFR China, so as to ensure shipment.

In addition, although the current PTMEG market is weakening, it is still a high cost for Spandex Enterprises. However, spandex has appeared in the main field of PTMEG, and the reverse trend of production and marketing has emerged. In particular, the majority of enterprises' inventory is rising, and the intention of reducing production and control volume of polyurethane enterprises is gradually appearing, which makes spandex plant have obvious resistance to high priced raw materials. Therefore, the expectations of spanning the whole industry chain are gradually improving, and the decline of PTMEG market is also logical.

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Fourth, from the perspective of downstream demand, the textile season is coming to an end, and the order production of weaving enterprises is coming to an end. Especially, the total orders for the single side machines in Xiaoshao and Ningbo are obviously lower than expected, and the overall load is reduced to 4 to 5. In Changshu and Jiangyin, the loom load has dropped to 3 to 4 percent due to the early demand.

The demand for machine and empty yarn yarn is also slowing down. The start-up rate is maintained at around 5, but the inventory is still high, and the market sales expectation is still weak.

In the field of cotton bags, as the cotton market continues to fall, the downstream market has a strong bearish mood, which has affected the scope of use of spandex. In addition, the superposition of cotton prices, the appreciation of the renminbi, and the rise in labor prices have caused the enterprises to face a huge cost pressure and fall into an awkward situation that they dare not pick up. Therefore, the factory load is maintained at around 5.

On the whole, from the above analysis, we can see that because spandex is unable to bear the high cost of upstream and the high cost, it will aggravate the anticipation of upstream raw materials.

And the downstream demand of spandex is not enough. In October, the demand for textile industry was not strong, the export orders of textile enterprises were significantly reduced, and the loom start up rate was low. Therefore, I believe that the future of the spandex market will be difficult to improve.