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    Recently, The Profitability Of Spandex Enterprises Has Been Improved.

    2013/7/27 21:53:00 26

    Spandex MarketSpandex CompanySpandex Industry

    A few days ago Spandex Industry Investigation found that in the current off-season industry, many spandex production enterprises started at full capacity, and some varieties even appeared signs of supply exceeding demand. Insiders pointed out that at present, spandex stock is at a low level, and the industry has less capacity in 2013/14, and the price of spandex is expected to be strong in the peak season.


      Price increases are expected to be strong.


    "The company is now in full production stage. At present, the supply of 40d spandex is tight, and the price of 20d spandex has risen. It is expected that the price of 40d spandex will increase in August." Thai and new materials related to the China Securities Journal reporter revealed.


    This year, Spandex Market Has continued relatively tight state, the stock kept a reasonable level, of which 40d spandex goods source is slightly tight. Analysts pointed out that with the improvement of supply and demand pattern, spandex will usher in a recovery cycle of about two years.


    From the supply side, the total capacity of the industry is currently 480 thousand tons. At present, domestic spandex enterprises start up rate of more than 90%, has basically full load production. In terms of new capacity, before 2015, the expanded output was only less than 30 thousand tons, with an increase of about 6%, with limited output. It is reported that China's Spandex output accounts for 60%-70% of the global share, and in recent years, foreign capacity expansion is less.


    From the perspective of demand, the growth of domestic demand and the revival of external demand provide short-term support for the rapid growth of spandex demand. Insiders, domestic demand, domestic downstream clothing Industry inventory level improved. Spin Industry demand is gradually showing signs of warming, and the demand for spandex has been restored. In terms of external demand, as the main market of spandex terminal is in North America, the United States takes the lead in recovery, and the Japanese market has followed the lead, which has brought more than expected pull to spandex demand.


    The industry expects that spandex prices will continue to rise in the next 6-12 months. At present, the average operation rate of the spandex downstream is only about 40%, but the downstream will enter the peak season in the second half of the year, and the price of spandex will probably rise by 3000-5000 yuan / ton, or 8-9 months or more. Moreover, the supply and demand situation of spandex will be more intense in 2014, and prices will continue to rise or maintain at a higher level.


    Enterprise profit level promotion


    "The overall supply of the spandex industry is relatively tight, and the price of upstream raw materials has shown a slight downward trend. For example, the price of the new spandex spandex has exceeded the breakeven point, and the gross profit margin of the enterprise will also rise with the increase in price." Analysts said.


    It is understood that in July, the upstream raw material BDO price continued to be weak, the seller appeared a small profit margin behavior, PTMEG's market price was stable, while pure MDI price showed a slight downward trend, the decrease was 100 yuan / ton.


    Insiders pointed out that the upstream upstream of spandex Raw material Market The market will continue to show a small consolidation trend, and spandex fiber enterprises are also striving for higher profits on the premise of striving for market stability.


    The increase in downstream demand has also become an important factor in the increase of corporate profits. "After entering the autumn, the spandex market with heavy sports clothing and Leisure fabrics As the sales are improving, elastic fibers will be widely used downstream. " Textile industry analyst briefed the China Securities Journal reporter.


    Insiders pointed out that the market situation of spandex fiber in July was basically stable, and the downstream business was not ideal. In the off-season, the spandex market could not continue to rush. However, the demand for the spandex market will definitely increase after entering the autumn, which will definitely lead to a new round of price high price of spandex fiber.


    China National Securities recently conducted research on Huafeng spandex, and concluded that "40D spandex is in good demand at present, and has the possibility of exceeding expectations". Analyst Qi Qiushi said, "at present, the demand for 40D regular varieties is increasing. The demand for spandex industry in the off-season is 6, 7, 8 and three months. During this period, if the demand of spandex 40D can be maintained at present, it will probably make the off-season not light this year, when the spandex industry still has the possibility of exceeding the expected performance.

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