Increased Cost Pressures Drive Up Spandex Prices

Over the past two years, due to the continuous supply situation and the continuous decline of cost pressure, spandex price has been showing a downward trend of weakness.

As a result of the collapse of the problem, the overall market demand has shrunk. Therefore, spandex prices have been showing a monotonous downward trend in the past two years.

Since the beginning of August 2016, due to the impact of the G20 summit in Hangzhou, the spandex industry started to shrink, and downstream orders began to follow slightly.

Under this favorable support, manufacturers have raised their quotations, spandex has finally recovered and prices have continued to rise.

Domestic spandex market prices began to rebound from 16 in August, and prices rose all the way. Until now, the spandex market of 40D specifications has been quoted at 34650 yuan / ton. Up to now, the market has risen to 20.73%, and the price has also hit a new high for nearly three years.

At the beginning of August 2016, due to the impact of the G20 summit, factories in the Zhejiang area except Huafeng and Xiao Xing were all closed down. Among them, the supply of blue peacock equipment was significantly reduced in the first month. Meanwhile, the downstream orders were followed up slightly, and the market supply was tight.

At the end of August, spandex manufacturers generally offered a price increase of about 2000 yuan / ton, and the price of 40D spandex mainstream negotiation was basically 27000-30000 yuan / ton.

In November, the market price of upstream PTMEG of spandex was higher.

BDO continued to pull up support, the main manufacturers quoted prices have increased to varying degrees, to the end of the month, most of the main manufacturers quoted price up to 13500-14000 yuan / ton, the mainstream talks about 12700-13300 yuan / ton.

The downstream spandex also raised its bid in late January under the support of raw materials, and the market mentality was cautiously optimistic.

Entered in December, in the face of continuous cost push, coupled with the small market at the end of the year, the downstream stock orders follow up slightly, manufacturers actively push up, in December, the cumulative rise of 3000 yuan / ton, the market paction center of gravity is strong.

After the Spring Festival, PTMEG maintained its high position. Under the pressure of cost side, spandex manufacturers once again raised 1000-2000 yuan / ton. Up to now, the main quoted price of 40D spandex market is 32000-34000 yuan / ton.

At present, the domestic spandex market is running smoothly, the upstream PTMEG price is high, the downstream orders are followed up according to needs, and the spandex plant starts to maintain high level, and the market supply is abundant. The spandex market price is expected to continue to be high in the short term.

Pay attention to the trend of upstream PTMEG price trend.

From a regional perspective,

The market for acrylonitrile is on the market, and the outlet price of the port is about 12200 yuan / ton, which is 200 yuan / ton higher than the beginning of the week. The acrylonitrile in Shandong has been sent to 12200-12300 yuan / ton for a short time, up 100 yuan / ton compared with the beginning of the week.

The upstream propylene market is weak today, and the market pressure is heavy.

The supply side is relatively stable, and the role of propylene market continues to decrease.

At present, the main downstream market of propylene market is low, and the demand for propylene is low.

As of today, the mainstream price of propylene in East China market is stable at 7650-7700 yuan / ton, and the mainstream price of propylene in Shandong market is stable at 7800-7850 yuan / ton.

Downstream, the ABS industry started up to 9, the acrylic fiber industry still maintained a high load of 9.5 to up and down, demand support is obvious, and the short term will continue.

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