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    Supply Is Still Tight, Spandex Rose More Than 10% In A Month

    2020/11/28 15:04:00 0

    Spandex

    According to the price monitoring of the business agency, the domestic spandex market still maintained an upward trend in November. As of November 27, the average ex factory price of 40d was 41100 yuan / ton, up 10.48% compared with the beginning of the month, with a year-on-year increase of 30.48%. Around 90% of the spandex industry started, the supply tension of manufacturers has not yet eased, and the supply of some goods is still tight. Raw material support weakened, downstream terminal market just need to purchase, actual demand follow-up slightly reduced.

       Current mainstream price statistics of spandex market (unit: yuan / ton)


    20D 30D 40D
    Zhejiang 46000-50000 45000-47000 37000-40000
    Shandong 48000-50000 45000-48000 38000-42000
    Fujian 48000-50000 45000-48000 38000-41000
    Jiangsu 46000-50000 45000-47000 37000-40000

    In November, raw material pure MDI market weakened, downstream purchasing enthusiasm continued to be low, new orders difficult to large volume, buying mentality is empty. At the end of the month, shippers were mainly active in shipping, and the focus of negotiation kept falling. As of November 27, the market referred to 25500-26500 yuan / ton of telegraphic transfer in barrels, and the actual negotiation was the basis, with a decrease of 7500 yuan / ton compared with the beginning of the month. In December 2020, the listing price of pure MDI in barrels of Wanhua chemical was 28000 yuan / ton, which was the same as that in November, and the settlement price in November was 27500 yuan / ton. PTMEG market is in weak consolidation operation, raw materials and downstream demand side are cooling down, and the wait-and-see intention is enhanced. In terms of price, the mainstream quotation of 1800 molecular weight goods source is 17000-18000 yuan / ton, and the actual single negotiation is between 16200-17500 yuan / ton, which is 1200-1500 yuan / ton lower than that at the beginning of the month. The 40000 ton plant in Yizheng Dalian is still in shutdown, and the overall operating rate of the industry is 80%, maintaining a high level.

    The downstream terminal market was purchased on demand, and the trading atmosphere was slightly cautious. In November, the whole textile terminal market fell completely. On the one hand, the textile industry at this time of year will appear seasonal weakness, on the other hand, the early "double 11" stock up has overdraft on the later demand. According to China Light and textile city news, the current downstream fabric trade began to reduce orders, stop the situation, textile market orders are basically reduced, most of the affected orders are foreign trade orders.

    Business agency analysts believe that the spandex market by its own supply is still tight, the price is still high. However, the supporting role of the cost side is insufficient, the demand follow-up of the terminal market is gradually weakening, and the follow-up of new orders is less, so the overall market wait-and-see sentiment is strong. It is expected that the spandex market will remain at a high level in the short term.

    (source: Business Club)


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