Manufacturers Supply Is Still Tight, Spandex Prices Remain Volatile Upward

According to price monitoring, the price of domestic spandex market has been fluctuating upward in the past week. As of January 28, the average factory price of spandex in China was 46300 yuan / ton, up 6.44% over January 21 and 45.14% year-on-year. The industry starts to maintain at around 90%, the supply of manufacturers is still tight, the terminal market is gradually on holiday, the market is tight, the price is high, and watch carefully.

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

In recent years, the price of PTMEG in the raw material market has been running higher, the support of cost has been strengthened, the inventory of PTMEG factory is not under pressure, the order receiving is smooth, and the intention of raising price is strong. In terms of price, the mainstream quotation of 1800 molecular weight source is 19500-20500 yuan / ton, and the actual price negotiation is 19500-20000 yuan / ton. The start-up of the industry is maintained at around 80%. Specifically, among the 40000 ton units in Yizheng Dalian, the operation load of 60000 tons in Panjin Changchun is not high, and that of Chongqing Chiyuan chemical industry is about 70%.

Pure MDI market mainly wait-and-see sorting, and the preparation of goods before the festival is basically finished in the downstream of the holiday. Most of the cargo holders have cleared their positions and hold their goods. Sporadic offers are stable, and the trading atmosphere is weak. Refer to 22500-23500 yuan / T telegraphic transfer in barrels, and the actual order negotiation shall prevail. In January 2021, Wanhua chemical carried out 24000 yuan / ton of pure MDI, which was 4000 yuan / ton lower than that in December 2020. In December 2020, the settlement price was 23500 yuan / ton, with a decrease of 4000 yuan / ton.

The terminal textile factory is gradually on holiday and finishing up. It is cautious and wait-and-see attitude towards raw materials. The market trading atmosphere is flat, and some early orders have not been handed over. Jiangsu and Zhejiang looms have dropped to around 60%, 30-40% in circular knitting and 40-60% in warp knitting. In the traditional textile market, there is still a decline in the spot subscription of fabric from north and South merchants in winter, and the order undertaking is relatively limited, and the overall market turnover is lower than that of the earlier period.

Analysts believe that, at present, the price of spandex market is firm, the upstream cost side is favorable, and the support is increased. The supply tension of spandex factories has not been eased, and the holiday atmosphere in the terminal market is relatively strong. All parties hold the market mentality, and it is expected that the high price of spandex market will be adjusted in the short term.