Market Dynamics: Demand Is Hard To Say Optimistic, Spandex Price Continues To Decline

According to the price monitoring of the business agency, the domestic spandex market continued to decline last week (December 20-24), with the market falling for seven weeks. The average price of mainstream factories was 67800 yuan / ton, a weekly decrease of 5.04% and a year-on-year increase of 62.98%. Spandex manufacturers started to maintain a high level around 87%, with sufficient supply. However, due to the weak demand, the resistance to shipment increased, and the price was flexibly adjusted according to the purchase intention. But still failed to significantly stimulate the downstream buyers to take goods sentiment, the overall spandex market continued to run in a weak position, trading atmosphere was flat.

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

Upstream raw material PTMEG market price is firm, upstream BDO high level continues, cost side support still exists. In terms of price: 1800 molecular weight source, mainstream factories offer 47000-49000 yuan / ton, and the actual order negotiation reference is 47000-48000 yuan / ton. The pure MDI market negotiation is around 20500 yuan / T telegraphic transfer in barrels. In January 2022, Wanhua manufacturers implemented 22500 yuan / ton of pure MDI barrel listing price, down 1300 yuan / ton month on month; In December, the settlement was 21500 yuan / ton, with a decrease of 1800 yuan / ton.

The demand of the downstream terminal market is weak, and the psychology of "buying up but not buying down" is just needed to follow up. Generally, they are not confident in the future market, and most customers are "bearish". At present, about 40-50% is started in the field of circular knitting machine, and about 50-60% in the field of warp knitting. Most factories in Shengze area of Jiangsu province plan to have a holiday nearby in mid January. Affected by the epidemic prevention and control and production adjustment in some areas, some factories in Shaoxing, Zhejiang Province have been on holiday.

Business analysts believe that the cost side of the support role to maintain, but the downstream just need to take goods, transaction follow-up is slow. It is hard to say that the short-term demand is optimistic, and the price of spandex continues to decline.