SunSir: Spandex prices remain on a downward trend due to weak demand

According to the price monitoring of SunSirs, the domestic spandex market price maintained a downward trend from July 25 to 29 this week, with a weekly decline of 3.16% and a year-on-year decrease of 54.23%. Some spandex manufacturers cut their output to 7.2%, but the market supply is still sufficient.

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

The raw material pure MDI market is declining, the demand is weak, traders are selling goods at a profit, and the focus of mainstream negotiations in the market has dropped. As of July 27, the mainstream negotiation in the market is 20,000-20,500 yuan/ton wire transfer barreled self-collection. The PTME market price is running weakly, and the decline in the cost side has slowed down slightly, but the price of downstream spandex continues to be suppressed. The market price of PTMEG (1800 molecular weight) is 28,000-30,000 yuan/ton, and the industry starts to fall to 5.6%.

PTMEG manufacturers’ device changes

Currently the textile industry is in the off-season, coupled with the impact of power cuts, the operating level of circular knitting machines and wrapped yarns in Xiaoshao, Zhejiang remains at 30-50%; the operating level of wrapped yarns in Jiangsu remains at 40-50%; The start of warp knitting is 50-60%; the start-up of circular knitting machines and covered yarns in Guangdong is slightly lower, and the start-up of warp knitting is acceptable, and the overall start-up is maintained at 30-60%.

The demand of downstream terminal textile enterprises is light. Currently, the textile industry is in the off-season, and the high-temperature power consumption in the south is at its peak. Some downstream enterprises in Zhejiang Province have received notices of power cuts. At present, the operating rate of most weaving factories is at a low level. rate remained at around 50%. Follow up on demand, demand has not picked up, and continues to run in a downward trend.

Analysts from SunSirs believe that the current textile industry has obvious off-season characteristics, and the demand side remains weak. The support on the cost side is also weak, and the overall spandex market has a strong negative sentiment, and all parties are mainly waiting and watching. It is expected that the spandex market will maintain a downward trend in the short term.