According to the price monitoring of SunSirs, the market price of spandex continued to fall slightly this week (September 20-24), and mainstream manufacturers quoted prices. Stable but weak, as of September 24, the average price of 40D specifications was 80,600 yuan/ton, down 0.49% from the beginning of the week, and a year-on-year increase of 143.50%. Some manufacturers have plans to reduce production. Currently, the supply of goods in the market is stable, and the industry start-up remains at a high level of around 90%.
Current mainstream price statistics in the spandex market (unit: yuan/ton)
The price of raw material PTMEG is temporarily Stable operation, upstream BDO continues to be warm, support still exists, downstream spandex demand is generally followed, transactions are cautious, price: 1800 molecular weight supply mainstream factory quotation is around 46000-49000 yuan/ton, actual order negotiation reference 45000-48000 yuan/ton Ton. The PTMEG industry has an operating start-up of 6.4%, and the start-up is low and stable. Among them, Sinopec Great Wall Energy and Chemical’s 92,000-ton unit is under maintenance, and Xinjiang Cathay Xinhua’s 60,000-ton unit is under maintenance in turn.
Downstream textile end customers have started production at a low level and have less follow-up demand. The overall market has a wait-and-see mentality towards the market outlook. At present, Jiangsu and Zhejiang and other places are affected by power cuts in weaving enterprises, “double reduction and double control” in printing and dyeing plants, and insufficient quality during the “Golden Nine and Silver Ten” periods. The operating load of looms has dropped rapidly to less than 55%. In terms of exports, shipping costs continue to rise, transportation turnaround times are lengthened, and logistics costs increase, resulting in pressure on overseas orders.
The cost support is acceptable, and downstream purchases are mainly for rigid needs. As terminal orders remain sluggish and the load of some factories will continue to decline as the National Day holiday approaches, the spandex market price is expected to remain weak in the short term. </p
