As early as the end of March, there was news that the price of various specifications of spandex would increase by 1,500 yuan starting from April 5. Perhaps in the bleak March of the polyester industry, everyone was dubious about this news. However, just today (the 6th), various spandex manufacturers have issued red notices for price increases!
Taiguang spandex plans to increase by RMB 1,500-2,000/ton after the 10th in April. Due to heavy industry pressure, after the price increase, 40D will rise to RMB 39,500-48,000/ton, and 20D will rise to RMB 46,500-48,000/ton.
Hyosung Spandex plans to increase the price by 1,500 yuan/ton or 2,000 yuan/ton in April, and the market price of 40D is expected to reach 39,500-40,000 yuan/ton.
Domestic manufacturers such as Huahai, Xinxiang, Shuangliang Shuerzi, Blue Peacock Lianyungang Duzhong plan to increase prices by 1,500 yuan/ton on April 5.
Looking at the trend of spandex prices this year, it can be described as “steady rise”. Spandex always survives when other polyester raw materials rise and fall, and then suddenly becomes unpopular when everyone is taking a break. What are the reasons for the rise in spandex prices this time? The author asked several manufacturers to understand the situation.
First of all, Mr. Ma from Hyosung Spandex confirmed the authenticity of the spandex price increase. At present, their company’s products have generally increased by 1,500 yuan/ton, and the fundamental reason for this price increase is that the prices of raw materials PTMEG and pure MDI have remained high. He He also said that the spandex price increase this time will not bring much extra profit. It can only be said to be the same as the cost. In addition, the downstream demand is mediocre and the actual demand is also limited. This price increase is mainly to protect capital. Will the price be sustainable in the future? The increase will still be determined by downstream demand.
The sales manager of a spandex company in Zhuji said that the price increase was also affected by the continued rise in raw materials. Therefore, in order to maintain basic profits, the price could only be raised. However, the specific negotiated price must be determined based on actual demand. There is a price but no market. The situation is not what we want to see.
In terms of raw materials: The listed price of Wanhua Chemical’s pure MDI bulk water supply in April increased by 2,500 to 28,000 yuan/ton compared with the previous month; while some manufacturers of PTMEG also expressed intention to raise prices in April, with an increase of more than 1,000 yuan.
Downstream demand: Downstream circular knitting machine start-up is around 55%, lace machine start-up is at 55%, and wrapped yarn start-up is at 68%, all of which are lower than the previous period. It can be seen that downstream demand has not improved.
To sum up, the spandex price increase this time can be described as a “helpless” move. The price increase is decided by the spandex manufacturers, but whether the price increase momentum can be maintained or even continued depends on downstream demand!
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