The spandex market has continued to decline since the Spring Festival. As of February 22, the average market price was 55,000 yuan/ton, down 6.78% from February 7, and the same price as last year. The supply of goods is stable, and the spandex industry has started operations at 7.9%.
Current mainstream price statistics in the spandex market (unit: yuan/ton)
The upstream raw material market is stable and consolidated. The domestic market price of PTMEG (1800 molecular weight) is 42,000-43,000 yuan/ton, and the negotiation and evaluation is at 40,500-42,000 yuan/ton. The spot market of pure MDI is tight, and traders are reluctant to sell. The reference price is around 23,500 yuan/ton for wire transfer in barrels and self-pickup.
The downstream terminal sector will follow up cautiously and continue to purchase on demand. The overall pace of resumption of work for texturing and knitting factories in the Xiaoshao area of Zhejiang is slow. The operating rate of circular knitting machines for most small and medium-sized enterprises is 30-40%, and the operating rate of some enterprises is around 60%.
The current spandex market is flat and weak. The raw material pure MDI market is consolidating at a high level, cost support remains stable, the downstream domestic sales market is recovering slowly, and the wait-and-see mood is strong. It is expected that the spandex market will be weak and difficult to change in the short term.
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