Recently, the domestic spandex market has maintained stable operation. According to the Commodity Market Analysis System of Business Society, as of September 18th, the price of 40D spandex was 34250 yuan/ton, and the industry’s overall construction started at around 72%. The cost support has become loose, and there has been a slight rebound in the downstream.
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Current mainstream price statistics of spandex market (unit: yuan/ton)
20D/ 30D/ 40D
Zhejiang/ 38000./37000./35000
Henan/ 37000./35500./33000
Fujian/ 37000./34000./32500
Jiangsu/ 39500./37500./36500
In the raw material market, there have been imported sources of goods arriving at the port recently, and traders have increased their enthusiasm for shipping. The mainstream quotation in the pure MDI market has slightly declined, and the mainstream negotiation for spot goods in the East China region is 22300-22500 yuan/ton by wire transfer in barrels for self pickup. The overall operating rate of the domestic PTMEG industry has slightly rebounded to over 77%, with a molecular weight of 1800 quoted at 21000 yuan/ton.
As the market enters the “Golden Nine” consumption peak season, terminal orders in the chemical fiber industry have rebounded, and the operating load of the weaving industry has started to slightly rebound due to this impact. Among them, the comprehensive operating rate of weaving in the Jiangsu and Zhejiang regions is around 65%. In terms of textile industry exports, the decline in China’s textile and clothing exports narrowed in August, with textile and clothing exports reaching 27.86 billion US dollars, a decrease of 10.2%, and a month on month increase of 2.8%. Among them, textile exports reached 11.69 billion US dollars, a decrease of 6.3%, and a month on month increase of 4.8%. Clothing exports reached 16.17 billion US dollars, a decrease of 12.7%, and a month on month increase of 1.3%.
Analysts from Business Society believe that the current narrow adjustment in the cost end price of spandex has led to good downstream sales, but with the gradual release of demand during the peak season, it is difficult for demand to rise further. At the same time, in terms of orders, small orders are the main focus, and downstream enterprises are just in need of restocking, so stocking is more cautious, so there is still more uncertainty. It is expected that the short-term market situation for spandex will be dominated by wait-and-see consolidation.
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