According to the price monitoring of SunSirs, the domestic spandex market stabilized. As of April 26, the 40d specification was reported to be 53200 RMB/ton, flat compared with the previous trading day, down 21.30% year-on-year. The start-up of spandex industry was maintained at 830%, the spot supply was sufficient, and some manufacturers had accumulated inventory, so the actual transaction was discussed.
The market price of raw material PTMEG is weak. The market quotation of 1800 molecular weight is 41000-43000 RMB/ton, and the negotiation evaluation is 40000-41000 RMB/ton. On the cost side, the decline of BDO has slowed down, the market mentality is slightly supported, and the terminal demand is still weak. The domestic pure MDI market is stable, and the mainstream negotiation in the market is 21500-22000 RMB/ton telegraphic transfer barreled self withdrawal. The transportation efficiency is low and the supply and demand is light. The manufacturer will be listed in May and will be announced in the near future. Traders will wait and see more stable price shipments.
The sales pressure of spandex has not been alleviated. Affected by the epidemic, the terminal demand has shrunk significantly and the follow-up is insufficient. Most of them continue to buy just in need, and the market trading is general. At present, the startup rate of Jiangsu and Zhejiang looms has rebounded slightly, maintaining a low level of 54%. If the weaving factory continues to reduce production before May Day, the shipment pressure of spandex factory is still large.
SunSirs analysts believe that the spandex market is mainly stable. At present, the supporting role of the cost side is OK, but the demand is weak. It is expected that the spandex market price will be weak in the short term.
