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SunSirs: Cost Support Remained, and the Price of Spandex Continued to Rise in October

Increase font size  Decrease font size Date:2022-11-02   Views:166

  Price trend

  According to the price monitoring of SunSirs, the domestic spandex market continued to climb up in October. As of October 31, the average market price of the 40D specification was 38,000 RMB/ton, up 8.57% from the beginning of the month and down 52.85% year on year.

  As of the 31st, the operating rate of the spandex industry was around 70%, and the supply of goods gradually stabilized, but the inventory of some best-selling models remained low. Near the end of the month, the demand of some downstream customers followed up slightly, and the spandex manufacturers did not have much pressure for the time being. The overall market was cautious and wait-and-see.

  Analysis review

  After the National Day holiday, the upstream raw material market fluctuated to be strong, and cost support continued to increase. Among them, PTMEG operated at a relatively high price, boosted by the strong trend of cost BDO. The 1,800 molecular weight market was evaluated at 21,000-23,000 RMB/ton, up about 3,500 RMB/ton from the end of last month. The supply of domestic pure MDI manufacturers was tightened. With the high cost support, the market price kept rising, and the reference price was 20,600-21,000 RMB/ton.

  At the downstream textile terminals, as the winter stocking season was approaching the end, the Spring Festival this year is earlier than previous years, and the overall lacked of confidence in the future market. The demand for spandex was small, and most customers scheduled production according to their sales and followed up on demand. As of the 31st, the operating rate in Jiangsu remained low, the operating level in the round machine market was 30% to 40%, the orders in Guangdong were not large, and the operating level was still insufficient. The overall operating level was 30% to 60%, and the operating level of wrapped yarn in Xiaoshan and Shaoxing, Zhejiang was 30% to 50%.

  Market outlook

  Analysts from SunSirs believe that the focus of the raw material market is weak at present, and the cost side support is temporarily stable. On the demand side, the overall trading of spandex market is weak. As the traditional peak season ends, it will gradually weaken, and the inventory of spandex manufacturers may increase. It is expected that the spandex market will be mainly stable in the short term, and there may be downside risks in the middle and late November.

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