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SunSirs: The Price of Raw Materials Declined and the Spandex Market Maintained Stable and Watch-and-

Increase font size  Decrease font size Date:2023-09-27   Views:107

  According to the Commodity Market Analysis System of SunSirs, the domestic spandex market maintained stable operation this week (September 18-22). As of September 22, the price of 40D spandex was 34,250 RMB/ton, unchanged from the beginning of the week and a year-on-year decrease of 0.36%. The overall operating rate of the industry was around 72%.

  Analysis review

  The raw material pure MDI market was facing a weakly downward trend, and traders were mostly following the market. As if September 22nd, the mainstream spot market in the East China region was negotiating 21,800-22,200 RMB/ton for self delivery in barrels. In mid September, the price trend of PTMEG raw material BDO was downward, and cost support weakened. However, the overall operating rate of the domestic PTMEG industry was around 77.3%. The mainstream market quotation for 1800 molecular weight PTMEG was referenced at 20,000 RMB/ton, and some factories did not offer prices outside temporarily.

  From a downstream perspective, the weaving industry was still in the peak consumption season, with orders in both domestic and foreign markets improving, and some products were in tight demand. The demand for fabrics in China Light Textile City had slightly increased, and the orders placed were mainly for autumn and winter fabrics. Therefore, it had also driven the production enthusiasm of manufacturers, and the comprehensive operating rate of Jiangsu and Zhejiang looms had slightly increased to over 65%, but lower than the same period last year.

  Market outlook

  Analysts from SunSirs believe that as of September 22nd, the support for raw materials had loosened, and there was still a lot of uncertainty on the demand side. As of September 22nd, downstream procurement was cautious, and there were no large orders in the market, mainly maintaining just in needed replenishment. And from mid to late September to early October, terminal construction may decrease due to the impact of the Asian Games, leading to weaker demand expectations. Therefore, in the short term, spandex prices will stabilize and adjust to be weaker.

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