Weak demand dragged down the spandex market, with a decline of more than 10% in June

According to the price monitoring of the business club, the domestic spandex market maintained a downward trend in June. As of June 29, the average market price of 40d specification was 42200 yuan / ton, down 10.97% from the beginning of the month and 43.73% year-on-year. The spandex industry started 70.8% of the construction, and the spot supply is still sufficient. Most manufacturers let profits go to the warehouse.

Current mainstream price statistics of spandex market (unit: yuan / ton)

20D., 30D., 40D

Zhejiang, 48000-58000., 43000-47000., 39000-44000

Shandong, 48000-58000., 43000-47000., 39000-44000

Fujian, 48000-58000., 43000-47000., 39000-44000

Jiangsu, 48000-58000., 43000-47000., 39000-44000

In June, the domestic pure MDI market hit the bottom and rebounded, the manufacturer’s prices rose, and the traders were reluctant to sell and bullish. As of the end of the month, the market reference was 22500-23000 yuan / ton of telegraphic transfer barreled self withdrawal. It is difficult for PTMEG to keep its price, the downstream procurement is negative, and the BDO decline in cost is clear. Although there is factory maintenance, the overall supply is sufficient, and the market lacks positive support. As of the end of the month, the market negotiation evaluation of PTMEG (1800 molecular weight) was 35000-37000 yuan / ton.

Downstream end textile enterprises are cautious about the market and mainly purchase on demand. With the rise of temperature, the textile market has slowly entered the off-season, mainly in small batches, proofing and price seeking, and the issuance of new orders is limited. A small number of foreign trade orders in autumn and winter just need to be released, and the market order receiving atmosphere is also poor. At present, 30-40% of the construction in the circular knitting industry and around 60% of the construction in the warp knitting industry are expected to decline further.

Business analysts believe that the inventory of spandex manufacturers is high, and the start-up of devices may decline, and the production capacity will weaken. The supporting role of the cost side can be maintained. However, with the deepening of the off-season, the difficulty of issuing new orders will continue to increase, and the light demand will still drag down the spandex market.