Since February, the focus of the domestic spandex market has been moving upward. According to the monitoring of the Business Agency, the average market price of the 40D specification was 38000 yuan/ton as of February 16, up 6.29% from the beginning of the month and down 34.37% year on year. The start of spandex industry has increased to more than 80%, the cost support has been maintained, and the start of downstream enterprises has been improved, continuously boosting the price of spandex.
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Recently, the price of PTMEG in the spandex field has continued to rise, and the overall market supply is limited, with the negotiated price of 20000-22000 yuan/ton. The pure MDI market reference is stable in the range of 19000-9500 yuan/ton by T/T, and the mainstream traders are more stable in price delivery.
The buying and selling atmosphere of downstream customers and dealers has rebounded, and the construction of many fields of terminal textiles has been slowly improved, with the construction of 3-4% in the circle machine field and 50% in the warp knitting field. The demand trend has begun to increase.
Analysts from the Business Agency believe that the current cost of spandex and demand both support the price of spandex, and it is expected that the price of spandex will remain relatively strong in the future.
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