According to the price monitoring of business society, the domestic spandex market has maintained a downward trend this week (December 20-24). The market has fallen for seven consecutive weeks. The average price of mainstream factories is 67800 yuan / ton, a weekly decrease of 5.04% and a year-on-year increase of 62.98%. Spandex manufacturers started to maintain a high level around 870%, with sufficient supply. However, due to the weak demand, the shipping resistance increased, and the price was flexibly adjusted according to the buying intention. However, it still failed to significantly arouse the sentiment of downstream buyers to take goods. The overall spandex market continued to operate in a weak manner, and the trading atmosphere was flat.

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

20D, 30D, 40D

Zhejiang 82000-90000 72000-80000 62000-68000

Shandong 84000-90000 74000-80000 64000-68000

Fujian 84000-90000 74000-80000 64000-68000

Jiangsu 82000-90000 72000-80000 62000-68000

The market price of upstream raw material PTMEG is strong, the high level of upstream BDO continues, and the cost support still exists. In terms of price: mainstream factories with 1800 molecular weight supply offer around 47000-49000 yuan / ton, and 47000-48000 yuan / ton can be referred to for actual order negotiation. Pure MDI market negotiation is near 20500 yuan / ton telegraphic transfer barrel self delivery. In January 2022, the listing price of pure MDI barrels of Wanhua manufacturer was 22500 yuan / ton, down 1300 yuan / ton month on month; In December, the settlement was 21500 yuan / ton, down 1800 yuan / ton month on month.

The downstream terminal market demand is weak, and the psychology of “buying up but not buying down” just needs to be followed up. Generally, they lack confidence in the future market, and most customers hold a “bearish” mentality. At present, about 40-50% of the work has been started in the field of circular knitting and about 50-60% in the field of warp knitting. Most factories in Shengze, Jiangsu province plan to have a holiday near mid January. Affected by the epidemic prevention and control and production adjustment in some areas, individual factories in Shaoxing, Zhejiang have been on holiday.

Business analysts believe that the supporting role of the cost side is maintained, but the downstream just needs to take goods, and the transaction follow-up is slow. It is expected that the short-term demand is difficult to be optimistic, and the price of spandex continues to decline.