Since August, the domestic spandex market has maintained a downward trend. According to the price monitoring of the business association, as of August 15, the average market price was 34100 yuan / ton, down 6.58% from the beginning of the month and 59.01% year-on-year. The supply of spandex manufacturers was stable. The spandex industry started 60% of the project, and the project started to decline.

The cost side support is weakened, the market price of PTMEG is weak and volatile, and the suppliers continue to make profit. The market price of PTMEG (1800 molecular weight) is 24000-25000 yuan / ton. The pure MDI market declined slightly, and traders mostly shipped with them. The downstream demand was sluggish. The market reference price was 18200-18700 yuan / ton for telegraphic transfer barrel.

Half of August has passed, and the downstream terminal market just needs to take delivery. The overall market is full of wait-and-see atmosphere, and the actual delivery is based on sales. At the same time, according to the current orderly power consumption policy implemented in Zhejiang, some enterprises have stopped and reduced their load. The round machine industry has started 30-40%, and the warp knitting industry has started 60%. The overall startup rate has dropped significantly.

Business analysts believe that the support role of the cost side will be reduced, and downstream customers will continue to purchase just needed. All parties hold a cautious wait-and-see attitude towards the future market, and it is expected that the spandex market will be weak in the short term.