According to the price monitoring of business society, the domestic spandex market fluctuated downward in November. As of November 29, the average market price was 77600 yuan / ton, down 3.72% from the beginning of the month and up 88.81% year-on-year. The start-up of spandex manufacturers increased to a high of 880%, the spot supply in the market was stable, and the manufacturers actively shipped, but the market trading atmosphere was light and the wait-and-see atmosphere was strong.
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Current mainstream price statistics of spandex market (unit: yuan / ton)
20D 30D 40D
Zhejiang 98000-103000 87000-89000 76000-77000
Shandong 100000-103000 88000-90000 70000-78000
Fujian 100000-103000 88000-90000 77000-78000
Jiangsu 100000-103000 87000-89000 76000-77000
In November, the raw materials were pure MDI market, the spot was tight and the market rebounded. However, the demand in the downstream of the terminal was just depressed, and the market fell back after a short rebound, mainly showing a narrow decline. And near the end of the month, there are many sources of goods from Japan and South Korea to Hong Kong, and the mainstream quotation in the market is lower. As of the end of the month, the mainstream negotiation in the domestic market is 21500-22300 yuan / ton, which is 1700-2000 yuan / ton lower than that at the beginning of the month.
PTMEG market consolidation was maintained. At present, the mainstream factories with 1800 molecular weight sources offer around 47000-49000 yuan / ton, down 1000 yuan / ton compared with the beginning of the month. However, due to the stability of upstream BDO prices, the price support mentality of the factories was obvious, and the industrial commencement increased slightly by 83%.
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Affected by the gradual slowdown in the shipment of flannelette and other fabrics in autumn and winter, the startup rate of large circular machine decreased locally, and the round machine and yarn wrapping started in Xiaoshao area is around 50%. The operating level of the round knitting machine and yarn wrapping Market in Jiangsu is 40-50%, the orders in the downstream market in Guangdong are slightly followed up, and the operating level of the round knitting machine, yarn wrapping and warp knitting market is 50-70%. At present, the undelivered orders in the hands of knitting factories can be achieved at the beginning of next month, and the factories with sufficient orders can be achieved at the end of next month. However, some factories have no orders and mainly focus on production inventory. They generally lack confidence in the future market and focus on cautious procurement of spandex.
In terms of the textile industry, according to the textile index of business society, the textile industry weakened in November. As of November 29, the textile index was 1044 points, down 49 points from 1093 points at the beginning of the month, down 9.69% from 1156 points (2018-09-03), the highest point in the cycle, and up 53.30% from 681 points, the lowest point on August 13, 2020. (Note: the period refers to the period from December 1, 2011 to now)
In terms of exports, China’s textile and garment exports in October amounted to US $28.94 billion, a year-on-year increase of 16.5%. Among them, the export of textiles in that month was US $12.5 billion, a year-on-year increase of 7.3%, and the positive growth in a single month has resumed for the first time since the second quarter of this year. In October, garment exports reached US $16.44 billion, a year-on-year increase of 24.7%.
Business analysts believe that the high price of raw materials fell slightly, but the supporting role of the cost side can still be adhered to. However, at present, the demand side is slow to follow up, which is bad for the price of spandex. Especially with the domestic autumn and winter orders or gradually ending, the trading atmosphere will be insufficient, and the market weakness will intensify. It is expected that the short-term price of spandex will still maintain a downward trend.
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