According to the Commodity Market Analysis System of Business Society, the domestic spandex market remained stable in December. As of December 13th, the price of 40D spandex was 32575 yuan/ton, unchanged from the beginning of the month and down 9.51% year-on-year. The industry’s operating rate remained around 72%.
The domestic pure MDI market is stable, and the mainstream negotiation for domestic spot goods is 20500-20800 yuan/ton by wire transfer for self pickup in barrels. The market negotiation atmosphere is light, traders follow the market, and downstream demand is sluggish. The overall operating rate of the domestic PTMEG industry is around 82%, and the price trend continues to decline, with a molecular weight of 1800 quoted at 18000-18500 yuan/ton.
Entering December, terminal demand has significantly weakened, orders have decreased, and the winter replenishment market is coming to an end. Recently, the shipment speed of autumn and winter fabrics has slowed down compared to the previous period, and downstream factories have relatively poor enthusiasm for stocking raw materials, which has dragged up the price of spandex. The downstream has a bearish attitude and the raw materials have not been digested, so the procurement of spandex is mainly based on rigid demand.
Business Society analysts believe that the cost side is operating weakly, and downstream wait-and-see sentiment has become stronger. Currently, there is little room for improvement in demand for spandex, and there are expectations of further weakness in the future. Under the dual weak pattern of cost and demand, it is expected that there is a possibility of a short-term decline in the price of spandex.
| http://www.pva-china.net |