According to the price monitoring of the business agency, since the middle of August this year, the domestic market of spandex has been rising. As of November 16, the average ex factory price of 40d was 40800 yuan / ton, with an increase of 32.04% in the past three months and a year-on-year increase of 28.87%.
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Current mainstream price statistics of spandex market (unit: yuan / ton)
20D 30D 40D
Zhejiang 41000-45000 40000-41000 35000-37000
Shandong 42000-45000 40000-42000 35000-38000
Fujian 42000-45000 40000-42000 35000-38000
Jiangsu 41000-45000 40000-41000 35000-37000
Spandex manufacturers have also issued price increase notices for many times. On the one hand, it is mainly from the upstream cost push up. On the other hand, the downstream terminal customers’ orders are well followed up. The manufacturers’ overstocked inventory in the early stage is gradually cleared, and the inventory level has dropped to the historical low level, and even some batch numbers are tense. The prices of various specifications have increased by 1000-2000 yuan / ton from the beginning to 2000-3000 yuan / ton in the later stage 。 At present, the 40d price of the factory ranges from 35000 to 43000 yuan / ton. The market is still strong and high, and the industry is operating at a high level near 90%, and the supply of goods is still slightly tight.
Pure MDI of upstream raw materials began to rise. From the beginning of August, the spot market price of pure MDI in China was 13500 yuan / ton, and 35000 yuan / ton in early November. It took three months, and the price more than doubled. In particular, since the National Day holiday, the market heard that there is a maintenance plan, the operating load maintained a low level of around 45%, and the price rose strongly. However, due to the resistance of downstream customers and the lack of transaction atmosphere, the focus of trading in November continued to be weak, and the price began to fall. As of November 13, the spot market price of pure MDI referred to 29000-29500 yuan / ton of telegraphic transfer in barrels.
However, the price of PTMEG, the main raw material of spandex, was relatively moderate. The market price was weak in August and rose slowly since September. At the beginning of September, the mainstream price of 1800 molecular weight goods in the spot market was 13800-14500 yuan / ton, and the actual price was negotiated at 13700-14300 yuan / ton. In November, the cost is stronger, the supply of PTMEG market is still tight, and the intention of the factory to support the price continues. At present, the mainstream quotation of 1800 molecular weight goods source is 16500-17000 yuan / ton, and the actual price negotiation is 15500-16800 yuan / ton. In terms of plant, in Shanghai BASF 110000 tons of plant load reduction operation, Yizheng Dalian 40000 tons of plant shutdown, PTMEG industry started 71%, start carefully.
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In the “silver 10″ market, the downstream market has been active in purchasing and selling, and the backlog of replenishment demand in the early stage has burst, ushering in the peak sales season since this year. However, in November, the purchase and sales weakened, and the increase of follow-up orders was less than expected. It will also enter the traditional off-season of the industry. After the domestic “double 11″ orders, the follow-up connection of orders is weak, and the product inventory is expected to gradually accumulate. However, with the approaching of Christmas and Spring Festival, the market cooling rate is expected to be limited in the short term under the stimulation of holiday orders. At present, Xiaoshao area is generally started, and the level of round knitting machine and wrapping yarn market is maintained at 70-80%; enterprises in Changshu maintain stable start-up, and the starting level of round knitting machine market is maintained at around 60%; the market in Fujian is fair, with lace around 60% and warp knitting around 80%; Guangdong is cautious in starting, and the market of yarn wrapping, warp knitting and circular knitting is maintained at 60-70%.
Business agency analysts believe that the cost side of pure MDI spot market price shock and fall, but PTMEG is still running, supporting role still exists. Downstream customers temporarily maintain on-demand pick-up, new orders follow-up slightly gentle, the atmosphere of market observation is gradually strong. In the short term, the price of spandex will remain high.
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