According to the price monitoring of SunSirs, the domestic spandex market continues to maintain stability. On October 21, the average market price was 80,600 yuan/ton, a year-on-year increase of 128.98%. . The operating rate of the spandex factory is at 7.50%, the spot supply is acceptable, and cost support still exists, but the terminal market continues to need follow-up, and the wait-and-see sentiment is heavy.
The upstream raw material market fluctuates upward, and the PTMEG market is dominated by price support. Mainstream factories offering 1,800 molecular weight supplies are offering prices around 46,000-49,000 yuan/ton, and actual orders are quoted at 45,000-48,000 yuan/ton. However, the negotiation atmosphere in the pure MDI market has weakened, traders have lowered their quotations, and the negotiated price is at 23,000-23,500 yuan/ton for wire transfer in barrels.
Downstream customers’ intention to purchase goods is limited. It is said that demand has recovered slightly and there is some replenishment action. Factories are cautious in receiving new orders and mainly place early orders for production. “Double Eleven” e-commerce clothing orders and winter home textile orders have picked up month-on-month, but they are still poor year-on-year. The current comprehensive operating rate of Jiangsu and Zhejiang looms is 55%.
Recently, the domestic spandex market price has not changed much. Manufacturers have gradually resumed operations. The supply of goods is sufficient, and individual spandex manufacturers are flexibly shipping. Overall, there is still good support on the cost side, but due to insufficient downstream demand, spandex prices are expected to be weak and fluctuate in the short term.
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