Spandex market conditions are not optimistic, the continued high prices of raw materials, the manufacturers of the market is getting depressed, desperation can only stop production, maintenance equipment to control inventory. However, with the cautious approach of downstream buyers and the fact that orders are always small, and procurement is on-demand, the total procurement volume has been low, low, low, no breakthrough, and no success.
The price of raw materials in the upper reaches of the high level in the recent period spanning the spandex raw material market is still high. The pure MDI domestic trading market has been affected by the increase in aggregated MDI prices and the increase in transaction volume in the past few days. Some buyers have also raised their concerns. However, at the end of the industry chain, the total amount of orders remained insufficient, causing the overall transaction status to remain low. In terms of selling prices, although the firm's upward quotations may prompt market quotations to follow up slowly, the overall market is still consolidating. Spot cash is available at RMB 16500-17200/t, with some small orders higher. Since the PTMEG monthly contract negotiation period, downstream buyers, especially the main demand side, were forced to continue bearishness and wait for the purchase mentality of the PTMEG because of the lower production and sales situation and the lack of confidence in the latter stage of the market.
Insufficient demand in the downstream market Near the end of the year, the confidence of the entire market is very sluggish. After spandex prices have been sold for more than half a month, some companies sell their minds as long as someone purchases them.
In the recent entire industry chain, downstream procurement has been carried out at low altitudes. Due to the desertion of the downstream fabrics market, the purchase of spandex was gradually reduced, and even wait-and-see was the main reason. As a result, the spandex inventories rose. Therefore, the production of control devices had to be adopted to lower the quotation and other operations.
However, recently weaving companies began to habitually make up their positions, and the bottom-spinning operation led to a slight increase in the purchase of spandex, which led to an increase in the amount of purchases. The confidence of manufacturers began to recover, and trading began to improve. Although the overall volume is still not optimistic, the atmosphere of the spandex market has begun to ease and pick up. The price of Spandex 20D is firm and stable.
March 30, 2022
