According to the price monitoring of the business community, the domestic spandex market price was in a high shock in December, showing a trend of first rising and then falling. The increase was significantly narrower than that of last month, with a monthly increase of 0.73% and a year-on-year increase of 29.78%. As of December 29, the average ex factory price of domestic spandex market was 41400 yuan / ton, and about 90% of the industry started. The manufacturer’s spot supply was stable, the cost side was good, the support performance was general, and the downstream terminal market demand was not followed up carefully.

Current mainstream price statistics of spandex market (unit: yuan / ton)

20D 30D 40D

Zhejiang: 46000-50000 45000-47000 38000-40000

Shandong Province: 48000-50000 45000-48000 38000-41000

Fujian 48000-50000 45000-48000 38000-41500

Jiangsu Province 46000-50000 45000-47000 37000-39000

The raw material PTMEG market keeps stable operation. At present, the mainstream quotation of 1800 molecular weight source is 18000-19000 yuan / ton, and the actual single negotiation is 17500-18500 yuan / ton. Affected by the tight supply of natural gas, a small number of manufacturers have reduced the burden, and the price support mentality of the factories still exists, with the industry starting around 80%. Specifically, in Yizheng Dalian’s 40000 ton plant shutdown, Sichuan Tianhua’s 46000 ton plant load dropped slightly, and Chongqing Chiyuan chemical’s 46000 ton plant load dropped slightly by about 70%. There is no pressure on factory inventory, and supply side support still exists. The pure MDI market was weak, with 530% of the industry started, and the trading atmosphere continued to be light. Most of the shippers shipped according to the market. The reference price was 22000-22500 yuan / ton by telegraphic transfer in barrels, and the actual order was subject to negotiation. Wanhua chemical’s listing price of pure MDI barrels in December 2020 was 28000 yuan / ton, which was the same as that in November. The settlement price in November is 27500 yuan / ton.

The domestic textile market continues to cool down, just need to continue to buy, the atmosphere is strong. The circular knitting industry started at 55% of the total, with weak and stable operation, while the warp knitting industry started at about 68% with minor adjustment. The number of orders is reduced and the stamina is insufficient. In winter, the turnover of fabrics is down on a month on month basis. In spring, the orders of fabrics are relatively limited, and the operating rate is insufficient in some parts. The weaving machine in Jiangsu and Zhejiang has dropped to 76%.

Business analysts believe that the current downstream terminal market demand follow-up is slow, new orders follow-up is less, some customers take goods on demand, resulting in the current spandex market high turnover weakness, manufacturers are cautious. However, the supporting role of PTMEG on the cost side still exists, and there is no great pressure on the low inventory of spandex itself. There is no new production capacity in the next year. Therefore, spandex manufacturers still have the intention to increase prices, and it is expected that the prices will remain volatile.