In June, the domestic textile market continued to fluctuate and adjusted slightly. According to the textile index of business community, as of June 28, the textile index was 950 points, up 3 points from 947 points at the beginning of the month, down 17.82% from the highest point 1156 points (September 3, 2018) in the cycle, and up 39.50% from the lowest point 681 points (August 13, 2020)（ Note: period refers to the period from December 1, 2011 to now

June 1-28 textile commodity price rise and fall list unit: yuan / ton

commodity June 1st June 28th Up and down Year on year rise and fall

PTA four thousand seven hundred and sixty-four point five five five thousand one hundred and fifty-nine point five five 8.29% 40.91%

spandex sixty-nine thousand and four hundred seventy-five thousand 8.07% 138.10%

Polyester FDY seven thousand four hundred and fifty-five point seven one seven thousand seven hundred and twenty-five point seven one 3.62% 22.83%

lint fifteen thousand seven hundred and ninety-one sixteen thousand one hundred and fifty-six point five 2.31% 35.92%

acrylonitrile fourteen thousand four hundred and eighty fourteen thousand seven hundred and ninety 2.14% 70%

Polyester staple fiber six thousand nine hundred and fifty-one point six seven seven thousand and twenty-six point six seven 1.08% 17.60%

raw silk four hundred and nineteen thousand four hundred and twenty-three thousand 0.95% 47.13%

Polyester POY seven thousand two hundred and thirty-eight point eight nine seven thousand three hundred and five point five six 0.92% 30.60%

Polyester DTY eight thousand seven hundred and six point three six eight thousand seven hundred and seventy-nine point zero nine 0.84% 20.65%

Nylon FDY twenty thousand twenty thousand 0% 19.40%

Dried cocoon one hundred and thirty-nine thousand one hundred and thirty-nine thousand 0% 47.87%

Polyester yarn fourteen thousand and one hundred fourteen thousand and one hundred 0% 7.14%

Nylon DTY nineteen thousand eight hundred and sixty nineteen thousand six hundred and sixty – 1.01% 22.88%

Cotton yarn 32S twenty-six thousand and one hundred twenty-five thousand six hundred and sixty-six point six seven – 1.66% 24.14%

Cotton yarn 21s twenty-four thousand nine hundred and sixty-six point six seven twenty-four thousand five hundred and thirty-three point three three – 1.74% 24.53%

Nylon POY seventeen thousand and four hundred seventeen thousand and seventy-five – 1.87% 25.55%

Viscose staple thirteen thousand and eight hundred thirteen thousand four hundred and sixty – 2.46% 41.68%

Rayon yarn eighteen thousand and two hundred seventeen thousand four hundred and thirty-three point three three – 4.21% 25.72%

Among the 18 kinds of commodities in the textile sector in the list of commodity price rise and fall, 9 kinds of commodities rose month on month, among which PTA (8.29%), spandex (8.07%) and polyester FDY (3.62%) were the top three. There were 6 kinds of commodities that declined on a month on month basis, and the top 3 products were rayon yarn (- 4.21%), viscose staple fiber (- 2.46%) and nylon POY (- 1.87%).

The spandex market rose rapidly in June. As of June 29, the price was 75000 yuan / ton, up 8.07% from the beginning of the month and 138.10% from the same period last year, reaching a 10-year high.

With the increase of demand, the supply of spandex continues to be tight. With the increasing demand for leisure and sports clothing products, spandex as an important raw material of elastic fabric, the demand also increases accordingly. At present, the start-up of the spandex industry remains at a high level around 90%, but the inventory level continues to drop to a historical low. Some manufacturers say that they have only 3-5 days’ supply, and some even say that there is no inventory pressure for the time being. At the same time, the export volume of spandex increased. As some foreign markets have not yet fully recovered due to the impact of the epidemic, the orders turned to the domestic market. The export volume in the first five months was about 40500 tons, up 58% over the same period last year.

In addition, the strong rise of raw material end is also an important reason to drive the price of spandex up all the way. This year, affected by environmental protection, PTMEG industry chain is very hot. The market price of PTMEG is 1800 molecular weight, and the mainstream factory offers around 38000 yuan / ton, while the mainstream offer in the same period last year is 14000-15000 yuan / ton. The mainstream negotiation of pure MDI in East China market was 19600-20000 yuan / ton by telegraphic transfer in barrels, and the quotation in the same period last year was 13600-14200 yuan / ton by telegraphic transfer in barrels.

Business analysts believe that domestic demand plus export double good, promote the good development of spandex industry. It is difficult to improve the short-term supply shortage of spandex itself, and some factories still have the intention to explore. It is expected that the spandex market is expected to maintain a high level in the short term, and we still need to pay attention to the changes of cost side and terminal demand in the later stage.

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