In January, the market price of spandex continued to be weak, but it picked up slightly at the end of the month. According to the monitoring of the Business Agency, the average market price of the 40D specification was 35750 yuan/ton as of January 30, up 1.06% from the beginning of the month and down 39.41% year on year.

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

20D ,.30D,. 40D

Zhejiang,. 38000-43000.., 35000-41000,. 33000-38000

Shandong,. 38000-43000,. 35000-41000,. 33000-38000

Fujian,. 38000-46000,. 35000-41000,. 33000-38000

Jiangsu,. 38000-43000,. 35000-41000,. 33000-38000

In the raw material market, the price of PTMEG rose slightly in January, supported by the favorable BDO at the cost side and the maintenance of large factories in the early stage, so the overall inventory pressure was not high. Therefore, before the Spring Festival, the price of PTMEG suppliers is tentatively rising, and the market negotiation evaluation of PTMEG (1800 molecular weight) is 18000-19000 yuan/ton by the end of the month. The pure MDI market as a whole is short of cash, and the suppliers are reluctant to sell, and the focus of the mainstream negotiation has shifted upward. At present, the market reference is 17800-18200 yuan/ton of T/T barreled self-delivery.

During the Spring Festival, the turnover in Xiaoshao area of Zhejiang Province was average, and the round machine and yarn wrapping started in 1-3%; The starting level in Jiangsu is low, and the starting level in the round machine and yarn wrapping market is 1-3%; The demand in Guangdong follows slowly, and the starting level of the market for round knitting machines, yarn wrapping and warp knitting is between 1-3%. The follow-up of the overall market demand has slowed down significantly. The number of holiday factories has gradually increased, and the factories that still continue to work have also been stocked. The consumption of pre-inventory is mainly, and the number of inquiries and transactions is less. After the Spring Festival, the downstream gradually resumed work, and the demand has warmed up.

Analysts from the Business Agency believe that at present, the spandex manufacturers’ operating load has increased and the supply of goods is sufficient. The center of gravity of raw material prices is relatively strong, and the superimposed demand will gradually recover. It is expected that the spandex market will fluctuate and rise in the short term.