According to the Commodity Market Analysis System of Business Society, the spandex market continued to weaken this week (5.22-5.26), with an average price of 33375 yuan/ton in the 40D market as of May 26, a decrease of 1.48% compared to the beginning of the week, and a slight narrowing of the weekly decline compared to last week.

The inventory pressure of mainstream spandex factories has increased, and actual negotiations are flexible. Enterprises often offer discounts, and quotations have been lowered to varying degrees, ranging from 500 to 1000 yuan/ton compared to the beginning of the week.

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

Region/ 20D/ 30D/ 40D

Henan/ 36000./35000./32000

Fujian/ 36500./34500./32500

Zhejiang/ 38000./37000./34000

Jiangsu/ 38000./36000./35000

Downstream weaving factories have a weak willingness to stock up on raw materials, with a focus on purchasing on demand and a strong wait-and-see attitude. On the one hand, factories prioritize the consumption of raw material inventory, and on the other hand, many enterprises choose to reduce burden independently, especially in the weaving industry, where the burden reduction is more obvious. Currently, Jiangsu and Zhejiang weaving machines have dropped to around 60%.

Analysts from Business Society believe that the current support for raw materials PTMEG and pure MDI is average, while downstream demand is weak and follows suit. Spandex still maintains a negative trend.