According to the Commodity Market Analysis System of Business Society, the domestic spandex market has remained stable since mid May, with a price of 29000 yuan/ton for 40D spandex as of May 22. The cost side support is still acceptable, and the demand for terminal textiles is insufficient as the off-season approaches. Spandex factories are actively shipping, but some manufacturers face inventory pressure.

At present, the actual negotiated reference price for domestically produced 1800 molecular weight PTMEG loose water in the spandex field is stable at 15000-15500 yuan/ton, but it has slightly decreased by 500 yuan/ton compared to last month. The pure MDI market spot reference is between 18300 and 18600 yuan/ton, and the overall supply from manufacturers has decreased. Traders are reluctant to sell and there is a willingness to raise prices.

Under the weakening demand during the off-season, downstream weaving factories are easing inventory pressure by reducing production passively and proactively. The seasonal decline in terminal demand is expected, and the current downstream weaving machine operating rate is stable at around 71%. With the weakening of the textile market and the accumulation of factory inventory, the expectation for the future market is poor. In the short term, it may mainly consume its own stock, and the purchasing mentality is cautious.

According to analysts from Business Society, the current spandex market is lukewarm, and downstream enterprises have a strong wait-and-see attitude, lacking confidence in the market and maintaining a demand for replenishment. However, there is some positive support on the cost side. In the domestic pure MDI market, there are more device shutdowns and maintenance, and the overall supply of manufacturers will decrease. It is expected that the domestic pure MDI market may stop falling and rebound in the short term. Therefore, the short-term market situation for spandex remains mainly stagnant.