According to the price monitoring of the business agency, the domestic spandex market continued to decline in July. As of July 28, the average price of spandex 40d specifications was 31100 yuan / ton, down 1.27% compared with the beginning of the month, and 2.51% lower than that at the beginning of the month. The price was at a three-year low, down 14.44% from July 28, 2017.
Current mainstream price statistics of spandex market (unit: yuan / ton)
20D 30D 40D
Zhejiang 35000-36000 34000-35000 28000-28500
Shandong 36000-37000 34500-35500 28500-29000
Fujian 37000-38000 34500-35500 28500-29000
Jiangsu 35000-36000 34000-35000 29000-31200
At present, the spandex industry started 80% of the total, high-level operation, stable supply of goods. The cost side support is insufficient, the terminal market demand is still weak, customers purchase on demand, the actual transaction details. At present, the reference for 20d spandex mainstream negotiation in Zhejiang is 35000-36000 yuan / ton; for 30d spandex, it is 34000-35000 yuan / ton; for 40d spandex, it is 28000-28500 yuan / ton, and the actual transaction is detailed.
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Summary of production and sales trends of domestic PTMEG manufacturers
Enterprise name address capacity (10000 tons / year) remarks
Shanxi 3D and Shanxi Hongdong 5 are in parking, and there is no plan to restart temporarily
Yizheng Dalian Jiangsu Yizheng 4 plant shutdown
Sinopec Great Wall energy chemical Ningxia Yinchuan 9.2 unit load is not high
Henan Nenghua Henan Hebi 6 parking
The load of Xinjiang Meike Xinjiang Korla 5 unit is not high
Maintenance delay of 4.6 from Tunhe in Lanshan, Xinjiang to Changji, Xinjiang
In the raw material market, PTMEG market continued to be weak, with the mainstream quotation of 1800 molecular weight goods source at 13800-14800 yuan / ton, and the actual negotiation price was 13800-14300 yuan / ton. Market supply is sufficient, PTMEG industry started 50% above, start carefully. Among them, Shanxi sanwei 50000 tons, Yizheng Dalian 40000 tons, Henan energy chemical 60000 tons of plant shutdown, there is no restart plan. Sinopec Great Wall energy and chemical 92000 tons, Xinjiang Meike 50000 tons of unit load is not high, Xinjiang Lanshan Tunhe 46000 tons of maintenance delay.
Market price change of pure MDI in July (unit: yuan / ton)
Region: July 1 – July 15 – July 28
South China 13500-13800-13000-13500-13000-13500
North China 13500-13800-13200-13500-13000-13500
East China 13300-13700 13000-13500-13000-13500
In addition, the pure MDI market is at a low level, and the demand side support is still weak. Near the end of the month, the downstream just needs to follow up the replenishment, and some manufacturers’ offers have increased, but the volume is limited, and the low-cost source of goods is still available. The current market quotation is 13000-13500 yuan / T in barrels.
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The downstream textile terminal market is currently in the off-season, and the general intention of receiving orders is not high, and the overall market has a strong wait-and-see atmosphere for the future market. In Xiaoshao area of Zhejiang Province, the starting level of circular knitting machine market is maintained at 40%, and that of wrapping yarn market is maintained at 5-60%; the start-up of yarn wrapping enterprises in Zhangjiagang area is average, and the overall starting level is maintained at 50-60%. The start-up in Fujian is not high, with lace at 30-40% and warp knitting at 50-60%; Guangdong’s orders follow-up is stable, and the start-up of circular machine and warp knitting market is maintained at 50-70%. Recently, there are many styles of polyester and spandex elastic fabric hanging samples in the traditional market of China Textile City in autumn and winter, but some varieties are mainly hanging samples. Although there are small and medium-sized batch spot transactions and orders to undertake, some order batches are mainly on credit, and some small and medium-sized business households are not willing to trade on credit, resulting in relatively limited market transactions and weak transactions in recent days.
Business Club analysts believe that due to the sluggish demand of the spandex industry, the partial production of new effective capacity, and the slow elimination of old and backward production capacity and other factors, the oversupply makes the price trend weak, the industry’s profit gradually reduces with the price downward, and the loss pressure of the old equipment is significantly increased. Superimposed on the current off-season, the inventory of downstream textile enterprises increased significantly, and profit making promotion activities were put on the agenda again. So far, due to the lack of orders and operating losses, many factories are starting to take holidays. It is understood that more than 40% of the enterprises in Zhejiang Province have stopped production and holiday, and some of them are struggling. Therefore, from raw materials to the terminal market is weak, in the absence of obvious positive stimulus, spandex prices will maintain a downward trend.
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