Price of Spandex Fell more than 3% in November – Amine Catalysts https://www.newtopchem.com The Leading Supplier of China Amine Catalysts Wed, 01 Dec 2021 06:36:57 +0000 zh-CN hourly 1 https://wordpress.org/?v=6.1.7 https://www.newtopchem.com/wp-content/uploads/2023/12/1.jpg Price of Spandex Fell more than 3% in November – Amine Catalysts https://www.newtopchem.com 32 32 SunSirs: Weak Demand, Price of Spandex Fell more than 3% in November https://www.newtopchem.com/archives/12770 Wed, 01 Dec 2021 06:36:57 +0000 http://www.newtopchem.com/archives/12770 In November, the domestic spandex market fluctuated and declined. As of November 29, the average market price was 77,600 yuan/ton, down 3.72% from the beginning of the month and up 88.81% year-on-year. The start of spandex manufacturers increased to a high of 8.8%, the spot supply in the market was stable, and the manufacturers were actively shipping, but the market trading atmosphere was light and the wait-and-see atmosphere was strong.
Current mainstream price statistics of spandex market (unit: yuan/ton)
The raw material pure MDI market quotation in November, the spot tightness favored support, and the market rebounded. However, the downstream demand of the terminal has just been sluggish, and the market rebounded briefly and then fell back, showing a narrow decline. And near the end of the month, there are more sources of goods from Japan and South Korea, and the mainstream quotations in the market are dropping. As of the end of the month, the mainstream negotiation in the domestic market is 21500-22300 yuan/ton barreled self-extraction wire transfer, which is a decrease of 1700-2000 yuan/ton from the beginning of the month.
Domestic PTMEG manufacturers’ installation changes
The PTMEG market is maintained and the current mainstream factories with 1800 molecular weight sources are offering prices near 47,000-49,000 yuan/ton, a decrease of 1,000 yuan/ton from the beginning of the month. However, the upstream BDO price is stable and partially rising. Start of construction increased slightly by 8.3%.

Affected by the gradual slowdown in the shipment of flannel and other autumn and winter fabrics, the operating rate of large circular knitting machines has been partially reduced. The start-up level of the circular knitting machine and wrapping yarn market in Jiangsu is at 4-5%, and the downstream market orders in Guangdong have slightly followed up. The start-up level of the circular knitting machine, wrapping yarn and warp knitting market is at 50-70%. At present, undelivered orders in the hands of knitting factories can be done at the beginning of next month, and factories with sufficient orders can be done at the end of next month. However, some factories have no orders and mainly produce inventory. Generally, they have insufficient confidence in the market outlook and cautious purchase of spandex.

From the perspective of the textile industry, according to the Business Society Textile Index, the textile industry weakened in November. As of November 29, the textile index was 1044 points, which was 49 points lower than the 1093 points at the beginning of the month, and 1156 points from the highest point in the cycle (2018-09- 03) A decrease of 9.69%, an increase of 53.30% from the lowest point of 681 on August 13, 2020. (Note: Period refers to 2011-12-01 till now)

In terms of exports, my country’s textile and apparel exports in October were 28.94 billion U.S. dollars, a year-on-year increase of 16.5%. Among them, textile exports in the month were 12.5 billion U.S. dollars, an increase of 7.3% year-on-year, and for the first time since the second quarter of this year, a single month of positive growth has resumed. In October, clothing exports were 16.44 billion U.S. dollars, a year-on-year increase of 24.7%.
The high price of raw materials dropped slightly, but the supporting role of the cost side can still be maintained. However, the current demand-side follow-up is slow, which is negative for spandex prices, especially as domestic sales in autumn and winter orders are gradually closing, trading atmosphere will be insufficient, and market weakness will intensify. It is expected that spandex prices will maintain a downward trend in the short term.

]]>