According to the Commodity Market Analysis System of Business Society, the domestic spandex market continued to decline in May, with an average price of 33375 yuan/ton in the 40D market as of May 30th, a decrease of 4.98% compared to the beginning of the month. The spandex market is operating in a weak situation, with sufficient supply from factories and many shipments with profit margins. The cost side support is average, while the demand side follows slowly.
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
The willingness of downstream weaving factories to stock raw materials is not strong. With the arrival of the hot summer season, textile and clothing consumption is in the off-season stage, and terminal orders are insufficient. Sales of most products in places such as Wujiang and Changxing in Zhejiang have significantly decreased compared to the previous period. The start-up rate has also further weakened, with the Jiangsu and Zhejiang weaving start-up rate around 60%.
Analysts from Business Society believe that there is currently insufficient follow-up on the demand side, and downstream textile companies are more cautious in covering their positions. The inventory pressure of spandex manufacturers is increasing, and the current support for raw materials PTMEG and pure MDI is average. It is expected that the spandex market will continue to fluctuate and decline in June.
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