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Supply is still tight, spandex rose more than 10% in a single month

Supply is still tight, spandex rose more than 10% in a single month

(Summary description)In November, the raw material pure MDI market weakened, the enthusiasm for downstream procurement continued to be low, new orders were difficult to increase, and the buying mentality was empty.

Supply is still tight, spandex rose more than 10% in a single month

(Summary description)In November, the raw material pure MDI market weakened, the enthusiasm for downstream procurement continued to be low, new orders were difficult to increase, and the buying mentality was empty.

Information

In November, the raw material pure MDI market weakened, the enthusiasm for downstream procurement continued to be low, new orders were difficult to increase, and the buying mentality was empty. Towards the end of the month, holders are actively shipping products, and the focus of negotiations continues to fall. As of November 27, the market has referred to 25,500-26,500 yuan/ton wire transfer barrels, and actual negotiations are subject to a decrease of 7,500 yuan/ton from the beginning of the month. Wanhua Chemical’s listing price of pure MDI barrels in December 2020 is 28,000 yuan/ton, which is the same as in November, and the November settlement price is 27,500 yuan/ton. The PTMEG market is weak and consolidating. The raw material and downstream demand are cooling down. The wait-and-see intention has increased. In terms of prices, the current mainstream quotations of 1800 molecular weight sources are 17000-18000 yuan/ton, and the actual order negotiation is 16200-17500 yuan/ton, down from the beginning of the month 1200-1500 yuan/ton. The 40,000-ton plant in Yizheng Dalian is still shutting down, and the industry's overall operating rate remains high at 80%.

The downstream terminal market purchases on demand, and the trading atmosphere is slightly cautious. In November, the entire textile terminal market cooled down. On the one hand, the textile industry at this time of the year will experience seasonal weakness. On the other hand, the stocking of the "Double Eleven" in the early period has overdrawn the demand in the later period. According to news from China Textile City, at present, the downstream fabric trade has begun to decrease and stop orders. The textile market orders are basically decreasing, and most of the orders affected are foreign trade orders.

Business analysts believe that the spandex market is still tight due to its own supply, and prices remain high. However, the supporting role of the cost side is insufficient, and the follow-up of the terminal market demand is gradually weakening, and the follow-up of new orders is less. Therefore, the overall market has a strong wait-and-see sentiment. It is expected that the spandex market will remain at a high level in the short term.

(Source: Business Club)

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Copyright © 2020  Sichuan Chuanmian Textile Co., Ltd.

Powered by www.300.cn   蜀ICP备14014859号