Bad Atmosphere, No Reduction Of Spandex Prices Remain Weak Stability

According to the price monitoring of business associations, today (September 23rd) spandex market fell slightly, of which the market price of 40D specifications was 31760 yuan / ton, down 0.13% from the previous trading day, down 12.18% from the same period last year. The main factory quotes at 29000 to 32500 yuan / ton, large quantity can be preferential. Manufacturers supply stable, supply of goods is still adequate, but the cost side support is insufficient, downstream terminal customers actual shopping sentiment is weak, the market atmosphere is not reduced.

Domestic aggregate MDI market fluctuates narrowly. Last week (September 16-20), the average price of the aggregated MDI market was 12800 yuan / ton, and the average price of the domestic aggregated MDI market was 12725 yuan / ton on the weekend, and 0.59% in the week. The price fell 2.68% in the same period last month, and the price fell 17.90% over the same period last year. Near the end of the month, together with the low volume of goods on hand, the main reason for the strong weekend prices is that they are reluctant to sell. However, the intensity of downstream goods acquisition is limited. In September, it should be in the peak season of traditional northern thermal insulation enterprises, but by the early environmental inspection, Sino US trade war and so on, this year's "Qi" has not moved. It is expected that short-term aggregate MDI market price shocks will be stronger.

Textile terminal market demand slightly follow up, but the overall is not optimistic, the actual purchase mood is cautious. The market level of the circular machine in Xiaoshao area has reached 4-5, and the market has been temporarily maintained at 6-7 level; the area has remained stable, the market level of the yarn market has been maintained at 6-7; the construction level of the lace market has been maintained at 3-4, and the warp knitting market has started at about 6 percent;

Business analysts believe that the installation of the spandex plant remains high and supplies are adequate. Raw material prices remain weak and cost support is limited. At the same time, the downstream customers' orders are followed up cautiously, and the overall market needs to be maintained just now. On the whole, the bad atmosphere is not decreasing. It is expected that spandex prices will remain weak in the near future.