SunSirs: Spandex Prices are Purchased on just-Needed Demand and Run Steadily

　　According to the price monitoring of the business agency, as of August 25, the price of 40D spandex was 82,750 yuan/ton, an increase of 550 yuan/ton from last week, and an increase of 187.30% from the average price of the same month last year. Recently, the spandex market has been operating steadily, the raw material market has been ordering sideways, and the cost-side support performance has been average. Manufacturers have not yet ample supply. They are holding on to offers for the time being. The demand from downstream customers is weak. All parties watch the market cautiously.

　　In the upstream of commodities, the global epidemic continues to be severe, dragging down demand prospects and market confidence, and international oil prices continue to fall. Originally, pure benzene continued to fall, coupled with poor downstream purchasing sentiment, and small orders were mainly needed. In addition, the recent epidemic counterattack has affected the industry’s mentality, hard foam demand has also been suppressed, and the focus of polymer MDI market price negotiations has gradually shifted downward. Although the market for enterprise control of shipments has improved slightly, the good times are not long, and the aggregate MDI market is still dominated by the downturn. Recently, the domestic PTMEG market in the spandex field has been consolidating, the cost support has weakened, and the supply and demand side still has support, and negotiations are temporarily stable. In terms of price: 1800-molecular-weight sources are offered by mainstream factories near 43000-47000 yuan/ton, and actual order negotiation refers to 43000-47000 yuan/ton. The East China pure MDI market was organized and operated. Traders tend to ship at stable prices, and downstream purchases on demand. At present, the mainstream reference in the local market is 21500-21800 yuan/ton wire transfer barrels for self-pickup.

　　The spandex market in Fuguang area is strong, the raw material market is consolidating, the cost side support is acceptable, the supply of goods on the market is tight, and the price remains high. The spandex market in Shandong continues to be at a high level, the raw material market is arranged sideways, and the cost-side support is acceptable, and the spot supply on the market is still tight. The spandex market in Jiangsu has been operating steadily recently, the raw material market has been consolidating, and the cost-side supporting role has not diminished. The manufacturers’ spot supply is not yet abundant, some manufacturers have low inventory to support prices, and the downstream terminal market has insufficient intention to accept orders. The spandex market in Zhejiang has been firming up recently. The raw material market is operating in consolidation, and the cost-side support is acceptable.

　　SunSirs analysts believe that the spandex market has stabilized recently, the raw material market has been consolidating, and the cost-side support performance has been average. Some manufacturers’ spot supply is still tight, and prices remain high. However, the terminal market demand is flat. The spandex market is expected to operate stably in the short term.