SunSirs: Difficult to Increase the Terminal Demand as the Spring Festival Approaches, Chinese Spandex Market is hardly Optimistic

　　On January 26, the domestic spandex market was temporarily stable, and the average market price of 40D specifications was 59,000 yuan/ton, up 27.43% year-on-year. At present, 7.8% of the spandex industry has started construction, the supply of goods is stable, the inventory supply is sufficient, the festival atmosphere is strong, and the overall market atmosphere is light.

　　The upstream raw material market adjusted in a narrow range. The pure MDI industry started 4.6% of the construction, and the start was flat. The holiday atmosphere was strong, and a small number of offers were stable. The overall start-up load of PTMEG has decreased. In addition, the Spring Festival is approaching, and the market transaction frequency has decreased. The market quotation of 1800 molecular weight is 45,000-46,000 yuan/ton, and the negotiation evaluation is 44,500-45,500 yuan/ton.

　　The downstream terminal textile market is difficult to pick up before the holiday. Most of them are already in the Spring Festival holiday, and they are currently in a situation where the procurement is stopped, and the pre-holiday stocking is coming to an end. Dyeing factories and weaving plants are shutting down one after another, and the comprehensive operating rate of looms in Jiangsu and Zhejiang has dropped below 13%. Among them, the circular knitting field started 2-30%, the warp knitting field started 2-30%, and the start-up was low.

　　The raw material market has been stabilized, and the cost-side support role has been maintained. However, the operating rate of textile factories at the end of the Spring Festival will be further reduced, and the demand before the festival will hardly increase. It is expected that the spandex market is difficult to be optimistic in the short term.