SunSirs: Downstream Demand is General, Spandex Prices remain Weak

　　On November 17th, the domestic spandex market was temporarily stable. The average market price was 80,000 yuan/ton, which was unchanged from the previous trading day, down 0.74% from the beginning of the month and up 95.12% year-on-year. Spandex manufacturers started to maintain a high level of 8.5%, the spot supply was stable, the cost support was adhered to, downstream end customers just needed to follow up, and the market trading atmosphere was dull.

　　The domestic pure MDI market is stable, and the mainstream negotiation is 22500-23000 yuan/ton barrels for self-extraction wire transfers, and traders mainly ship with them. The PTMEG market is at a high level, and mainstream factories with 1800 molecular weight sources are bidding around 47000-49000 yuan/ton, and real order negotiation refers to 47000-49000 yuan/ton, mainly for negotiation and transactions, and the industry’s start-up is temporarily stable at around 7.9%.

　　The terminal weaving industry has reached the peak season for winter equipment and goods, and the start of the circular knitting industry has remained at about 50%, and the warp knitting industry has started about 60%. The dual control of energy consumption in East China continues, and the overall operating load is lower than the same period in previous years. The original purchase is cautious, and the wait-and-see atmosphere is strong. In addition, most of the weaving companies’ orders can only be maintained until the end of November and early December, and only a small number of orders can last until next spring, and the order follow-up is insufficient.

　　At present, there is still support at the raw material end, downstream demand is general, and the transaction is mainly light. It is expected that the spandex market price will remain weak in the short term.