According to the monitoring by SunSirs, the price of domestic spandex fell this week (March 11-16). As of March 14, the average market price for the 40D specification was 38,625 RMB/ton, down 0.96% from the beginning of the week and down 31.64% year-on-year. The operating rate of the spandex industry remained at a high level of over 80%, and the spot supply was stable. Downstream purchasing was on demand and which resulted in a strong wait-and-see mood, and the sales rhythm of the spandex market had declined compared to last week.

Analysis review

The upstream raw material PTMEG price market maintained stable operation, and the negotiated price of 1800 molecular weight PTMEG was 21,000-22,000 RMB/ton. The industry's start-up rate was stable at around 70%, with a unit load of 60,000 tons in Panjin Changchun of 60-70% and a unit load of 100,000 tons in Ningxia Xiaoxing of 70%.The price of pure MDI had declined broadly, traders faced a significant shipping resistance. Downstream mainly purchased small orders. As of 17th, the mainstream market reference was 19,500-20,300 RMB/ton in barrels and self delivery.

At present, traditional market buyers have increased their number of entering the market to find samples and place orders, while market operators have continued to increase their number of small batch and multi variety shipments through express delivery. Downstream factories continued to hand over new orders, and the operating rate in the circle machine field was stable at 50-60%, while the operating rate in the warp knitting field was around 70%. However, there was a strong wait-and-see atmosphere for the future market, and follow-up was relatively cautious.