Textile off-season atmosphere gradually strong, spandex market weakly-stable operation

In the past week, the domestic spandex market remained stable, with the average price of 40d specification as of June 18 being 31600 yuan / ton, down 4.24% year on year.

 

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Mainstream price statistics of spandex market (unit: yuan / ton)

 

20D 30D 40D

Zhejiang 35000-36000 34000-35000 28500-29500

Shandong 36000-37000 34500-35500 29000-29500

Fujian 37000-38000 34500-35500 28500-31000

Jiangsu 35000-36000 34000-35000 29500-32000

At present, the supply of spandex factory is stable, and 80% of the industry starts to operate at a high level. The cost side support performance is average, the downstream terminal market just needs to be cautious in taking goods, and the overall market demand follow-up is average. In Jiangsu and Zhejiang area, the reference for mainstream negotiation of 20d spandex is 35000-36000 yuan / ton; the reference for mainstream negotiation of 30d spandex is 34000-35000 yuan / ton; the reference for mainstream negotiation of 40d spandex is 28500-29500 yuan / ton, and the actual transaction details are discussed.

 

Summary of production and marketing trends of domestic PTMEG manufacturers

 

Enterprise name capacity (10000 tons / year) remarks

Shanxi sanwei 5 parking, no restart plan

Sinopec Great Wall energy chemical 9.2 unit load is not high

Henan Nenghua No.6 parking Center

The load of Xinjiang Meike 5 unit is not high

Low load of 4.6 unit in Tunhe, Lanshan, Xinjiang

In recent years, domestic PTMEG market trend is still weak, and the market transaction atmosphere is slightly light. In terms of price, the main quotation of 1800 molecular weight goods is 14000-15000 yuan / ton, and the actual price is 13800-14500 yuan / ton. In terms of devices, there is no restart plan for Shanxi sanwei’s 50000 ton / a device. In addition, in the process of Henan energy chemical’s 60000 ton / a device shutdown, 50% of the overall industry starts to operate with caution. The pure MDI market is relatively stable, and the shippers keep the stable delivery. The market quotation is 14000-14500 yuan / ton by telegraphic transfer in barrels. The listing price of pure MDI of Wanhua chemical in June was 16500 yuan / ton, an increase of 700 yuan / ton compared with that in May. The downstream slowly digests raw materials, just needs to enter the market, and the supply support is acceptable. The shippers keep stable in the delivery, and about 40% of the construction starts, maintaining a low level.

 

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In the lower reaches of Zhejiang Province, Xiaoshao region started to operate at a normal level, with 40-60% starting level in the round machine and yarn wrapping Market; in Zhangjiagang region, the enterprise order follow-up was average, with about 60% starting level in the yarn wrapping market. Changshu’s downstream circular machine market starts at a low level, with an overall starting level of 30-40%; Fujian’s market starts generally, with lace at 30-40% and warp knitting at about 5-60%; Guangdong’s downstream orders follow up generally, with circular machine and warp knitting market starting at 5-70%. From the perspective of the terminal market, the order increment in the domestic market is not obvious, the situation in the foreign trade market is not clear, the demand follow-up is cautious, and the overall market maintains rigid procurement.

 

In terms of exports, textile and clothing exports improved in May on a month on month basis, among which textile exports were in good condition and clothing remained in a downturn for the time being. According to the latest statistics of the General Administration of customs, in May 2020, China’s textile and clothing exports reached US $29.554 billion, an increase of 38.36% month on month and 24.02% year on year. Among them, the export value of textiles (including textile yarn, fabrics and products) was 20.648 billion US dollars, up 77.34% year on year; the export value of clothing (including clothing and accessories) was 8.905 billion US dollars, down 26.93% year on year.

 

Business analysts believe that the current spandex market maintains stable operation, manufacturers maintain normal start-up, coupled with early inventory backlog, the overall market supply is abundant. Although actively shipping, but the downstream terminal customer demand follow-up is not obvious, most of them are still sporadic small orders, just need to take the goods, the wait-and-see atmosphere is still strong. As the textile off-season atmosphere is gradually strong, and the supporting role of the superimposed cost end is not strong, it is expected that the spandex market will be light and stable in the short term.

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