Lower Purchasing Mood Is Not High, Short-Term Spandex Maintains Weak Stability

According to the price monitoring of the business community, the domestic spandex market in August 28th was stable. The market price of the 40D specifications was 31900 yuan / ton, which was flat compared with the previous day, down 10.98% compared with the same period last year. The main factory quotes at 29500 to 32500 yuan / ton, large quantity can be preferential. Spot supply is stable, and active shipper talks are flexible. The cost side support is not high, and the downstream needs to be maintained for a short time. In addition, import and export data show that in July 2019, China exported spandex 5.18 kiloton, export volume increased by 0.97%, import spandex 2.70 kiloton, import volume decreased by 2.5%.

The raw material market is temporarily stable, and the current average price of the domestic aggregate MDI market is 13150 yuan / ton, which is flat compared with the previous trading day. Northern factory equipment load continued to reduce the support market, near the end of the month, most of the industry waiting for the main factory crescent listing price, affected by the terminal demand has been weak, market mentality is different.

The cost side support is insufficient, and the downstream terminal market is not willing to take orders. The demand for terminal market in Zhuji region of Zhejiang is generally in demand, and the starting level of the yarn market is maintained at about 6. The operation in the lower reaches of Zhangjiagang has basically remained stable, and the start-up level of the cotton market has remained at 6-7; the downstream market in Fujian has generally started, the market level of the lace market has been maintained at about 4, and the warp knitting market has started at 6-7; the downstream market in Guangdong has started to be cautious, and the level of the circular machine has been maintained at 3 per cent, and the warp knitting has been started at 6-7.

Business analysts believe that although the cost side MDI has been established in the northern factories in a timely manner, the market is deadlocked and wait-and-see. At the same time, the actual purchasing mood in the downstream market is not high, and spandex prices remain weak in the short term. But with the "golden nine silver ten" autumn and winter fabric procurement season, the terminal weaving industry will start to work, and there is still some expectation for the traditional peak season.