In June 13Th, Spandex Market Price Fell &Nbsp All The Way; There Was Also A Drop In Space (6.12).

Since June, the price of spandex market has been declining. The spandex 20D has dropped from 82000 yuan / ton to the current 80000 yuan / ton, or 2.4%. Spandex 30D also dropped 4500 yuan / ton from 68000 yuan / ton to 63500 yuan / ton, the biggest decline, reaching 6.6%; the price of spandex 40D also dropped 3000 yuan / ton, from 55000 yuan / ton to 52000 yuan / ton, the decrease was 5.5%.

Spandex industry's off-season is coming, so spandex market has entered a downward channel.

The decline of the operation condition of weaving enterprises, the gradual increase of overall inventory and the phenomenon of price reduction are the true portrayal of the spandex market at present.

I think there are several reasons for this.

1, the rise and fall of upstream raw materials makes the whole market more vulnerable.

In the recent period, the pure MDI of upstream raw materials of spandex had a downward trend, falling from 600 yuan / ton to 18400 yuan / ton at the end of last month, reaching 3.2% by 3.2% yuan.

The volume of trading in the pure MDI market has declined, the overall turnover atmosphere is low, the downstream start-up is limited, and there is little demand for the purchase. The purchase is mainly based on small bills, resulting in a downward trend in prices.

At the same time, MDI manufacturers started to maintain a low operating rate, manufacturers originally wanted to reduce market supply to stabilize market prices, reduce the pressure on enterprise inventory, but this does not help the spot price.

The PTMEG market is supported by the sustained high price of the main raw material BDO, and the optimistic demand for the total demand of the spandex industry. Therefore, the price of the PTMEG manufacturers has risen overall, and the rally has been relatively strong. It has risen 800 yuan / ton since this month, rising from 25000 yuan / ton at the end of last month to the current 25800 yuan / ton, or 3.1%.

As the price of the pure MDI of the upstream raw materials fell, the price of PTMEG rose, making the spandex market uncertain about the cost pressure and increasing the business risk of each enterprise. Therefore, all the enterprises were treated with the watch attitude, the purchase prudent, the downstream receipt also began to appear weak state. The final result was the weakening of the whole market. Thus the price was incisively and vividly manifested and slipped.

2, textile external demand is still warm and cold, and the export market is showing a shadow.

Since the second half of last year, the world economy has gradually recovered from the financial crisis of 08 years. Exports and exports showed signs of recovery, and the entire textile industry began to pick up gradually.

But it is not exactly what people expected. Just after a cold winter export industry of Chinese clothing, it did not expect to usher in a more complicated year.

No one can expect that the financial crisis has not been easily passed. No one expected that the second wave would take place in the form of sovereign debt crisis.

The scope of the debt crisis spreading in Europe is gradually expanding. It will drag the recovery of the EU economy and even the global economy, and will also affect the recovery of textile exports in the second half of the year.

The Ministry of Commerce recently pointed out that the growth rate of China's exports to Europe is still maintained at 25%. However, because the impact of the rapid depreciation of the euro may be relatively lagging behind, China's export growth rate in May is likely to fall. In June, the growth rate of EU exports to Europe will be more obvious, and the next step may be a further decline of 6%~7%.

The EU is China's most important export market, accounting for 16% of China's trade, and the EU is also the largest market for textile and clothing exports in China.

Under the influence of the European debt crisis, exports in EU countries are rather weak now, and the US market looks slightly better.

According to statistics, in the 1~4 months of this year, the amount of textile and clothing exported to the United States increased by 20.61% over the same period last year, 4 percentage points higher than that in the European market.

However, some enterprises have indicated that although the US market has improved, customers are also continuing to place orders, but the general bid is low, forming a strange phenomenon of increasing orders and increasing profits.

Judging from the overall export market, the industry's judgment of the demand direction for the latter market may continue to shift to domestic sales as a result of the continued European debt crisis, but demand in South America and Southeast Asia will remain relatively optimistic.

3, the demand for the spandex is weakening in the off-season.

In June, the spandex industry officially entered its low season in a year. The textile market also began to busy the fabric of autumn and winter, while autumn and winter fabrics generally used less elasticity, which would lead to a decrease in demand for spandex, and the high stockings with high spandex began to fade out of the market gradually, which is another major factor in the weakening of spandex demand.

The arrival of the off-season and the weakening of demand have made the spandex market appear to be weakening and declining.

Judging from the current trend, I expect that the spandex market will have room for further decline in the near future.