The operation rate of domestic spandex factories is still at 70-80 percent, although demand from downstream processing enterprises is in doldrums, domestic spandex market trade price continues to drop, Polytetramethylene ether glycol (PTMEG) demand is still strong.
At present, PTMEG price of domestic production is offered at 32,000 to 32,500 yuan per ton, actual transaction price is at 32000~32500 yuan per ton. Price of BASF sources is at 35,000 yuan per ton, actual transaction price is at 33,000 yuan per ton.
Offer in term of US dollar stands for US $3450~3500 per ton, actual transaction price marks at US $3300~3400 per ton, with some items in lower prices.
Overall, non-spandex sector is in stability. Recently the market sees a slight increase in supply, bid price fell slightly, the mainstream price for 2000 molecular weight is at 2000 to 33000 yuan per ton, with small order slightly higher to 35000 yuan per ton.
The mainstream price for 1000 is at 36000~37000 yuan per ton, some sources are offered at 35000 yuan per ton, supply and demand is basically in balance, mainstream market price is more stable.
Market outlook, factory-operating rate is expected to be stable, although downstream spandex market price continues to decline. Continuing price decline of upstream raw material has reduced production costs. An integrated view shows that market outlook is likely to maintain stable at large.
Fibre2fashion, News Desk - China
marketing@alchempro.com
