In July, the domestic spandex market fell slightly, and the average 40D market price as of July 31 was 33375 yuan/ton, down 0.74% from the beginning of the month. The current raw material prices are high, the spandex industry losses are low, and the overall industry starts around 72%. Downstream textile off-season demand fatigue, the formation of a drag on prices.

The domestic pure MDI price center continues to strengthen, the market spot is limited. PTMEG mainstream factory 1800 molecular weight quote reference 19500 yuan/ton, some factories do not offer external prices. The overall operating rate of the industry is near 75%, of which the extended oil 46,000 tons/year PTMEG device is currently loaded 40%, Henan Nenhua two sets of 30,000 tons/year PTMEG device load is near 60%, Liaoning Panjin Changchun PTMEG capacity 60,000 tons device stopped in early May, the restart time is uncertain.

Downstream, the recovery of terminal textile demand is less than expected, and capital turnover is difficult. In the traditional industry under the off-season, wait-and-see sentiment is strong, the enthusiasm to take goods in general. In addition, affected by factors such as the Asian Games and power restrictions, the operating rate of Jiangsu and Zhejiang looms declined slightly to below 65%, and there is a further negative expectation.

Business analysts believe that the current spandex downstream textile enterprises are mainly based on the consumption of raw material inventory in the early stage, and the improvement of orders is not obvious, forming a negative feedback on upstream products. However, the cost of favorable support still exists, the short-term market price of spandex still has some support, the future market from the weak demand drag, spandex prices still have the possibility of decline.

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