Lack of demand drags spandex prices back to year-beginning levels

Release time:

2023-04-17

According to the business agency commodity market analysis system, the domestic spandex market has been fluctuating downward since March. As of April 13, the average ex-factory price for 40D was 35375 yuan/ton, down 9.58 percent from the beginning of March and back to the level at the beginning of the year. At present, the downstream buying enthusiasm is general, spandex manufacturers let profits take goods. Some of them are tired of the phenomenon, the actual deal a single talk.

As can be seen from the annual comparison chart of spandex prices in the business agency, the current spandex prices are at a low level in the past two years, and insufficient demand is the main reason for the weakening of the spandex market.

Since April, the domestic downstream textile cluster construction ushered in a rapid concentration of decline, Jiangsu and Zhejiang region chemical fiber weaving comprehensive operating rate of only 55% near, compared with the beginning of the month operating rate decreased by 7.54. This year, most textile factories are more cautious about spandex procurement. In the case of no substantial improvement in orders, they are unwilling to overstock too much funds on raw materials. They adopt on-demand purchase, on-demand purchase and on-demand use, and mainly rigid replenishment.

At the same time, the pattern of weak foreign demand remains unchanged. According to the General Administration of Customs, textile and clothing exports from January to February 2023 were 40.84 billion US dollars, down 18.6 per cent from the same period last year, of which textile exports were 19.16 billion US dollars, down 22.4 per cent from the same period last year, and clothing and clothing exports were 21.68 billion US dollars, down 14.7 per cent from the same period last year.

Business analysts believe that the follow-up of new orders for terminal demand is insufficient, especially the contraction of foreign trade orders is obvious. Downstream decline has accelerated, wait-and-see sentiment continues to show drag on spandex prices, in the case of new orders have not yet improved, spandex prices are expected to remain weak to run mainly.

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