Influenced by the epidemic situation of New Coronary Pneumonia, the use of protective clothing and masks has soared, and the price of spandex has risen since August 2020 due to the expansion of the application field of spandex. According to the price monitoring of the business community, the 40D specification has risen from 31100 yuan/ton to 83750 yuan/ton in August 2021, an increase of 169.29%, a new high in nearly a decade. Subsequently, due to the weakening of downstream demand and the increase of polyurethane fiber supply, it entered a rapid decline channel from the fourth quarter of 2021, and fell back to the level two years ago by August 2022.

However, in September, the polyurethane fiber market stopped falling and recovered. As of September 30, the average market price was 35000 yuan/ton, up 7.03% from the beginning of the month. Due to the firm BDO price, it has formed a good support for the cost of polyurethane raw material PTMEG. In addition, the terminal demand of “Jinjiu” has warmed up, which alleviates the inventory pressure of the polyurethane factory. The inventory of individual specifications and models is tight, and the current market as a whole shows signs of improvement.

High cost and tight spot are good supports. Traders are reluctant to sell and pull up the price. The polyurethane raw material market is on the rise. In September, PTMEG prices were raised after consolidation, and the industry started at a low level of 4.9%. With the rise of BDO prices on the cost side, the factory’s intention to raise prices was strengthened. As of the end of the month, the domestic PTMEG (1800 molecular weight) market negotiation evaluation was 18000-19000 yuan/ton, and some specifications were not reported. The pure MDI market experienced a strong pull up, and the rise slowed down at the end of the month. At present, the reference price of the local market is 20200-20500 yuan/ton of telegraphic transfer in barrels.

Driven by the price rise of spandex, the terminal consumption of superimposed “Golden Ninth” has gradually entered the traditional peak season. Orders have been placed in autumn and winter, releasing the demand for staged replenishment. In terms of construction, the construction of round machine and wrapped yarn in Xiaoshao area of Zhejiang Province started at 30% to 50%; The starting level of the round knitting machine market in Jiangsu is 3-4%, and the starting level of the wrapped yarn and warp knitting market is 5-6.5%; Guangdong started cautiously, with an overall level of 3.5-6.50%.

Analysts from the business community believe that the price of raw materials will still rise slightly, and the cost side support remains. However, the demand for replenishment in the downstream terminal market may be overdrawn in advance before the festival, and after the festival, it will remain just in need to follow up and be cautious. Superimposed new production capacity will also form a certain resistance to price rise. It is expected that the price of spandex in October will increase in a narrow range.