According to the Commodity Market Analysis System of Business Society, the domestic spandex market has temporarily stabilized this week (November 13-17). As of November 17, the price of 40D spandex was 32950 yuan/ton, unchanged from the beginning of the week and a year-on-year decrease of 11.72%.

This week, the domestic pure MDI market experienced a decline. Imported goods have gradually arrived at the port, and overall traders have increased their enthusiasm for shipping, but downstream demand is weak. Market spot mainstream negotiation 21500-21800 yuan/ton wire transfer in barrels for self pickup, with slightly lower import source prices. Driven by the decline in raw material BDO in the early stage, cost support has weakened. Currently, PTMEG prices are stagnant and the quotation for 1800 molecular weight remains at 21000 yuan/ton.

The terminal textile industry has entered a seasonal off-season, with some products having high inventory and low downstream stocking enthusiasm, mainly focusing on purchasing on demand. In terms of orders, winter orders have started to start as the weather turns colder, but currently, orders at the weaving end may not be sustainable, especially with the end of supplementary orders, and there is still pressure for weaving shipments to weaken again. In addition, the start-up rate of texturing, weaving, and printing and dyeing has decreased locally, with the comprehensive start-up rate of Jiangsu and Zhejiang looms around 75%.

Analysts from Business Society believe that the current inventory pressure in spandex factories is high. For example, Taihe New Materials spandex currently has a production capacity of approximately 100000 tons and inventory is around two months. Before the substantial recovery of terminal demand, the expectation of weak demand and accelerated inventory accumulation is that the spandex market will operate weakly.