“Spandex yarn manufacturers still want to use last year’s tricks to jointly speculate on price increases, but we don’t buy it, and we just want to increase them anyway,” said a textile boss.
The price of spandex yarn has been falling continuously for more than half a year. The decline began to slow down in early August and finally stopped falling and stabilized in September. I really can’t believe that in just two years, I have experienced what other raw materials may have never experienced in my life. Starting from October 2020, the price of spandex yarn has increased rapidly from more than 30,000 yuan/ton to more than 90,000 yuan/ton. By August 2021, the price of spandex yarn has dropped back to more than 30,000 yuan/ton from more than 90,000 yuan/ton.
And how could spandex yarn manufacturers, which have tasted the benefits of high profits, succumb to “low prices”? They even naively thought of using hype to continue to raise its value, but it was impossible for any “hateful” weaving boss to buy it.
Backstage bosses are no longer popular
In fact, the amount of spandex yarn used in textile fabrics is not large. 10% spandex yarn content in a piece of fabric is already a lot. It is precisely because of the small amount that the amount of spandex yarn produced in China is very small. Of course, This was also one of the main reasons for the crazy price increase in the first place.
Secondly, the backstage boss of spandex yarn has been selling extremely well for 20 years. From the beginning of the epidemic when the market was deserted to the large number of orders later, basically all textile bosses said that four-way stretch was easy to sell. This also led to the rapid rise in the price of spandex yarn, but it was only This is just the case in 20 years. I believe everyone is very familiar with the popularity of four-way stretch nowadays. There is almost no heat. Even now in Jinjiu, there is still no sign of four-way stretch. As a result, the spandex yarn that has reached its peak does not know how to end it. The price is only It can decline rapidly, and coupled with the increase in spandex yarn production capacity in recent years, the accumulated inventory is difficult to digest, and in the end it can only end dismally.
Nowadays, four-way elastic has lost its former glory, and various types of elastic fabrics are even better than the last. The shortcomings of spandex that cannot be stored for a long time have been replaced by many elastic fabrics. The spandex yarn that has lacked orders in 2022 is not having a good time at all, so it naturally wants to increase. It can’t even rise.
The price of spandex yarn is difficult to rise
As the traditional textile peak season deepens, some downstream textile factories have begun to receive new orders. Some fine denier specifications in spandex factories have even been out of stock. Although the demand for products has increased, market parties are still For on-demand purchases and sales, some spandex manufacturers have canceled discounts and even increased prices. However, weaving manufacturers do not foot the bill. In fact, the prices have increased and remained stable.
Spandex yarn is still in a relatively passive position in the market. It is difficult to increase demand and it will be very difficult to increase prices in the future. Many manufacturers are currently very willing to increase prices, but they basically remain unchanged. Even if they increase today, they will still decrease tomorrow. Spandex yarn has been one of the relatively stable raw materials in the past years. If it were not for the joint hype the year before last, it would not have been such a magical experience.
At present, the proportion of weaving manufacturers making elastic fabrics in the market is still very large. Because of the hot sales of four-way stretch fabrics in the past few years, many textile bosses have transitioned to making elastic fabrics. Those who originally made elastic fabrics have also added machines to expand production, which is also the reason for the volume. The continuous increase has caused the supply of elastic cotton to exceed demand, and the demand is also decreasing year by year. In addition, the epidemic is still continuing this year, so naturally most textile bosses have fewer orders. Now that the market has reached the end of September, the market situation is as unsatisfactory as ever, which makes textile bosses less and less optimistic about Silver Ten.
Although it can be seen from the inventory of each link that the inventory of polyester, nylon, spandex and gray fabrics has declined to varying degrees, it still remains at a relatively high level. Therefore, in a short period of time, it is difficult for both raw material prices and gray fabric prices to change significantly and basically remain stable.
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