Everyone who is engaged in the textile industry knows that the price of textile raw materials will have risen crazily after the new year, but among all types of raw materials, the price rise must be the craziest. It’s spandex. Taking 40D spandex as an example, the price was around 29,000 yuan/ton in September last year, but in just the past six months, the price has risen to 65,000 yuan/ton, an increase of more than double.
ThepriceoftextilerawmaterialswillrisesharplyafterthenewyearMainlydrivenbyinternationalcrudeoil,thecosthasincreasedandpriceshavebeenpassivelyadjusted.Supportfromthecostsidehasbecomeanimportantfactorinthepriceincreaseofrawmaterials,andspandexisnoexception.
ThemainupstreamrawmaterialsforspandexarePTMEGandpureMDI,witharatioofnearly8:2.Upstreamcostswillincreasesignificantlyin2020,andtheoveralltrendofthemainrawmaterialPTMEGwillbesteadyandupward,whilethepriceofpureMDIwillrisestronglyAfterreachingthehighestpoint,itgraduallyreturnstorationality.However,theoveralldemandsideisstillfollowingsuit.Asterminaldemandgraduallyentersthemarket,thesupplysidegapisstillobvious.PureMDIalsoexperiencedasharpriseaftertheSpringFestival.AsofMarch10,2021,PTMEGhasincreasedby20,700yuan/tonduringtheyear,anincreaseof104.5%,andpureMDIhasincreasedby6,600yuan/tonduringtheyear,anincreaseof29.33%.Withstrongcostsupport,spandexpriceshavegraduallyclimbedtohighlevels.
Butthecost-endsupportaloneisnotenoughtomakethepriceofspandexrisesocrazy.Thedemandinthetextilemarketistheimportantfactorthatreallymakesthepriceofspandexskyrocket.
Thedemandforfour-sidedelasticisbooming,millionsofmetersLargesinglefrequencynow
Spandexcannotbeusedtoweavefabricsalone,andfour-waystretchisthespokespersonofspandexinthefabricmarket.Therecentordervolumeoffour-waystretchfabricscanveryintuitivelyreflectthestrongdemandforspandex.
ApersoninchargeofatextilecompanyintroducedRecently,Ihavemorethan1millionmetersof100Dfour-sidedelasticfilminhand.Ireceiveditayearago.IhavebeenrushingtogetthegoodsandneedtosendthemallbeforetheendofMarch.Theordersfor75Dand100Dfour-sidedammunitiononthemarketareverylargeinrecenttimes.Afriendofhisalsohasa2millionmeter100Dfour-sidedammunitioninproduction.Theorderisalsourgent,andtwotruckswereshippedoutinthreedays.
Withthechangeinconsumerconceptsandtheupgradingofconsumerdemand,consumershavemoreandmoredemandsforsportsandleisureclothing,andhavehigherandhigherfunctionalrequirementsforclothing.Instead,clothingmadeoffour-sidedelasticcanmeetthechangesinpeople’s current consumption concepts. According to reports, most of the hot-selling four-way elastics currently on the market are used to make pants or beach pants, etc.
On the other hand, the price is cheap. Although the price of spandex has skyrocketed recently, the price of four-way elastic is still relatively low compared to elastic varieties such as T400, T800, and SPH. Taking 100D four-sided elastic as an example, the price of relatively good-quality gray fabrics on the market is generally 2.8 yuan/meter. The price of other gray fabrics that are only sold for volume without regard to quality can drop to 1.2 yuan/meter, which is even lower than the price of many polyester taffeta. expensive.
Spandex and four-sided elastic still exist Room for growth
Although the current prices of spandex and four-way elastic have increased significantly, there is still a lot of room for growth in the future. According to statistics, downstream spandex consumption in 2020 will be around 720,000 tons, an increase of nearly 10% compared with 2019. With the epidemic causing damage to the global economy, the demand for spandex is growing. The global economic recovery this year will inevitably bring greater demand, which will be evident in the period after the year.
Another point is that the rate of new spandex production capacity is slow. In 2020, domestic spandex production capacity will reach 890,000 tons, with a year-on-year growth rate of 3.5%. The newly added production capacity is mainly concentrated in large and medium-sized spandex manufacturers, and the industry concentration continues to increase. Many backward small production capacities have been shut down or are on the verge of shutting down. Moreover, the expansion of spandex production capacity has come to an end. There will be no new spandex production capacity in the industry in the next year, and the new production capacity after one year will also be concentrated in some leading companies.
The growth rate of supply cannot keep up with the increase in demand If it goes too fast, demand will inevitably exceed supply. At present, the downstream weaving operation rate has returned to a normal level, and the demand for spandex is relatively large. Now the inventory level of spandex has dropped to about 12 days, which is far lower than��The average of 30-40 days in the past three years. At present, many manufacturers have even closed their sales and are not accepting orders for the time being. The situation of supply exceeding demand continues. According to a person in charge of a weaving factory, they have recently had a lot of orders for four-way elastic, but spandex is unavailable and they have to queue up to get the goods.
There is not enough spandex to sell, so price increases are inevitable. What’s more, the supply of spandex is in the hands of some leading companies, and they have a stronger say in price.
In recent years, the entire elastic fabric market has been very hot, and various new elastic fabrics are emerging one after another. A very important point of their emergence is to make up for the shortcomings of spandex elastic fabrics. However, due to the price advantage of spandex fabrics, other elastic fabrics have always had limited development space. But if the price of spandex continues to rise this year, it may be able to make room for some production of other elastic fabrics.
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