The atmosphere of spring has not completely faded, and spandex yarn has stepped into 2023 with price increases. As of February 1, the price of spandex yarn has increased by 2,000 yuan/ton. Compared with the dismal decline of spandex yarn last year, it seems that The year is really off to a good start.
Looking back on last year, it was miserable
In 2022, the chemical fiber industry will face complex situations such as repeated global epidemics, complex geopolitical factors, slow recovery of the world economy, sharp fluctuations in energy and raw material prices, and restructuring of the industrial chain, which will cause a linkage effect on the price increases of some commodities in the first half of 2022. .
The spandex market has also entered a downward channel as a result of the contraction of the consumer end and the highlighted contradiction between supply and demand. Prices have fallen sharply, profits have shrunk, production restrictions and price guarantees are the norm in the industry, and inventory accumulation has reached a high level. Insufficient cost support coupled with sluggish demand has made the spandex market face obstacles and obstacles.
The price of spandex yarn fell rapidly, from a high to a low point, with a price difference of three times. Such outrageous prices and lack of market demand have made textile bosses afraid of purchasing spandex yarn.
A daily increase of 1,000 is not a dream
According to the current market trends, the rise in the past few days is not due to the improvement of the market. Relatively speaking, a good start is what every raw material should experience. The polyester yarn has already entered the upward channel before the market has fully started. Although four-way stretch fabrics are a popular product in the market, although they were not very popular last year, they are still a hot-selling product among textile bosses.
As the upstream raw materials of spandex yarn, the prices of PTMEG and pure MDI have also increased by 1,500 yuan/ton and 500 yuan/ton respectively in the past few days. The increase in cost has caused the price of spandex yarn to follow suit. Last year, the price of spandex yarn started to rise in October. It remains stable and basically remains unchanged. Even changes in the cost end are difficult to change its price. Therefore, it can be seen that the price of spandex yarn has reached the bottom. It is the practice of various raw material companies to reprice at the beginning of the year. Taking advantage of the opening of the New Year, the price will rise by one Wave is also understandable.
Price increases are only temporary, stability is the end result
On the evening of January 30, Wanhua Chemical released a price announcement for MDI in China in February 2023, announcing that starting from February 2023, Wanhua Chemical Group Co., Ltd.’s listed price of polymerized MDI in China will be 17,800 yuan/ton (compared to January 2023). The price increased by 1,000 yuan/ton); the listing price of pure MDI was 22,500 yuan/ton (the price increased by 2,000 yuan/ton from January).
The rise in cost indicates that the price of spandex yarn will also rise in the short term as costs rise. From this point of view, the price increase of spandex yarn has become a foregone conclusion. However, since the amount of spandex yarn used in textile fabrics is not large, the price increase space will be limited. Putting aside last year and the year before, the price of spandex yarn has been relatively stable. Assuming there is no continued hype from spandex yarn manufacturers, spandex prices will remain stable in the future.
In the short term, the recent rise in spandex prices will continue. Not many spandex yarns are used in spring and summer fabrics. Therefore, assuming that the peak season for gold, silver, and silver comes, the prices of spandex yarns will not rise significantly, and will basically remain stable with a small increase. According to the model, there may be a wave of price increases in the second half of the year, and the “roller coaster” rise and fall like the previous two years will basically not reappear.
Taken together, the cost side of spandex has a strong supporting role, coupled with the rebound in the trading atmosphere of downstream customers and dealers, although the current start-up in many fields of terminal textiles is still at a low level, the demand trend has begun to increase. Both textile fabrics and textile raw materials will see increases to varying degrees. Costs and demand are both supporting the price of spandex. Therefore, the market outlook is expected to remain strong and upward.
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