Spandex Market Continues High Spot Supply
On July 12, the price of 40d spandex was 77000 yuan / ton, which was 1600 yuan / ton higher than the price in early July, 9400 yuan / ton higher than three months ago, with an increase or decrease of 13.91% and 156.34% compared with the average price of the same month last year. The overall price of 40d spandex is on the rise. Today, the spandex market is stable and good, the upstream raw material market is volatile and consolidation, the cost side support function is fair, manufacturers are still tight supply, continue to hand over the early orders, some manufacturers do not receive new orders temporarily, mainly for high-quality customers.
In terms of upstream commodities, MDI prices showed an overall upward trend in June, with an increase of 2.84% in June 2021. After the domestic polymerization MDI market rose, the market price was difficult to find, but the transaction atmosphere still improved significantly. According to the monitoring data of business agency, as of July 12, the domestic market price of aggregated MDI was 20125 yuan / ton, with a 19.97% month on month increase and 65.30% year-on-year increase. Recently, the price of PTMEG market in domestic spandex field is mainly kept, the BDO trend of cost side is relatively strong, PTMEG factories are operating more stably, the quotation changes little, the downstream follow-up is required, and the trading atmosphere is fair.
Forecast: analysts from the business agency believe that the current spandex market continues to be at a high level, the cost side is good and the support is fair, the on-site spot supply is still tight, and the downstream terminal customers just need to take the goods and continue to hand over the early orders, so the atmosphere of market observation is strong. It is expected that the spandex market will be stable and good in the short term. Since 2021 / 4 / 18, the 7-day moving average crossed the 30 day moving average, and the current two moving average continued to go up in the same direction. According to the calculation of 2021 / 7 / 11, the probability of operation situation change in the next 7 days (that is, the 7-day moving average below the 30 day moving average) is only 2.73%（ Note: if the 7-day moving average crosses the 30 day moving average upward, the index enters the upstream channel; If the 7-day moving average crosses the 30 day moving average downward, the index enters the downward channel.)
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