On July 27, the average price of spandex was 79,800 yuan/ton, an increase of 12,200 yuan/ton from April 27, an increase of 18.05%. The price of spandex The overall trend is upward, with a year-on-year increase of 156.59%. Domestic spandex market prices are running firm. According to data from the China Chemical Fiber Economic Information Network collected by Wind, the average price of spandex 40D in the first half of this year was 58,787 yuan/ton, a year-on-year increase of 101% from 29,199 yuan/ton in the same period in 2020. At the end of June, the price was raised to 71,500 yuan/ton, setting a record high since August 2010.
The spandex commodity index on July 26 was 181.36, the same as yesterday, setting a record high in the cycle and lower than the lowest point on July 28, 2016 65.00 points increased by 179.02%. (Note: The cycle refers to 2012-07-01 to the present)
From an upstream perspective, spandex continued to rise from January to May this year mainly due to its raw material PTMEG (polytetrahydrofuran) rise and demand. PTMEG is the main raw material of spandex, accounting for 80% of spandex raw materials. Affected by the control of overseas epidemics and the recovery of demand, oil prices rose in the first half of this year. The raw materials for the production of PTMEG are refined from oil. PTMEG has increased by 124% this year. Since May, demand has become stronger, especially for sportswear, yoga wear, swimwear, etc. Benefiting from the scale effect of large-scale refining and chemicals, the rise in spandex prices and the surge in demand have led to a number of chemical fiber listed companies reporting good results in the first half of this year.
The cost of spandex has recently bottomed out, and the market outlook is mostly supportive. With downstream demand expected to improve, spandex is expected to maintain a high boom cycle, and the demand side will push the superimposed supply to increase slightly. The spandex market may continue to run at a high level and remain strong. Since 2021/4/18, the 7-day moving average has crossed the 30-day moving average and started an upward trend. The current two moving averages continue to rise in the same direction. Calculated on July 25, 2021, the probability of a change in operating situation (that is, the 7-day moving average crossing below the 30-day moving average) in the next 7 days is only 1.90%. </p
