February Review: After the Spring Festival Spandex Market Concentrated

First, the domestic spot price of spandex spot After the opening of some spandex factory opening operations, customers will continue to purchase before the holiday contract, a small amount of the Spring Festival period did not stop or only a short-term suspension of production companies will reserve less stock consumption after the end of the amount of goods have been purchased, and to avoid Continually, the supply side is expected to pull up, but a small amount of short positions, so that the domestic began to appear and showed a slight upward trend. As of the end of this month, the business community monitoring showed that the 40D quotation of market transactions had a rising trend, with the average price at 46,166.67 yuan/ton, up 0.36%.

Second, the market review part of the implementation of the early part of the Spring Festival continued implementation, the external production and sales last year, the relative increase in the weaving base started successively, and the domestic price of spandex generally increased Sino-Singapore negotiations have been slightly increased, and urged many regular traders to make an inquiry With the signing of orders, the spandex market in China has continued to negotiate a gradual increase in the operating landscape, and the volume of shipments has increased significantly under the circumstance that all channels of logistics have started to recover. From the specific point of view, the intermediaries and weavers in Southeast Asia, South America, and Europe, where the external markets are relatively concentrated, received incremental orders in the economic signs of slight recovery in Europe and the United States, and some companies with insufficient stocks were also producing domestically. The factors such as the relative amount of replenishment in the influence of the pull-up atmosphere again increased the amount of inquiries and signing orders, making the trading move up relatively positively, but the economic trends in Europe and the United States have not yet been clearly presented, and many businesses temporarily store upfront inventory and contract digestion period, etc. It also constrained the rise in the talks. In terms of taking the goods market, although there is limited judgment on future business operations and the low turnover in the domestic market after sales, many companies are cautious in sales. However, after the pre-holiday production period, the company has successively tested and raised the entire production plane for a long period of time. After the strength of weaving plants and distributors as the main purchasing surface, the small form of tying positions and warehouses began to increase, and domestic manufacturers’ adjustments to price adjustments have increased with modest confidence. This led to a noticeable increase in the number of new contracts, among which 40D was mainly exported. The more robust cargo operations, the firmer adjustment in the 5.5-7.5 US dollars / kg China-New Zealand contract has risen, the 20D shipment range has also been slightly adjusted to 7-9 US dollars / kg, but the basic take the goods but due to the implementation of the previous year contract, etc., Maintain the stability of the main body.

Third, the upstream raw material pure MDI domestic market has recently raised the atmosphere of further increase, but the actual transaction continues to show relatively weak business trends. The gradual increase in the total number of merchants entering the market has already dominated the mindset of the wait-and-see attitude. The actual volume of goods formed has not yet occurred in bulk transactions. In particular, the atmosphere of negotiations has also climbed up to expectations. However, the actual transaction volume in the venue has been kept flat and consolidating. pattern. Among them, the scope of the spot negotiations temporarily maintained 21,000-22500 yuan / ton, small single in 21500-22500 yuan / ton. Recently, the American chemical giant Dow Chemical has announced that from February 15, 2013 or as stipulated in the contract, the price of MDI, TDI, and polyols in the U.S. region will be increased. Its MDI, TDI variety of products rose 0.05 US dollars -0.07 US dollars / ton. Dow Chemical's price increases in the future may affect the prices of domestic products in China. It is expected that the price of MDI will be stable or slightly uplifted in the near future.

Fourth, the outlook predicts that the spandex holders continue to call for operations, and the previous year's orders and purchase contracts continue to be implemented. The purchases entering the market are still concentrated in the middlemen and strength weaving plants. The suppression of the actual selling price of many factories is not effectively implemented. As a result, there has not been a significant change in the market for the production of spandex in the market. However, at the end of the month, many companies have entered the end of contract execution, while spandex producers still maintain a strong balance between total inventory reduction and high cost maintenance. Mentality, etc., but make the possibility of follow-up implementation of the rise in selling prices. Business Club - Spandex Analyst Dong Linyi believes that in March the domestic spandex market will usher in a wave of rising prices as costs increase and downstream production resumes.