Abstract: The price of spandex has risen to 75,000 yuan per ton, and is about to hit 80,000 yuan per ton, a year-on-year increase of 138.10%.
It is reported that on June 30, a large spandex factory issued a notice to increase the price of spandex again. The notice stated that from July 1, the spandex of all specifications of the factory will increase again per ton. 2000-3000 yuan.
Since the beginning of this year, the domestic spandex market has been rising rapidly. It has been rising since mid-May this year. The price of spandex has climbed to a 10-year high. As of June 28, the price of spandex has risen to 100% per ton. 75,000 yuan per ton, which is about to hit 80,000 yuan per ton, a year-on-year increase of 138.10%. Judging from the overall situation of spandex in the first half of this year, spandex raw material end companies have rebounded steadily. At the same time, the demand for spandex raw materials from downstream end customers has not decreased but increased. Starting from the third quarter, spandex is about to enter the traditional peak season of the footwear and apparel industry, with a good trend.
It is reported that as of now, the spandex inventory in many factories is less than 15 days. The spot market supply of inventory continues to be tight. It is still able to support the market operation. However, after two consecutive weeks of continuous decline in spandex prices, After the increase, the supply of low-priced goods in the early stage was basically completely consumed. Some relevant personnel analyzed that the spandex raw material market will soon enter a new round of stocking, and after the new round of stocking, the price of spandex will hit 80,000 yuan/ tons. At the same time, as the price of spandex raw materials continues to rise, the elastic fabrics in other shoe industries are bound to rise.
From the perspective of the mainstream prices of spandex markets in different regions and specifications, taking the spandex raw material of 20D spandex as an example, the raw material price of 20D spandex in footwear and clothing cities such as Zhejiang, Shandong, Fujian, and Jiangsu The prices are between 90,000-95,000/ton. Compared with 20D spandex, although the prices of 30D spandex and 40D spandex are relatively lower, they are not much lower. The lowest price of these two specifications of spandex raw materials is 68,000 yuan/ton. tons, the highest price is 85,000 yuan/ton.
In the textile raw material market of the footwear and apparel industry, since June, from the beginning of June to the end of June, in addition to nylon DTY, cotton yarn 21S, cotton yarn 32S, cotton POY, rayon yarn and viscose staple fiber In addition to the slight decline in textile raw materials, other textile raw materials have basically increased to varying degrees. Even though the above-mentioned textile raw materials have declined compared with the beginning of June, compared with 2020, they have all increased by more than 20% year-on-year. Among all the textile raw materials that continue to rise, spandex has the highest increase. On June 1, the price of spandex was 69,400 yuan/ton. On June 28, the price of spandex rose to 75,000 yuan/ton, an increase of 8.07%. Compared with the same period in 2020, it increased by 138.10%. In addition to spandex, textiles with relatively large increases include PTA, lint, acrylic, raw silk, etc.
Why the price of spandex is rising so fiercely can be analyzed from several aspects. First of all, from the perspective of market consumption, in recent years, people’s demand for leisure and sports shoes and clothing products has continued to increase. Spandex is a very important raw material in elastic fabrics. The increase in demand will inevitably lead to an increase in the demand for spandex. Second, due to the impact of the epidemic, foreign spandex production has not fully recovered, causing a large part of foreign spandex orders to be transferred to China. It is reported that as of early June, the export volume of spandex this year was approximately 20,500 tons, a year-on-year increase 58%. Thirdly, the increase in the price of spandex is also closely related to the strong increase in the price of spandex raw materials. With the increasing awareness of environmental protection, the PTMEG industry chain has become popular. The price quoted by mainstream factories for PTMEG supply is about 38,000 yuan/ton. Around 14,000-15,000 yuan/ton in the same period, more than doubled compared with 14,000-15,000 yuan/ton.
In general, the dual benefits of domestic demand and export sales of spandex this year have further promoted the development of the spandex industry in a good direction. However, judging from the current situation, the problem of tight spandex supply is difficult to solve in the short term. Effective improvement, it is reported that some spandex factories still intend to continue to increase prices. The spandex market may maintain a high level in the short term, but in the later period, the spandex market still needs to pay close attention to the cost of raw materials and changes in terminal demand in the market.
