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2011-8-1
PTMEG and pure MDI price stay stable, at present, PTMEG mainstream strike price is maintained at 29600-34500CNY/t. Pure MDI market mainstream negotiate price is kept at 19000-21000CNY/t. Although the downstream spandex enterprises lessen or stop production rate is increasing, which leads low feedstock procurement rate, yet BDO rebound sharply, which brought about a strong cost support for PTMEG and MDI. Thus PTMEG and pure MDI aftermarket price will stay high.
See from downstream industry chain, spandex plays the function of monosodium, thus its demand is closely related with the main feedstock of polyester and cotton yarn. Recently, although cotton price is not optimistic, polyester products price rebound up high. Some end use products needs increased, which supported some enterprises’ production to some extent, keeping a certain rate of operation rate.
Generally speaking, spandex upstream feedstock price is rising, which forms a support to spandex cost, and spandex enterprise loss is serious, device stop rate is increasing, which leading to spandex quotation in China market stabilized. Therefore, I believe once textile demands recovered, spandex will see in a new wave of rebound.
Source:168Tex.com
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