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  • China Spandex Industry Operation Report Jul 16-31, 2021: Price

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    The document reports on the China spandex industry from July 16-31, 2021. Key points include: - Prices of spandex and raw materials like MMDI increased over the period. Spandex 20D, 30D, and 40D prices rose by 4000-3500 yuan/mt. - Operating rates for spandex producers remained high at 97%, while downstream fabric mills saw slightly lower rates. - Spandex inventory dropped to around 4 days of supply as delivery resumed following heavy rain and typhoons. - Trading activity for spandex 40D remained at high levels, with the product discussed around 76,000-79,000 yuan/mt.

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    CCFG_China-spandex-industry-operation-report-(Jul-16-31,-2021)

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    The document reports on the China spandex industry from July 16-31, 2021. Key points include: - Prices of spandex and raw materials like MMDI increased over the period. Spandex 20D, 30D, and 40D prices rose by 4000-3500 yuan/mt. - Operating rates for spandex producers remained high at 97%, while downstream fabric mills saw slightly lower rates. - Spandex inventory dropped to around 4 days of supply as delivery resumed following heavy rain and typhoons. - Trading activity for spandex 40D remained at high levels, with the product discussed around 76,000-79,000 yuan/mt.

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    23 views3 pages

    China Spandex Industry Operation Report Jul 16-31, 2021: Price

    Uploaded by

    NISHSHANKA
    The document reports on the China spandex industry from July 16-31, 2021. Key points include: - Prices of spandex and raw materials like MMDI increased over the period. Spandex 20D, 30D, and 40D prices rose by 4000-3500 yuan/mt. - Operating rates for spandex producers remained high at 97%, while downstream fabric mills saw slightly lower rates. - Spandex inventory dropped to around 4 days of supply as delivery resumed following heavy rain and typhoons. - Trading activity for spandex 40D remained at high levels, with the product discussed around 76,000-79,000 yuan/mt.

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    of 3

    China Spandex Industry Operation Report

    Jul 16-31, 2021


    Tel: 86-571-83786507 Email: service@ccfgroup.com

    Price

    16-Jul 30-Jul Changes

    MMDI (RMB/mt) 20500 21800 ↑1300

    MMDI spot price (RMB/mt) 24500-25000 24000-24600 ↓500

    MMDI contract price($/mt) 2700-2800 2700-2800 →

    PTMEG contract price (RMB/mt, high) 36900-37200 36900-37200 →

    PTMEG contract price (RMB/mt, low) 36300-36800 36300-36800 →

    PTMEG contract price(import, $/mt) 4980-5020 4980-5020 →


    Spandex 20D

    For covered yarn (RMB/mt) 95500-97500 99000-104000 ↑4000

    For circular Knitting (RMB/mt) 96000-98000 99500-105000 ↑4000

    Export offer price ($/mt FOB China) 11800-14600 12300-15100 ↑500


    Spandex 30D
    For covered yarn (RMB/mt) 84500-87500 88000-91500 ↑3500

    For circular Knitting (RMB/mt) 85000-88000 88500-92000 ↑3500

    Export offer price ($/mt FOB China) 10900-12400 11400-12900 ↑500


    Spandex 40D

    For covered yarn (RMB/mt) 73500-76500 76000-78500 ↑2500

    For circular Knitting (RMB/mt) 74000-77000 76500-79000 ↑2500

    Export offer price ($/mt FOB China) 9300-11300 9600-11400 ↑200


    Spandex 70D & 140D

    Spandex 70D (RMB/mt) 72000-76000 73000-79000 ↑2000

    Spandex 140D (RMB/mt) 67000-70000 68000-72000 ↑2000


    Spandex covered yarn
    Spandex/nylon 4070 integrated air
    27700-27900 28700-28900 ↑1000
    covered yarn(RMB/mt)
    Spandex/polyester 4075 integrated air
    19100-19300 20000-20200 ↑900
    covered yarn (RMB/mt)

    Operating rate (%)

    Tel: 86-571-83786504
    Fax: 86-571-83786600
    Email: market@ccfgroup.com www.ccfgroup.com
    16-Jul 30-Jul Changes

    Guangdong Warp Knitting 72 72 0

    Guangdong Circular Knitting 40 34 -6

    Fujian Lace Knitting 32 32 0

    Jiangsu and Zhejiang Circular Knitting 65 64 -1

    Zhejiang Covered Yarn 73 73 0

    Zhangjiagang Core-spun yarn 72 72 0


    Exchange Rate
    16-Jul 30-Jul Change
    USD/RMB 6.4922 6.4772 ↓0.231%
    Euro/RMB 7.6804 7.6945 ↑0.184%

    Inventory and O/R

    Spandex O/R and inventory


    Inventory O/R
    Day
    100 64
    %
    56
    90
    48

    80 40

    32
    70
    24

    16
    60
    8

    50 0
    1-Apr
    2-Nov
    3-Sep
    4-Aug

    18-Sep

    17-Nov

    17-Dec

    15-Feb
    16-Jan
    31-Jan

    2-Mar
    21-Apr
    6-May

    3-Oct

    16-Apr
    1-May

    31-May
    21-May

    5-Jul

    19-Aug
    5-Jun

    18-Oct
    20-Jul

    17-Mar

    16-May

    15-Jul
    30-Jul
    20-Jun

    2-Dec

    15-Jun
    30-Jun
    1-Jan

    Spandex market remained tolerable in the second half of Jul amid tight supply, moderate downstream
    demand and firm feedstock market. Leading companies continued raising price supported by demand.
    The operating rate of spandex kept at 97%. The delivery gradually resumed in regions suffering heavy
    rain and typhoon. Stocks of spandex dropped to around 4 days. Operating rate of downstream fabric
    mills slightly declined from high level.

    Tel: 86-571-83786504
    Fax: 86-571-83786600
    Email: market@ccfgroup.com www.ccfgroup.com
    Spandex price and trading activity

    Spandex 40D price and trade index


    40D price Trade index

    87000 Yuan/mt 5

    77000
    4
    67000
    3
    57000
    2
    47000

    37000 1

    27000 0
    17-Nov
    3-Sep

    2-Nov
    4-Aug

    18-Sep

    17-Dec

    15-Feb
    16-Jan
    31-Jan

    2-Mar

    1-Apr
    21-Apr
    6-May

    16-Apr
    1-May

    31-May
    21-May

    5-Jul

    19-Aug

    3-Oct
    5-Jun

    20-Jul

    18-Oct

    17-Mar

    16-May

    15-Jul
    30-Jul
    20-Jun

    2-Dec

    15-Jun
    30-Jun
    1-Jan

    Spandex 20D was mainly leveled at around 99,000-105,000yuan/mt, higher at 106,000-


    110,000yuan/mt. 30D was mainly discussed at 88,000-92,000yuan/mt, higher at 96,000-
    100,000yuan/mt. 40D was mostly pegged at 76,000-79,000yuan/mt, higher at 80,000-
    820,000yuan/mt. Low-end spandex 280D for braid was discussed at 68,000-71,000yuan/mt, higher at
    72,000-78,000yuan/mt for some high-quality ones.

    Disclaimer: All opinions, news, analysis, prices or other information contained on this report is provided by
    analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does
    not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without
    limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
    This report or any portion hereof may not be reprinted, sold or redistributed without the written consent of
    CCFGroup.

    Tel: 86-571-83786504
    Fax: 86-571-83786600
    Email: market@ccfgroup.com www.ccfgroup.com

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