Since September, the domestic spandex market has stopped falling and recovered slightly. According to the price monitoring of the business community, the average market price as of September 15 was 33500 yuan/ton, up 2.45% from the beginning of the month and down 58.64% year on year. The commencement of the spandex industry has slightly increased to 5.3%, and the supply of goods is sufficient.

In the upstream market, PTMEG was driven up by the focus of raw material BDO, and its own operation was maintained at a low level of 3.5%. The overall mentality support was strengthened. The market quotation of PTMEG (1800 molecular weight) was 17000-18000 yuan/ton. In addition, the pure MDI market also showed an increase. The reference price was 19200-19600 yuan/ton of telegraphic transfer barreled and self lifted. The manufacturer supported the price and the traders were reluctant to sell.

From the downstream perspective, in late August, with the relief of temperature drop and power limitation, the comprehensive operating rate of Jiangsu and Zhejiang looms rose to more than 67%, among which, 30% to 40% of the circular looms and 60% of the warp knitting looms were started. Demand side support has been enhanced. In September, the market turned from weak to strong, and the demand for staged replenishment was released, with further recovery expected.

Analysts from the business community believe that, in the short term, some spandex manufacturers still have the intention of rising, which is a good support on the cost side. However, downstream end customers hold a wait-and-see attitude towards raw material prices, and the sustainability of demand side orders needs to be verified. It is expected that in the short term, the narrow range of the polyurethane fiber market will be dominated by strong operation.