Sep 06, 2023
Major feedstock cost of spandex keeps strengthening in Jul. PTMEG sellers strongly intend to raise price boosted by strong demand and price of PTMEG slightly rises. Price of spot MMDI also slightly advances. By Jul 26, price of spot MMDI was at 19900yuan/mt, up by 800yuan/mt compared with early-Jul. The settlement price of mainstream suppliers in end-Jul should be noted.
Current major feedstock cost of spandex is near 19000yuan/mt, around 3300yuan/mt higher than the historic low. Current selling price of spandex 40D was only around 2200yuan/mt higher than the historic bottom. Most spandex companies suffer apparent losses now, excluding some leading companies and enterprises with integrated industrial chain.