Spandex market witnesses better supply and demand at the beginning of 2023

Spandex market witnesses better supply and demand at the beginning of 2023. The operating rate of spandex plants increases but some plants still control the run rate. The price of MMDI and PTMEG bottoms out. Many market players are optimistic about the sales and price of spandex after the Lunar New Year’s holiday. Supported by the factors such as supply, cost and demand, price of spandex may be hard to reduce but easy to increase before and after the Lunar New Year’s holiday. However, cautious mindset is held toward the spandex market at the end of Q1 2023. After the capacity expansion peak in 2022-2023, spandex market will see apparent oversupply. The increase of demand may be hard to chase up that of supply, which will restrict the rebounding range of spandex price.