As for the feedstock cost, price of major feedstock PTMEG, BDO and MMDI all bottomed out. That meant the cost of spandex market climbed up. With rising price of BDO and in expectation of better demand, price of some PTMEG was required to rise by 2,000yuan/mt over Dec. Under the cost pressure, the di Read More

The COVID-19 pandemic infection peak has been passed in fabric manufacturing bases in Zhejiang and Jiangsu. The worry of production resumption after the Lunar New Year’s (LNY) holiday has been mitigated. Buyers were active in purchasing spandex after the New Year’s Day. Price of PTMEG and MMDI stabi Read More

The increase of BDO plants’ operating rate was limited. On one hand, BDO plants were not very willing to ramp up run rate under losses. Some plants have not restarted production temporarily. Price of BDO started bottoming out from Dec but BDO plants were still under deficit. On the other hand, the o Read More

The operating rate of PTMEG plants recovered apparently in end-Dec and that of spandex producers started rising obviously in Jan. Increasing fabric mills cut or suspended production but stocks of spandex decreased prominently driven by the replenishment. Spandex plants showed higher production activ Read More

With changing pandemic prevention and control policy in Dec, market players were cautious at first but turned to face it calmly now. Many infected insiders have gradually recovered in late-Dec. Market players' mindset altered, strongly expecting demand to recover after the Spring Festival holiday. C Read More

Before and after New Year's Day is basically the peak of raw material replenishment. However, during the price increase path of CPL- chip-filament, price increase is significantly higher than in the upstream that of the downstream, indicating that the speculation atmosphere is higher than the actual Read More