Spandex prices continue to rise
Spandex capacity expansion began to slow this year, with only 16,000 tons of new capacity increasing at a rate of 3% during the year, and the average annual growth rate of industry capacity in the next two years is also less than 7%.
On the spot trading side, affected by the slight increase in the price of some specifications of spandex, the enthusiasm of dealers and downstream inquiries for procurement was improved, but it is still in the mid-to-late stage of the traditional off-season, due to the uncertainty of the outlook and some Under the influence of a variety of factors such as the financial problems expressed by the weaving mills, the current purchases are occasionally smaller, and orders are still mainly on-demand.
At the same time, the demand for spandex in the downstream textile industry has been growing rapidly. This year, the spandex production growth will be close to 30% year-on-year. It is estimated that the annual output growth will be conservatively estimated to exceed 20% in the next two years. The industry's capacity utilization rate will be 70% in 13 years, and it is expected to reach 87% in 15 years. Considering that the proportion of fine denier filaments in the domestic spandex industry has risen, the actual capacity utilization rate of the industry is higher than the calculation data; therefore, from the 13th year onwards, the industry has stepped out of the overcapacity quagmire, and in the next two years, the industry supply will become increasingly tight, and it will enter the supply shortage state. In the downstream weaving industry, under the support of some small orders and inventory production, the basic machine load remained at a level below 50%. The yarn wrapping, especially the air bag industry, continued to meet the demand for some types of domestic demand in the previous period. After the instability in the price of the main textile material, many manufacturers’ inventory production intentions were suppressed, and the proportion of start-ups fell to 5-6 percent. In the Jinjiang and Changle warp knitting areas, the total demand for terminal net cloth and lace cloth was relatively high. Continuation, supporting the strength of the company's conventional inventory production continues, the total load to maintain 5-6 percent, but the follow-up orders in the industry is not ideal, but the company gradually loosening the willingness to start.
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