HC Chemical Network News, from the beginning to now, spandex industry through several significant price increases, spandex 20D from 72,000 yuan / ton up to 84,000 yuan / ton, reached a 16.7% increase from 64,000 yuan spandex 30D / tons up to 68,000 yuan / ton, or 6.25%, Spandex 40D price of 58,000 now, up 6,000 yuan / ton, the rate of increase was 11.5%. A short period of two months, spandex industry rose to a record high price range have also reached the peak, during the two major industry conferences on the prices of spandex wave has a great influence. Current spot price as the main area of the overall stock of low manufacturing enterprises began to show a correction to the main steady state, and has been going on for some time. Spring and summer is the season spandex industry, as the textile industry with elastic fabric began to receive the majority of consumers. Years spandex soaring prices, which recently began to appear smooth spandex state, there is no intention to price increases, while the lower reaches of the manufacturers have different views for the price of polyurethane, such a pattern, we can look at several aspects of :
1, downstream demand Spandex spandex needs to maintain strong support for prices is the main reason for rapid increase. Financial crisis led to international customers in the second half of 2008 substantially reduced spandex procurement, but in April 2009 began the gradual recovery of international market demand, the cumulative demand starts to release and promote exports from China's spandex in April 2009 began to gradually increase, a record high. According to statistics, 1 in February this year, spandex imported 02,900 tons, up 44.79 percent, export 05,700 tons, an increase of 201.10%, in the chemical fiber industry in the first sub. From these data we can see spandex exports far exceeded the growth rate of import growth in spandex, reaches about 4 times. The relative demand for textiles and garments made of rigid economic recovery process in the first trough, pulling the growth of textile and apparel production, thus promoting the polyurethane manufacturers to maintain high operating rates and low inventory. By demand growth, this year 1 to 2 months spandex production growth in the chemical fiber industry first in each sub-industry products, total production of 40,700 tons, an increase of 91.78%, the price increased by 20.83%, also higher than other fiber products Lower demand growth is expected to spandex 18% or more.
2, move up the role of raw materials
Raw materials and pure PTMEG MDI in the spandex production costs were about 45% and 10%. Since pure MDI Spring Festival, it has been up 2,200 yuan / ton, reached a price of 19,000 yuan per ton, the rate of increase was 13.1%. PTMEG from 21,700 yuan / ton up to the the 24,500 yuan / ton, or 13%. Terms of the structure of supply and demand from PTMEG, PTMEG capacity is relatively abundant on the level of spandex little effect on corporate earnings, but also because of their prices which may compress margins spandex. As the main ingredient of PTMEG polyurethane although since New Year's began constantly move up, rising trend, in just a few months then move up 6,000 yuan / ton, resulting in doubling the cost pressure, so there is still a very strong follow-up rising expectations, will drive further up to the high cost of polyurethane. From January to April this year, a rough calculation, the domestic MDI producers an average of about 15,000 yuan / ton, net profit margin of about 12-13% MDI. Pure MDI's profit margin last year reached 30%, down about 15%, so although the supplier profit margins still exist, but compared to the situation and history is undoubtedly too low, the price increase is also lower than most market participants expected . However, vendors have begun to consider re-adjusting the operating rate, and a major supplier of domestic capacity utilization has been reduced about 30%. Meanwhile, the portion of the contract the buyer sufficient orders for the MDI prices still seem to digest space. It appears that in May the possibility MDI prices continue upward larger. However, while the price of pure MDI in turn directly affects the cost of polyurethane industry, could be a deadlock in the spandex set the price at one of the reasons.
3, other factors
Rising labor costs will weaken the competitiveness of export enterprises, the yuan appreciate too rapidly will result in exports may reduce the impact of these factors, the spandex industry that bear tremendous pressure. I am a professional editor from China Product, and my work is to promote a free online trade platform. http://www.himfr.com/ contain a great deal of information about miele washers , drywall screw welcome to visit!
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