According to the Commodity Market Analysis System of Business Society, the domestic spandex market maintained a downward trend in May. As of May 31, the price of 40D spandex was 28875 yuan/ton, a decrease of 3.35% from the beginning of the month. The cost side support is still acceptable, but the downstream market situation is weak, and the supply-demand contradiction of spandex is strong, which is negative for the spandex market.

In the raw material market, the actual negotiated price for domestically produced 1800 molecular weight PTMEG dispersion in the spandex field is 14500-15500 yuan/ton, a decrease of 500 yuan/ton compared to the beginning of the month. In terms of equipment, the overall operating rate of the domestic PTMEG industry is around 69%. The domestic pure MDI market prices have risen, with a tightening of spot supply, coupled with a concentration of maintenance equipment, the price center has risen, and there has been an increase in some intention to close down. As of the end of May, the mainstream offer for Shanghai goods in the pure MDI market in the East China region was 18600-18800 yuan/ton.

The weaving market has a clear off-season atmosphere, with inventory still at a relatively high level, and there is still pressure from spandex factories to ship. The terminal weaving enterprises have reduced prices and promoted products in order to recover funds, but their enthusiasm for purchasing raw materials is not high, and the operating rate has also slightly declined. Currently, the weaving industry in the Jiangsu and Zhejiang regions is operating at around 71%. At the same time, due to factors such as rising shipping costs, tight containers, and longer debt cycles in foreign trade, manufacturers have become more cautious in accepting orders and downstream orders, which has caused a certain drag on demand.

Analysts from Business Society believe that a favorable cost outlook will support spandex prices, but June August is the off-season for the terminal textile industry, and demand will further weaken. Under the stalemate between upstream and downstream, the spandex market has a strong wait-and-see sentiment, and it is expected that spandex prices will operate weakly and steadily in June.