VSF/Spandex/Nylon Weekly Report (12th Dec~16th Dec)
Author: Dec 19, 2011 08:27
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168tex News: VSF: VSF price continue to slightly upward in this week. Currently, market mainstream offer is around 16000~16500CNY, traded around 15800~16200CNY, with individually low at 15500CNY. In compare with that of last week, it is increased by 200CNY. Now it is mostly buy in according to people’s need. Some high stock plants have cut price for promotion to ease the pressure. Now, there are different opinions among the market players. Some big ordered buyers are holding wait and see attitude. This week, VSF consumption and marketing rate is good. Early of the week, for short staple cotton and cotton pulp price was stable, in addition with the recovery of macro economy, VSF price was boosted up. Moreover, for previously, the downstream buyers actively buy in to cover the shortage, now there are not much stocks among VSF plants. But by the weekend, most people hold negative viewpoint towards VSF market, which lead its sale into stalemate. Counting on the previous positive factors, VSF after market is estimated to keep a consolidation. Spandex: According to the data, PTMEG non-spandex has fallen into dull sale, which is greatly depend on spandex monthly contracts to balance its sale. Domestic PTMEG sale is generally stable, with its price traded around 28500~33000CNY. As for MDI, with its direct supply monthly contract continued, its price is relative stable, which is around 16800~18000CNY/t. NPU price is offered around 17000CNY/t. Generally speaking, spandex price has changed little of the week. And by the weekend, spandex 20D was offered 57000CNY/t, 40D was offered 41500CNY/t, keeping the line with that of last week. It is forecasted that suppliers will keep the low price. Although loss will be enlarged, inventory pressure will still exist.
Nylon: CPL market price is eased this week. Nylon chips trade atmosphere is improved, for the market shortage covering is started. Nylon chips plants and its sales volume is enlarged. This week, nylon chips price is stable. High grade draw texturing 70D/24F is traded around 31000~31500CNY/t, six-month acceptance, and also some orders stroke at 30500CNY/t. Medium grade plants 70D/24F trade price is around 30000~30500CNY/t, cash take is traded around 29000CNY/t. Now customers have used to cover shortage at the end of the year, which eased the supply pressure. Under the deficit pressure, China nylon plants operation rate has recovered to 50%~60%. But operation rate of some high-speed spinning plants in Jiangsu and Zhejiang province is around 60%~70%. Therefore, on the general, nylon chips market still suffers from the price pressure, with a price cut likely, but its draw amount will further narrowed or stabilized.
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Editor: Candy From: 168Tex.com
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