Fabric Products,Fabric Information,Fabric Factories,Fabric Suppliers Fabric News Another 5,000 yuan drop in just half a month? How crazy the rise is, and how tragic the fall is!

Another 5,000 yuan drop in just half a month? How crazy the rise is, and how tragic the fall is!



The word “fall” has been running through the entire first half of spandex. Recently, the price of spandex has continued to fall. It has been more than half a month since the last time spandex was me…

The word “fall” has been running through the entire first half of spandex. Recently, the price of spandex has continued to fall. It has been more than half a month since the last time spandex was mentioned. It is also in this short half-month that spandex yarn (below) Taking 30D as an example) the price has dropped by about 5,000 yuan/ton.

How crazy the rise is, how tragic the fall is

Last year, when the price of spandex yarn was at its craziest, it was rising crazily by tens of thousands per month. At the beginning of the year, it was only more than 40,000 yuan/ton. In just two months, it has risen to more than 70,000 yuan/ton. The price of other polyester yarns is 1,200 yuan. The price of spandex has increased by one thousand or two thousand. Fortunately, the amount of spandex used in textiles is not large, otherwise no textile boss would be able to afford such a high price.

Even if the increase is so outrageous, it still has not stopped its pace of continuous price increases. Many textile bosses had already made plans for the price of spandex to exceed 100,000 yuan/ton last year, but it gave up and stayed at 91,500 yuan/ton. The high price of 90,000 yuan, which lasted for nearly a month, finally began to drop in September last year, but the price reduction was very slow and minimal. The price of more than 80,000 yuan/ton and nearly 90,000 yuan lasted until two or three months…

Finally, there was a sharp price drop at the end of the year. From the beginning of December until the end of the year, the price suddenly dropped to 70,000 yuan/ton, a drop of nearly 20,000 yuan, and this was just the beginning.

“I knew it would definitely drop prices, but I didn’t expect it would be so much…” came from the voices of most textile bosses in the market.

It is not an exaggeration to say that the current price of spandex is “broken” compared to the highest price last year. The difference between the price at the beginning of this year and the current price is less than 30,000 yuan/ton, and the drop has reached 5,000 yuan in just half a month.

The high price of crude oil has actually restrained the speed of its price decline. Assuming that the price of crude oil goes in the opposite direction, it is estimated that the current price of spandex yarn has already fallen below 40,000 yuan/ton.

If I had known it was hype, why would I need to stock up?

“Last year, because the price kept rising, we stocked up some spandex before it reached its highest level. Although the quantity was not large, we also spent a lot of money due to the high price. But this year, the demand for elastic fabrics is not as high. Okay, so I lost a lot…” said an elastic fabric manufacturer.

In fact, the price of pure MDI, which is the upstream of spandex, has not changed much. Even if the price of spandex yarn increased last year, the price of pure MDI is still stable. When the spandex yarn was at its highest price in July and August last year, its price was only less than 20,000 yuan per ton, because the price of crude oil at this time last year was only more than 60 US dollars per barrel. However, due to the impact of crude oil prices this year, the upstream pure MDI rose to 22,500 yuan per ton.

So it can be seen that 99.99% of the crazy price increase of spandex last year was due to the joint hype of spandex manufacturers. Although they knew it would fall, the price increase continued, causing textile bosses to be afraid Even if the price dropped, it wouldn’t change much, so I stocked up.

Due to the low demand for elastic fabrics this year and the increase in spandex production capacity last year, the price of spandex yarn will continue to decline. When other raw materials are increasing in price, it is falling. When other raw materials are falling again, it is still falling. It fell again and again and fell directly back to “before liberation”. It can be said that the price of spandex yarn last year was definitely unreasonable, but this year’s price has not fallen to what textile bosses think is reasonable. Many textile people also said: Even if it falls, After buying so much, those spandex yarn manufacturers still make profits.

After experiencing “outrageous” events such as the sharp rise and fall in the price of spandex yarn and the price of crude oil exceeding US$120/barrel, which were unimaginable before, the editor believes that anything is possible in the textile market…
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This article is from the Internet, does not represent Composite Fabric,bonded Fabric,Lamination Fabric position, reproduced please specify the source.https://www.tradetextile.com/archives/20010

Author: clsrich

 
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