test


Member ID:
Password: 
Stay logged in for 30 days
Forget Your Password?
close

login CCFGroup App

Insight | Time:Aug 17 2016 3:28PM
Spandex production curtailment to kick off before G20
 
Text size
With the G20 Summit around the corner, spandex industry reacts immediately. Inventory dramatically declines while sales ratio reaches new high.



In July, spandex downstream plants and traders both built up stocks actively, which dramatically increase spandex sales ratio to 160% and reduced spandex inventory accordingly. This was mainly attributed to three reasons. Firstly, spandex prices were thought to reach the floor after successive fall. Secondly, players were worried about logistics in Zhejiang around G20 Summit. Thirdly, spandex plants were expected to shut down intensively.

So far, the government has not issued certain document for traffic control, but security check is stricter while logistics companies become reluctant to receive orders as well.

Besides, spandex production curtailment is on the agenda. Around the G20 Summit, spandex plant operating rate is expected to decline to 60-70%. The plants nearby Hangzhou mostly schedule to shut down, involving about one third of total spandex capacity.



As the table shows, spandex plants in Zhejiang mostly plan to shutdown except Huafon and Hyosung.

Company Shutdown time Company Shutdown time
Zhejiang SheiYungHsin 8.24-9.6 Zhejiang Blue Peacock 8.1-9..6
Hangzhou Sunrise 8.24-9.6 Zhejiang Shumeier already shut
Hangzhou Asahi Kasei 8.24-9.6 Zhejiang Sihai 8.24-9.6
Shaoxing Kaipute 8.24-9.6 Zhejiang EBH 8.24-9.6
Shaoxing Longshan already shut Zhejiang Youbang already shut
Zhejiang Banglian 8.24-9.6 Zhejiang Yadi 8.24-9.6
Zhejiang Huahai 8.24-9.6 Hyosung Jiaxing No schedule
Zhejiang Hualai already shut Zhejiang Huafon


Owing to such intensive shutdown schedules, spandex supply is to keep tight in short term. Coupled with evident deficit pressure, spandex prices are likely to move up further.
Related Articles
Spandex market daily (Apr 26, 2017)
Melt-spun spandex sales turn slower
Spandex market daily (Apr 25, 2017)
Supply of spandex 40D ample
Spandex market daily (Apr 24, 2017)
Circular knitting plants purchase spandex on a need-to-basis in
Spandex market weekly (Apr 17-21, 2017)
Spandex inventory accumulates
Spandex market daily (Apr 20, 2017)
Circular knitting plants run at 40% of capacity in Foshan
 
Research
Polyester industrial chain pattern and change
Analysis of changes on China's MEG market structure
Will Indian cotton yarn price dip?
Changes in China's MEG inventory structure in 2016
Analysis on improved polyester end-user market demand in ...
Analysis on the surging nylon market in the fourth quarter ...
 
 

浙公网安备 33010902000742号