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
O/R of spandex industry dips this week, but stocks rise
Spandex market daily (Jun 22, 2017)
Transactions of spandex sluggish
Spandex market daily (Jun 21, 2017)
Webbing plants run around 50% rates in Guangdong
Spandex market daily (Jun 20, 2017)
Transactions of spandex dull
Spandex market daily (Jun 19, 2017)
Weakness still covers spandex market
Spandex market weekly (Jun 12-16, 2017)
 
Research
Cotton production and consumption structure analysis in ...
PTMEG: price stops falling, supply&demand pattern alters ...
Influence forecast of CPL capacity expansion in second half ...
Will Chinese domestic cotton yarn emerge with uncompetitive ...
Polyester industrial chain pattern and change
Analysis of changes on China's MEG market structure
 
 

浙公网安备 33010902000742号