This is mainly caused by the raw material BDO price trend and the supply and demand pattern of the PTMEG market itself.Since 2022, the domestic BDO market price has continued to decline. As of April 14,2022, east China BDO mainstream loose water acceptance is 25500-25800 yuan / ton, down 15.5% compared with the end of 2021, leading to the continuous weakening of PTMEG cost end support.From the perspective of supply and demand pattern, the inventory level of the main downstream spandex industry in PTMEG in 2022 is high, and the price is weak and the market is low. Combined with the impact of the frequent domestic epidemic since March, the performance of the demand side remains low.Although the domestic PTMEG market price has slipped, the profit level is still high. Driven by high profits, domestic PTMEG manufacturers maintain a high level.The imbalance between supply and demand is also one of the main reasons for the decline in PTMEG market prices.
In the short term, the raw material BDO market is expected to maintain a weak trend, and the cost end support is weak.Some PTMEG devices have a storage and maintenance plan, and the supply side has some positive support, but the downstream terminal demand due to the epidemic is still expected to be affected by logistics and transportation.The PTMEG market is expected to be weak in the short term