Market price of spandex has shown a step-down this year. Current market price of spandex 20D is 65,000 Yuan / ton, down 17,000 Yuan / ton or 20.7 percent compared with the beginning of the year.
Price of spandex 40D is 46,500 Yuan / ton, down 15,500 Yuan / ton or 25 percent compared with those prevailing in January.
With the decline in spandex prices, producers are facing phenomenon of losses, due to which a large number of spandex producers are maintaining wait and see attitude. Some players say that spandex industry is expected to hit the bottom.
As factories stop production or cut production, growth rate of spandex productivity will clearly show a decline, resulting in tight supplies at a future date.
In fact experts aver that, spandex industry will see tight supply, if downstream demand is restored.
Fibre2fashion News Desk - China
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