Home / Knowledge / News / Textiles / Chinese spandex firms make profit in Q1 of 2013
Chinese spandex firms make profit in Q1 of 2013
26
Apr '13
Spandex manufacturing firms in China have posted profits during the first three months of the current year due to gradual rise in demand.
 
For example, Huafeng Spandex registered a net profit of more than 15 million yuan in January-March 2013 period, compared to loss of 27.35 million yuan made by the company during the same period a year earlier.
 
Similarly, Taihe New Material is likely to earn a net profit of over 10 million yuan for the three-month period, which would be an increase of around 100 percent year-on-year.
 
In recent months, spandex exports from China have gradually risen from single customer bases in Europe and the US, to countries like India, Bangladesh, Vietnam, Brazil, Indonesia and Turkey.
 
However, the current rally in spandex prices may not continue for long, according to analysts, as the Chinese spandex market is still oversupplied.
 
The existing spandex demand in China is only about 400,000 tons annually, compared to overall production capacity of approximately 500,000 tons, i.e. an oversupply of 20 percent.
 
In 2011, spandex production capacity increased by about 25 percent in China leading to a fall in price. The prices of mainstream spandex varieties have fallen from a high of 100,000 yuan/ton to 45,000 yuan/ton in the past three years.
 
The recent increase in spandex prices would help some manufactures to earn profits, but it is still unlikely whether these enterprises would be able to sustain profit-making throughout the year, analysts say.
 

Fibre2fashion News Desk - China

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search