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

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Paolo Ocleppo
Sandvik Hyperion

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search