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Spandex trends stays soft amid unfavorable market outlook
05 Jun '14
1 min read
Spandex maintained a soft appearance today in the Chinese USD market, due to sluggish demand from downstream buyers and unfavorable market fundamentals.
Selling offers for coarser count like 20 D Spandex were stable and were quoted in the range of US$ 8.40/Kg to US$ 9.20/Kg.
30 D Spandex was assessed in the range of US$ 7.40/Kg to US$ 7.90/Kg, while 40 D Spandex was quoted in the range of US$ 7.00/Kg to US$ 7.80/Kg.
Spandex market is currently under bearish tone, amid slack season. Some Spandex producers reported inventory pressure.
Under such circumstances it is believed that Spandex market may remain range bound in the short run.
Fibre2fashion News Desk - India
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