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Chinese Spandex market stays stable amid lackluster demand
19
Jun '14
This week, the Chinese domestic Spandex market has remained stable, when compared with the first fortnight of June and also lackluster due to moderate demand from the downstream buyers.   
 
Spandex prices in the Chinese domestic market were witnessed at RMB 61000-64000/ton for 20D, while 30D and 40D were assessed at RMB 55000-57000/ton and RMB 48000-52000/ton, respectively. Traders are under pressure and have stayed on the sidelines during the current week.
 
Meanwhile, in the Chinese USD market,  selling offers for coarser count like 20D have also stayed stable during the current week and were quoted in the range of US$ 8.40/Kg to US$ 9.20/Kg, while deals were mainly concluded in the range of US$ 8.35/Kg to US$ 9.15/Kg.  
 
At the same time, selling offers for 30D were assessed in the range of US$ 7.40/Kg to US$ 7.90/Kg, but the deals concluded in the range of US$ 7.35/Kg to US$ 7.85/Kg.
 
Selling offers for 40D Spandex in the USD market were witnessed in the range of US$ 7.00/Kg to US$ 7.80/Kg but discussions were mainly in the range of US$ 6.95/Kg to US$ 7.75/Kg.
 
Looking at current market fundamentals, it is expected that Spandex prices will remain range bound in the short term future. 
 

Fibre2fashion News Desk - India

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