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Rocky ride ahead for spandex trade
10
Jul '08
In recent times, spandex demand in domestic market has declined considerably. This is particularly taking a toll on manufacturers in Southern China, who not only face tough competition but also have to cope with lowered prices of some spandex products.

General market price of spandex 20D ranges between 88,000 and 90,000 yuan per ton, with higher level between 95,000 and 96,000 yuan per ton and lower within 82,000-83,000 yuan per ton.

General market price of spandex 20D (Japanese textile technology) ranges between 85,000 to 88,000 yuan per ton.

General price of spandex 30D ranges between 66,000 and 67,000 yuan per ton. Spandex 40D price was in 48,000 to 50,000 yuan per ton and that of spandex 70D stood at 48,000-50,000 yuan per ton range. Spandex 140D was quoted within 48,000-50,000 yuan per ton.

Recent spandex prices have displayed sharp decline of about 4000 to 5,000 yuan per ton on average.

This phenomenon is caused by poor demand from lower reaches. It is expected that spandex industry will continue to face severe difficulties for next few months.

Fibre2fashion News Desk - China

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