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Spandex prices rise after Chinese Spring Festival
15 Feb '12
1 min read
Shortly after the Chinese Spring Festival, spandex producers began increasing their offer prices, since many buyers had bought their contracted goods before the festival.
The users in the downstream spandex industry have reported receiving good orders from the domestic and export markets after the festival.
This has created resurgence in the spandex market and prices have spurted. Spandex market is expected to slightly increase amid stability in the short term.
Now 20D is traded in the range of 53,000-63,000 Yuan / ton and 40D is traded in the range of 40,000-46,000 Yuan / ton.
The users in the downstream spandex industry have reported receiving good orders from the domestic and export markets after the festival.
This has created resurgence in the spandex market and prices have spurted. Spandex market is expected to slightly increase amid stability in the short term.
Now 20D is traded in the range of 53,000-63,000 Yuan / ton and 40D is traded in the range of 40,000-46,000 Yuan / ton.
Fibre2fashion News Desk - China
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