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Chinese spandex market expected to consolidate

10
May '12
China's spandex market has kept a smooth pattern in recent times. Upstream raw material market has continued its consolidation at high level.

On the other hand, downstream market has gradually reduced its enthusiasm in taking up goods at high price.

Spandex 20D is being quoted at 56,500 Yuan per ton and 40D remains at 43,500 Yuan per ton.

Market outlook for negotiation is not optimistic, many companies are cautious towards increasing operations.

Spandex market is expected to witness vulnerable consolidation.

Fibre2fashion News Desk - China


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