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Significant drop in China's spandex prices amid market slump

16 Dec '23
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • China's spandex market, a key component in women's garment manufacturing, witnessed a notable decline in prices.
  • FOB prices of Spandex (40D) plummeted by 10.65 per cent to $4.78 per kg in the October-December quarter.
  • Domestic prices slightly increased, reaching $4.22 per kg.
  • Over the past year, there was a downward trend in both domestic and FOB prices.

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