Price of spandex increased more than that of other raw materials

Price of spandex increased more than that of other raw materials of textiles and apparels since Sep. The increment of spandex 40D has been at 5,000yuan/mt or 16.4% and price of varieties with tight supply rose even more. The operating rate of spandex plants has ascended to above 80%. New spandex units are active in starting operation. Demand from fabric mills may marginally weaken after mid-Nov. In addition, the influence of non-industrial factors on feedstock market is expected to diminish gradually. Spandex industry is likely to be mainly stimulated by supply and demand again and price of spandex is even likely to return to the downward streak.