Spandex market saw tight balance now

Spandex market saw tight balance now, while increasing supply imposed more pressure on the price. The operating rate of spandex plants has rose to above 80% and the new units are active in starting production. However, demand is expected to fall from high level later. Spandex inventory has been greatly transferred to downstream market, while many downstream buyers turned to consume spandex prepared before. Distributors focused on selling with bigger price increment. Spandex suppliers are expected to concentrate on selling with high production cost to lower the inventory accumulation.