Spandex prices apparently declined after holiday

Price of spandex headed south weakly after the Spring Festival holiday (Jan 31-Feb 6). In the first week after holiday, price of spandex was stable when many downstream plants did not resume operation, the recovery of logistics was slow and actual trading of spandex was scarce. In the second week after holiday, spandex plants saw apparently mounting stocks as more downstream plants shut down for Spring Festival holiday than spandex producers. Spandex plants were active in selling. Price of spandex declined by 5.4% or 3,000yuan/mt from Feb 7 to Feb 18, with decrement outpacing that of other textile and apparel raw materials