The operating rate of fabric mills was low now but has increased slightly in some regions with eased pandemic prevention and control policy. Rush orders for some circular knitted rib fabrics grew and the production of single-faced LYCRA fabric and cotton/spandex air covered fabric also increased. Th Read More

Spandex capacity was at 1121.5kt/year in Chinese mainland now, up by 15.4% on annual basis. The yearly run rate of spandex producers will obviously descend. Current operating rate of spandex plants has fallen by 24 percentage points over early-Q4 to 59%. With subdued domestic and export demand, span Read More

According to the acceptance of buyers, it is difficult to understand where the driving force of purchasing raw materials at the net price of around 12,500yuan/mt comes from after a large number of yarns are sold at 14,000-14,200yuan/mt by the spinners. It is heard that some buyers who sell yarns at Read More

In the third week of Dec, Sateri announced that it would limit its production by 30%, and released the price of 13,100-13,200yuan/mt on Wednesday, which was basically the same as it was at the end of Oct. Based on the calculation of that price, the loss of spinners that undersold yarn in the second Read More

Downstream plants are also aware of this, and some spinners began to undersell a large amount of rayon yarn since the first half of the second week, especially vortex-spun yarn mills. The lower price of vortex-spun R30S had fallen to 14,000-14,200yuan/mt. Even based on the minimal theoretical manufa Read More

During the first week of Dec, the main VSF plants were still visiting the market to learn more about downstream situation and make some preparations for the pre-holiday sales. Although no one may admit, most sellers at that time probably lacked confidence in consideration of the longest Spring Festi Read More