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From the angle of supply, the operating rate of spandex plants rose by 15 percentage points to 72% now from 57% before the New Year’s Day holiday, which was mainly driven by better sales in Jan, but it was still low compared with the same period in recent five years. More leading companies resumed o
Spandex plants are still expected to run at high capacity in short run as the profit is good. The inventory burden heightens but remains acceptable. In addition, the Asian Games will be held in Hangzhou, Zhejiang in Sep. Some factories nearby may suspend production as a result. Therefore, some facto
