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Since 2023, overall consumption has been recovering, with a year-on-year increase of 8.5% in the total retail sales of consumer goods from January to April, and significant increases in the textile and apparel, catering, jewelry, and automotive industries. However, it should be noted that this high
Spandex market witnesses better supply and demand at the beginning of 2023. The operating rate of spandex plants increases but some plants still control the run rate. The price of MMDI and PTMEG bottoms out. Many market players are optimistic about the sales and price of spandex after the Lunar New
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 grea
As for the cash flow, spandex market witnessed high prosperity in 2021, with the cash flow of 40D averaged above 17,000yuan/mt, with a ten-fold increase over the same period last year. However, the cash flow greatly shrank after spandex price quickly decreased, which has been near the break-even lin
