sales of spandex may be tolerable

Insufficient downstream orders were the major factor affecting price trend of spandex. Fabric mills saw limited big orders after the Spring Festival holiday and orders were mainly small and sporadic ones before holiday. Most fabric mills were cautious in purchasing spandex, mainly buying on a hand-to-mouth approach. Actually, fabric mills consumed scarce spandex when the production was just recovering. As a result, price of spandex accelerated falling after the Spring Festival holiday. Price of spandex 40D may reduce less than 20D and 30D supported by production cost. Overall price of spandex is expected to be hard to increase but easy to fall in short run amid high cash flow, medium-to-high inventory and great capacity expansion later. Spandex market will eye good performance in Mar-Apr by convention. However, sales of spandex may be tolerable in this Mar-Apr while price is not likely to enjoy support