the inventory of spandex was rapidly transferred to medium-to-downstream market

Looking at the inventory, the inventory of spandex was rapidly transferred to medium-to-downstream market. The inventory of spandex suppliers has reduced to 27 days, the second lowest during the corresponding period in recent five years. Some buyers were active in restocking even before the Lunar New Year’s Day holiday. Stocks fell rapidly in plants who cut or suspended much production before. Sellers reduced discounts. Some suppliers even controlled the volume of orders, worrying price of major feedstock to increase in Feb. Some fabric mills may continue replenishing after recouping some capital. The spandex inventory can guarantee the production for 15 days in some downstream plants, longer for near one month. The logistics will gradually suspend from this weekend affected by Spring Festival holiday.