the operating rate of spandex plants rose by 15 percentage points

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 operation from earlier production curtailment or suspension. Some big spandex plants will further ramp up run rate but some small and medium-sized plants will suspend or cut production during the Spring Festival holiday.