On March 17th, the spandex market in Jiangsu Province remained stable, with mainstream spandex factories offering a reference price of 26,000 RMB/ton for 40D spandex, and actual orders being negotiated along with them. Generally driven by raw materials, downstream maintained procurement on demand.
On March 17th, the spandex market in Zhejiang Province remained stable, with a mainstream ex factory price of 29,500 RMB/ton for 20D and 25,000 RMB/ton for 40D. The cost side support was average, downstream demand remained rigid, and there was a strong wait-and-see sentiment.
On March 17th, the spandex market in Fujian remained stable, with a mainstream ex factory price of around 31,500 RMB/ton for 20D, 28,500 RMB/ton for 30D, and 25,500 RMB/ton for 40D specifications. Cost support has weakened, and downstream wait-and-see sentiment was strong, maintaining essential demand.
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