SunSirs: Domestic Spandex Market Remained Temporarily Stable on August 27th
August 28 2024 10:18:13 SunSirs (John)
On August 27th, the spandex market in Henan Province remained stable, with a mainstream ex factory price of around 30,000 RMB/ton for 20D, 29,000 RMB/ton for 30D specifications, and 26,500 RMB/ton for 40D specifications. The cost support was average, and the downstream textile market followed suit slightly.
On August 27th, the spandex market in Jiangsu Province remained stable, with a mainstream ex factory price of around 32,000 RMB/ton for 20D, 30,500 RMB/ton for 30D, and 29,000 RMB/ton for 40D. As of August 27th, most spandex factories had low and stable offers, and some factories had loose offers for certain models. The actual negotiations were flexible, and the support from costs and demand was weak. Downstream demand for essential purchases was maintained.
On August 27th, the spandex market in Fujian remained stable, with a mainstream ex factory price of around 31,500 RMB/ton for 20D, 29,000 RMB/ton for 30D, and 26,00 RMB/ton for 40D specifications. The trend of raw materials was weak, and the downstream off-season was obvious, with demand maintaining rigid demand.
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