SunSirs: Domestic Spandex Market Situation in Some Regions on January 23rd
January 24 2025 15:17:10 SunSirs (John)
On January 23rd, 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 support was average, and as the Spring Festival approaching, terminal demand decreased.
On January 23rd, 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. The raw material drive was average, and it is difficult to see a significant increase in demand near the Spring Festival. The overall fundamentals were still weak.
On January 23rd, the spandex market in Fujian remained stable, with a mainstream ex factory price of around 30,500 RMB/ton for 20D, 28,500 RMB/ton for 30D, and 25,000 RMB/ton for 40D specifications. The cost support was average, and as the Spring Festival approaching, downstream procurement enthusiasm was not high.
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