SunSirs: Market Situation of Spandex in Some Regions of China on February 21st

On February 21st, 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. Cost driven was average, downstream demand was gradually recovering, and followed up as needed.

On February 21st, 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. Cost support was strong, weaving load was slowly recovering, and rigid procurement is the main focus.

On February 21st, 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. The raw material prices were firm and the support was still acceptable, but the weaving load was slowly recovering, so caution was mainly exercised in raw material procurement.

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