China Spandex Market Daily (18 Nov 2010)

CCF Spandex Price Index
Spandex 20D: 92,000yuan　
Spandex 30D: 80,000yuan　
Spandex 40D: 71,000yuan

Today, spandex price maintained stable and a few traders became active to sell, offering discounts. Ruling price of 20D, 30D and 40D was pegged at 90000-92000yuan/mt (higher at 95000yuan/mt), 80000yuan/mt and 70000-72000yuan/mt, respectively.

Spandex sales
Spandex trading volume was still small and purchasing interest weakened. Affected by cotton yarn and PFY market, some weaving plants took bearish sentiment on future market. However, spandex suppliers and traders kept firm offer.

Downstream market
Cautious sentiment pervaded downstream market, in particular, weft knitting plants. Some weaving plants still shut down units but other plants showed improving productions.

Outlook
At current, spandex price maintained fluctuating, after previous surges. Spandex market was in a bit stalemate and trade mainly targeted on small amount deal. Spandex price is suppose to stabilize.

$1=CNY6.65

source:CCFGroup.com