Spandex Market Morning Express (Dec 21, 2010)

Spandex inquiry sentiment slightly improves in east China but actual trading volume is small. Spandex 40D price is pegged at 62000-64000yuan/mt, with higher at 65000yuan/mt.

In Fujian, order situation of lace and braid is relatively stable and some plants operate at full O/R. Ruling price of medium-coarse spandex keeps stable. Spandex 140D price is pegged at 56000yuan/mt, with higher at 58000yuan/mt while price of spandex 280D and above is around 58000yuan/mt, with higher at 65000yuan/mt.

$1=CNY6.66

source:CCFGroup.com