Spandex Market Morning Express (Dec 27, 2010)

This morning, spandex remains flat and its price is different. Some spandex suppliers sell at low price for cash out and spandex producers also sell low-quality cargoes at low price. Relatively speaking, spandex ruling price is stable.

Currently, ruling price of spandex 20D is pegged at 80000-82000yuan/mt, with higher at 83000yuan/mt. Spandex 30D and 40D is traded at 70000-72000yuan/mt and 60000-62000yuan/mt (higher at 63000-64000yuan/mt), respectively.

$1=CNY6.63

source:CCFGroup.com