China Spandex Market Daily (6 Jan 2011)

CCF Spandex Price Index
Spandex 20D: 79,000yuan　
Spandex 30D: 69,000yuan　
Spandex 40D: 60,000yuan

The prevailing price of spandex 20D stayed at 78000-80000yuan/mt (higher at 82000yuan/mt), 30D at 68000-70000yuan/mt and 40D at 60000yuan/mt (lower at 58000yuan/mt). Prices for a few brands maintained at 62000-63000yuan/mt.

Spandex sales
The buying indication gradually improved. Some traders and weaving plants started to build up stocks before Lunar New Year, but big deals were limited.

Downstream market
Weaving plants now witnessed stable consumption. In consideration of sales after Lunar New Year, some of them started to build up stocks. In addition, more employees were expected to have holidays later.

Outlook
Spandex market will be broadly steady in short term.

$1=CNY6.63

source:CCFGroup