China Spandex Market Daily (9 May 2011)

CCF Spandex Price Index
Spandex 20D: 72,000yuan　
Spandex 30D: 62,000yuan　
Spandex 40D: 53,000yuan

Beaten by partial cargoes selling at low price, spandex price spread enlarged further and a few spandex traders even sold below ex-work value. Currently, spandex 20D ruling price was around 71000-73000yuan/mt, with lower at 70000yuan/mt. Spandex 30D and 40D price were pegged at 61000-63000yuan/mt and 52000-53000yuan/mt (lower at 50000-51000yuan/mt), respectively.
　
Spandex sales
Spandex traders and downstream plants still adopted "wait-and-see", purchasing spandex in small-amount.

Downstream market
Relatively speaking, covered yarn market was stable. Polyester/spandex products sales appeared flat. But, some cotton/spandex plants slightly revised O/R down as cotton yarn price slipped.　

Outlook
Affected by low-price cargoes, spandex price is possible to sell with discounts.　

($1=CNY 6.50)