China Spandex Market Daily (Mar 15, 2011)

CCF Spandex Price Index
Spandex 20D: 81,000yuan
Spandex 30D: 71,000yuan
Spandex 40D: 61,000yuan

Spandex market remained narrow fluctuating. Spandex 20D price was pegged at 80000-82000yuan/mt, with lower at 78000yuan/mt. Spandex 30D and 40D price was pegged at 70000-72000yuan/mt and 60000-62000yuan/mt, respectively.

Spandex sales
Spandex sales were slack and most downstream plants targeted for small-amount deals.
But, sales of high-quality cargoes slightly improved.

Downstream market
Operating rates of weaving plants remained stable but offer-take situation was weak.

Outlook
Spandex market can maintain fluctuating steadily, with slight discounts partially.

$1=CNY6.57