China Spandex Market Daily (24 Nov 2010)

CCF Spandex Price Index
Spandex 20D: 91,000yuan　
Spandex 30D: 80,000yuan　
Spandex 40D: 71,000yuan

Spandex ruling price remained stable today. Under strong cautious sentiment, spandex traders sold profitable cargoes at low price. At current, spandex 20D, 30D and 40D was traded at 90000-92000yuan/mt (lower at 88000yuan/mt), 80000yuan/mt and 70000-72000yuan/mt (or below 70000yuan/mt), respectively.　
 
Spandex sales
Purchasing interest on spandex was a bit weak and most downstream plants purchased on demand, or buyer in small volume at low price. Cautious sentiment still controlled spandex market now.

Downstream market
Covered yarn market was relatively stable. However, O/R of weft knitting plants was still low and big deal was rare.　

Outlook
Owing to slight discounts from some spandex traders, spandex price slightly moves down and spandex plants may take firm price under low inventory.

$1=CNY6.66