China Spandex Market Daily (29 Nov 2010)

CCF Spandex Price Index
Spandex 20D: 91,000yuan　
Spandex 30D: 80,000yuan　
Spandex 40D: 70,000yuan

Affected by cautious sentiment, spandex market remained flat on the whole and soft in part. At current, the main spandex traders and plants sold 20D at 89000-92000yuan/mt (lower at 85000-86000yuan/mt). Spandex 30D and 40D was traded around 80000yuan/mt and 70000yuan/mt (lower at 65000-68000yuan/mt), respectively.

Meanwhile, owing to feedstock price rises, melt-spun spandex suppliers planed to raise price but price rises faced large resistances.　

Spandex sales
Affected by soft demand, spandex trading volume was still sluggish and some downstream plants purchased in small volume for productions.

Downstream market
In weaving market, plants still adopted wait-and-see attitude. O/R of weft knitting plants remained low.　

Outlook
Spandex price remains fluctuating on the whole and some spandex traders cut price for selling. As regular contract cargoes gradually finish delivering, spandex inventory will transfer to spandex producers.

$1=CNY6.67