China Spandex Market Daily (14 Dec 2010)

CCF Spandex Price Index
Spandex 20D: 86,000yuan　
Spandex 30D: 76,000yuan　
Spandex 40D: 66,000yuan

Spandex price kept stable today. The main spandex suppliers traded at 85000-87000yuan/mt for 20D, with higher at 88000-90000yuan/mt and lower at 82000-83000yuan/mt. 30D and 40D were traded at 75000-77000yuan/mt and 65000-67000yuan/mt (higher at 68000-70000yuan/mt and lower around 63000yuan/mt), respectively.　

Spandex sales
Spandex trading volume was still low, mainly purchasing on demand. Spandex trader also focused on digesting inventory, without storing-up plan. Under bearish demand, spandex market was in cautious sentiment now.　

Downstream market
Weaving plants showed weak performance and taking-offer intention softened. Moreover, as cotton yarn and PFY price continued to move down, some small weaving plants have shut down productions and planed to restart after spring festival.

Outlook
Spandex market remained weak and its price faced drops pressure before year-end due to increasing inventory. Spandex plants should moderately control productions, avoiding large inventory pressure in the future.

$1=CNY6.65