China Spandex Market Daily (30 Mar 2011)

CCF Spandex Price Index
Spandex 20D: 79,000yuan　
Spandex 30D: 69,500yuan　
Spandex 40D: 60,000yuan

Spandex price remained fluctuating and the value spread enlarged due to different trading volume and brands. Presently, spandex 20D price was pegged at 78,000-80,000yuan/mt. Meanwhile, 30D and 40D price was pegged at 68,000-70,000yuan/mt and 58,000-60,000yuan/mt, respecitvely. Price was lower in large-amount deals.　
　
Spandex sales
Spandex sales stayed dull, mainly for small-amount deal. Partial cargoes were sold at low price but end-users' purchasing hasn't improved largely due to soft demand.
　
Downstream market
Downstream market still faced sluggish offer-take and its operating rates were relatively stable.
Operating rates in weft knitting slightly declined.

Outlook
Spandex market may remain fluctuating in the short run.

$1=CNY6.56