On May 27, the base price of spandex in the business community was 24,500.00 RMB/ton, which was -0.20% lower than that at the beginning of this month (24,550.00 RMB/ton).
On May 27, the market conditions of spandex in Zhejiang Province were temporarily stable, with the mainstream ex-factory price of 20D being 29,500 RMB/ton and the mainstream ex-factory price of 40D being 25,000 RMB/ton. The cost side is still supportive, and the downstream maintains rigid demand.
On May 27, the market conditions of spandex in Fujian Province were temporarily stable, with the mainstream ex-factory price of 20D being around 30,000 RMB/ton, the mainstream ex-factory price of 30D being 27,500 RMB/ton, and the price of 40D being 24,500 RMB/ton. The support on the raw material side is general, and the downstream maintains rigid demand in the off-season, so it is mainly cautious to wait and see.
On May 27, the market of spandex in Jiangsu Province was temporarily stable, among which the reference price of 40D of the mainstream spandex factory was 26,000 RMB/ton, and the actual order was negotiated. The cost drive was general, and the downstream followed up according to demand.
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