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Chinese spandex hits new low in April, sheds 65% of 2021's peak value

Insights

• In China, spandex prices continue to fall.
• The material lost about **%** of its peak value since late **21**.
• Prices had reached highs in early **22**, but global demand slowdowns for garments and economic uncertainties have driven a persistent decline in spandex costs despite previous robust demand and optimism about its use in stretchable garments.