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Significant drop in China's spandex prices amid market slump

The FOB price of spandex was recorded at $*.** per kg during January-March ****. It fell by **.** per cent over the last year to $*.** per kg. There was a decrease of *.** per cent to $*.** per kg in April-June ****, down from $*.** per kg in the previous quarter. The price then softened by *.** per cent to $*.** per kg in July-September ****. The product has since seen a steep decline of **.** per cent, bringing the price to $*.** per kg, according to Fibre2Fashion&#**;s market insight tool TexPro.

In the Chinese domestic market, the price of spandex was noted at $*.** per kg in January-March ****. It fell by * per cent to $*.** per kg in the April-June quarter and further by *.** per cent to $*.** per kg in July-September ****. However, the prices slightly recovered by *.** per cent to $*.** per kg, as per TexPro.