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Spandex prices plummet over 8% in China amid weak global demand

Insights

• Spandex prices in China have dropped over * per cent in last six months due to weak global demand.
• The FOB price of 20D spandex fell to $* per kg from $*.** per kg in December 2023.
• Domestic prices saw a similar decline, with spandex now at $*.** per kg, down from $*.** per kg.
• China remains the leading producer and supplier of spandex globally.