China's spandex production capacity exceeds demand

China’s production capacity of spandex, a synthetic fibre known for its exceptional elasticity, has grown rapidly in the last two years and it now exceeds the domestic demand.

 

China's production capacity of spandex, a synthetic fibre known for its exceptional elasticity, has grown rapidly in the last two years and it now #

China’s spandex production capacity has grown at an average annual rate of 15 percent to reach 500,000 tons/year over the past two years. In comparison, the domestic demand for spandex is only about 400,000 tons/year. Thus, there is an oversupply of nearly 20 percent.

 

China's production capacity of spandex, a synthetic fibre known for its exceptional elasticity, has grown rapidly in the last two years and it now #

This has resulted in a decline in the price of spandex by as much as 55 percent from 100,000 yuan/ton to 45,000 yuan/ton during the last three years. 

 

China's production capacity of spandex, a synthetic fibre known for its exceptional elasticity, has grown rapidly in the last two years and it now #