Spandex started to rebound

According to monitoring, the overall start-up of the spandex downstream weaving industry rebounded in April and procurement efforts continued to increase. Looking at the Haining area of ​​Zhejiang Province, where weaving companies are intensive, orders have started to increase since late March. The operating rate has been 7-8 percent, and the spandex manufacturers have seen a steady increase in shipments.

The industry believes that this year's domestic spandex production capacity growth rate of nearly 3.8%, demand growth rate remained at 15% or more, the overall industry will continue to maintain the tight supply pattern, especially in the first half of the new production capacity is less. With the price of spandex rising steadily and the price of upstream raw materials remaining stable, the industry is expected to continue its boom in the first quarter. Among A-listed Spandex listed companies, Huafeng Spandex and Taihe New Materials had the highest pre-increase margins of 480% and 310%, respectively.