Spandex Market Prices in China

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17 December 2008 - The spandex market continues falling in China. Spandex (elastane) prices further dropped in the last two weeks in the country, reflecting lower raw material costs. MDI and PTMEG prices are sharply declining in Asia, forcing spandex makers in lowering their prices. Demand remains very weak from the textile industry with operating rates slashed to 50% and expansion plans being now cancelled.

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