Orders increased sharply and inventory decreased! The textile and apparel industry is picking up, and spandex prices have bottomed out
Spandex is a kind of elastic fiber, mainly used for textile clothing fabrics, with spandex added to the fabric Can effectively improve softness and wrinkle resistance. Due to the high production capacity of the industry, domestic spandex prices once fell to 32,000 yuan per ton. However, reporters recently learned during a visit that the price of spandex has begun to bottom out and rebound.
Orders increase, inventory decreases, and domestic spandex prices bottom out
Guan Dezhong is the workshop director of a large spandex company in Henan. He told reporters that since 2023, the company’s order volume has increased significantly. In a spandex company in Shaoxing, Zhejiang, reporters also saw that two production lines were operating at full capacity.
The increase in order volume and the reduction in corporate inventory have also led to a rebound in domestic spandex prices. Data show that from February 27 to March 3, the average price of domestic spandex increased by about 4,500 yuan/ton from the lowest point.
Increased demand from textile and apparel companies supports the rebound in spandex prices
During the interview, the reporter learned that with thetransformation and upgrading of clothing consumption in recent years, the application of spandex in the textile and clothing industry has increased significantly. At present, the domestic textile industry is picking up. , and also provided certain support for the upstream spandex price.
Statistics show that in the current domestic textile industry, the operating rate of circular knitting machines has increased from 20% before the Spring Festival to 40%-50%, and the operating rate of the warp knitting field has increased from 20% before the Spring Festival to The previous 30%-40% has been increased to 70%. At a textile fabrics company in Xinxiang, Henan, the reporter saw dozens of circular textile machines rushing to make orders. The person in charge told reporters that their orders are mainly concentrated in major textile provinces such as Zhejiang, Jiangsu, and Guangdong. After the Spring Festival, the number of orders has increased significantly, and their output has also increased.
It is understood that with the upgrade of clothing consumption, the usage of spandex in the textile and clothing field has increased significantly, gradually increasing from the traditional 3%-5% to the current 10%-25%, especially in some sportswear and yoga wear. , The proportion of spandex added in sun protection clothing products is higher. Industry insiders believe that the recent recovery in the downstream textile and apparel industry has directly driven the recovery in spandex prices.
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