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Chinese spandex hits new low in April, sheds 65% of 2021's peak value

24 Apr '24
3 min read
Chinese spandex hits new low in April, sheds 65% of 2021's peak value
Pic: Adobe Stock

Insights

  • In China, spandex prices continue to fall.
  • The material lost about 65 per cent of its peak value since late 2021.
  • Prices had reached highs in early 2022, but global demand slowdowns for garments and economic uncertainties have driven a persistent decline in spandex costs despite previous robust demand and optimism about its use in stretchable garments.

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