Spandex outperformed in 2021 compared with nylon and polyester fibers

Spandex outperformed in 2021 compared with nylon and polyester fibers.

Spandex witnessed the highest profit, with profit of spandex 40D as high as 10,000-20,000yuan/mt. The cash flow of polyester POY 150D and FDY 150D was at 370yuan/mt and 30yuan/mt respectively after cost moved up. FDY saw apparently weaker cash flow. However, the cash flow of NFY POY 70D and FDY 70D was at 90yuan/mt and 290yuan/mt respectively. High-end NFY was popular in 2021, mainly covering FDY and some DTY. Therefore, the actual profit of most companies was much higher than conventional 70D. However, PFY was mostly conventional products and the competition was fierce under homogenization. Thus, the profit of NFY was not worse than that of PFY and the profit of nylon FDY was relatively better.