increasing units scale down output

Increasing spandex factories cut output since Q2 2022 when the spread of pandemic remained, the inventory burden intensified and more varieties became unprofitable. Above 180kt/year of spandex capacity was suspended now. The spandex capacity has been at 1,061.5kt/year in Chinese mainland after new units intensively started operation in Q4 2021 and H1 2022. The capacity of existing units increased by 7.4% on the year. Units in East China only ran at 76% of capacity and those with capacity below 20kt/year only ran at above 40% of capacity. Factories in Middle and West China still ran at above 90% of capacity. The operating rate of spandex industry was at 83% on the whole.