The Polytetramethylene Ether Glycol (PTMEG) market in Asia witnessed a substantial improvement in prices in December xxxx, primarily driven by escalating demand from the downstream spandex industry. The consistent expansion of the Spandex Fiber Market is fueled by a rising need for flexible and comfortable fabrics across diverse industries. The increase in Tetrahydrofuran feedstock prices further contributed to the overall uptrend in PTMEG prices. The recovery in the demand for spandex, a resilient and elastic fiber widely employed in apparel such as hiking gear and leggings, has propelled Hyosung TNC&#xx;s spandex facilities to operate at an impressive over xxx capacity.
Hyosung TNC&#xx;s spandex production facilities achieved a remarkable operational rate exceeding xxx, directly responding to the escalating demand for spandex in China. Notably, China witnessed a substantial surge in spandex demand, reaching xxx,xxx tons compared to the corresponding period in the previous year. The country&#xx;s...
