After the National Day holiday, NFY plants’O/R continued falling

The production cut in end-Sep is mainly in Zhejiang and Jiangsu province, as the overall NFY plants’operating rate dropped from 88% to 59%. In October, Zhejiang and Jiangsu NFY plants had slowly recovered production, and local plants in Fujian were required to cut down production during Oct 4-8. Thus the average O/R of NFY industry further dropped to 54% by Oct 13.