Cotton yarn mills and weavers recently lowered run rate

Cotton yarn mills and weavers recently lowered run rate. Some weavers even suspended production and took holiday in advance. And more plants are planning advanced holiday.

Despite high inventory pressure, cotton yarn mills still operated at a relatively high rate compared with quickly-dropped run rate of weavers. Amid reduced procurement of weavers and underselling of traders, the sales of cotton yarn mills moved slowly and the inventory continued to rise.