End-users have almost built up enough stocks for autumn and winter

The sales tempo both at home and abroad has been disrupted amid the influence of COVID-19 pandemic and uncertainties in marine market, leading to mismatching of supply and demand this year. The price rises in slack season while falls in peak season.

End-users have almost built up enough stocks for autumn and winter and orders for next spring have not been placed, so weaving mills are under bigger pressure. Many of them in Shandong, Jiangsu and Guangdong shut down the facilities and some of them are closed for more than 20-day holiday.