Fabric traders and end-users who made finished goods were hurt the most

Fabric traders and end-users who made finished goods were hurt the most when prices of raw materials were volatile previously.Prices of raw materials surged when the regulation of energy consumption was strict in late-Sep and Oct, while buyers needed to prepare feedstock for the coming online shopping spree in Nov. As a result, many downstream players placed orders and even hoarded up a large quantity of fabrics. However, feedstock prices dropped rapidly later. Most fabric traders, especially those purchased for speculation, were held-up and saw serious losses. Some even canceled the oral orders with some fabric mills.