Firstly, it was because of soft demand

The consumption of textiles and apparels grew without strong momentum under economic downturn pressure. New export orders also slipped. The operating rate and orders of fabric mills was worse than the same period of last year. Some fabric mills even turned to produce fabrics without spandex or with low content of spandex. Middlemen rarely replenished, mainly with lower than one week of stocks. Demand for spandex dwindled. The inventory burden was mainly among spandex suppliers