Is end-user business weakening

According to the survey made by CCFGroup, the seasonal demand for polyester products and end-user demand grew in Aug and Sep. In fact, demand for cotton textiles and other fibers also witnessed similar trend.

Downstream market was not as bad as imagined after the National Day holiday. Knitted fabric market performed well. Warp knitting plants in Haining and circular knitting mills in Xiaoshan and Shaoxing saw good business. Warp knitting plants in Changshu also saw better status instead of under sluggishness before holiday. However, demand for water-jet fabrics remained bad in Wujiang, Jiangsu and dyeing plants in Shengze, Jiangsu also witnessed slack business. The operating rate of synthetic filament fabric printing and dyeing plants increased to 80%. The production needed to queue in some dyeing plants. In general, downstream market was divided now. Knitted velvet fabric performed better than woven plain fabric. End-user demand had some resilience.