Market players have shown apparently recovering mindset

Market players have shown apparently recovering mindset with eased pandemic prevention and control policy, having “strong” expectation from holding weak mindset. Fabric mills will gradually start Spring Festival holiday from late-Dec to early-Jan. Rigid demand for spandex will be muted. As the COVID infection peak is approaching in Zhejiang and Jiangsu, the production of fabric mills may be impacted to a certain extent. Some mills may be forced to shut down for holiday in advance. The downstream replenishment demand before and after the Spring Festival holiday should be noted.