New orders for grey fabrics sharply dropped this week, especially those for knitted fabrics

Warp knitting and circular knitting plants who saw good orders previously expressed that new orders were reducing. Decreasing new orders were mainly due to the following major reasons: 1. The delivery in some wholesale markets like Dieshiqiao in Nantong and Zhongda in Guangzhou were stifled due to the pandemic. New orders were suspended. 2. The orders for the online shopping spree on Nov 11 came to an end. Seasonal demand softened. 3. Downstream players held weak mindset and were cautious in placing orders, worrying feedstock price to decrease further. 4. The temperature was moderate now, and the expectation of the cold winter reduced.