Orders of fabrics for masks entered the final stage

In May, the fabric mills entered the accumulation cycle again after destocking, but due to the continuous backlog of inventory, it was urgent for the weavers to liquidate. Although Shanghai lifted its two-month lockdown that aimed to curb COVID-19 case, there were no large number of orders and buyers still replenished stocks on need-only basis. The market witnessed limited price inquiry and low enthusiasm of ordering. The origin-tracing of export orders persisted, and the fabric mills could only choose foreign cotton. Home textile orders returned flat again after a small recovery in early-May. In Jun, the downstream demand is still plain, and the weaver mainly purchased stocks amid rigid demand. Entering the dull season in June, the increase in orders and on-machine orders remain bleak. On Jun 2, the orders could last for 5.5 days production, down about half from the same period last year.