Some fabric mills were even reluctant to undersell

Recently, stocks of fabric kept declining substantially, almost close to the level at the same period of 2020. Some fabric mills were even reluctant to undersell. Actually, fabric mills saw higher feedstock inventory, rising price, higher processing fee and increasing operating rate now. Meanwhile, PFY plants, especially DTY producers, also saw reducing stocks, advancing price and higher processing fee. PFY market seemed to return to its prosperous cycle.