The epidemic in Guangzhou, Xinjiang, Zhengzhou and Nantong affected the operating rate of enterprises in different regions

The epidemic in Guangzhou, Xinjiang, Zhengzhou and Nantong affected the operating rate of enterprises in different regions. The operating rate of both cotton yarn mills and fabric mills reduced because of epidemic control and the accumulated inventory due to the lack of orders. The operating rate of cotton yarn mills was 45.7% till yesterday, and moved down around 10% compared to that in end-September. The operating rate of cotton fabric mills slipped by about 7%. The demand didn’t have obvious support point in November, and the operating rate of yarn and fabric mills is expected to reduce further. The chart below is feedstock inventory condition.