The run rate of fabric mills has been lower than 30%

The run rate of fabric mills has been lower than 30%. Most factories have started Spring Festival holiday now, which is around 26 days before the Lunar New Year, the earliest in history. The holiday schedule of 2021 and 2022 was earlier than the previous years too, but was near 16-17 days before the Lunar New Year.

The resumption of production after Spring Festival holiday is not optimistic temporarily. On one hand, post-holiday orders do not appear temporarily, especially export orders. Most factories do not have post holiday orders now. On the other hand, the spread of pandemic is likely to be repeated after holiday due to the population mobility before the Lunar New Year's holiday. The attendance rate of workers after holiday is worrying just like before holiday. According to the survey made by CCFGroup, most factories will resume operation after the Lantern Festival (Feb 5). Therefore, most fabric mills will restart operation at above 50%, 20 days after the Lunar New Year’s holiday, namely near mid-Feb.