The tempo of traditional peak season and dull season has been disrupted by the pandemic

The tempo of traditional peak season and dull season has been disrupted by the pandemic. The operating rate of downstream fabric mills was around 20 percentage points higher on the year in Jan-Aug, 2021 and around 10 percentage points higher than the 2019 level. However, the run rate apparently dipped after Aug. Affected by the control of total amount and intensity of energy consumption, dyeing plants’operating rate obviously dropped in Zhejiang and Jiangsu, which will be bearish for the later operating rate of fabric mills.