Under dual pressures, more weavers cut or halted production

Recently, under the influence of disturbing factors such as the Fed's interest rate increase and the conflict between Russia and Ukraine, market players took a wait-and-see approach and customers' willingness to purchase was weak. In addition, as the pandemic has circulated since mid-March, epidemic prevention and control in China have escalated, which limited the logistics of many fabric mills, so freight has risen sharply, and trading in the rayon grey fabric market has been bleak recently. More weavers in Shandong Gaomi, Nantong, Fujian, Quanzhou and Guangdong Foshan cut or halted output. Operating rate was mainly 30%-60%, and some small and medium-sized weavers had a holiday of about 7 days during the Sweeping Tomb Festival holidays. Recently, the O/R of printing and dyeing mills in Jiangsu and Zhejiang has dropped to about 60%, with fewer orders and short delivery time, about 5-7 days