VSF plants sold a number of fibers in advance before the Chinese Lunar New Year

VSF plants sold a number of fibers in advance before the Chinese Lunar New Year and spinners can generally consume the raw materials till mid-Mar, so they are not willing to be chasing up actively without more bulls after the holiday. It is also rational to see dull sales in VSF plants who are mostly fulfilling previous contracts. The pre-sales of most spinners is much less than that of VSF plants as yarns produced before early Mar has been sold in advance, but some vortex-spun yarn mills keep more pre-sales. According to current production and sales of spinners, stocks will be piled up rapidly. Less pre-sales before the Chinese Lunar New Year and low market activity afterwards indicates downstream demand and even sets the major tone in the first half of 2022