With eased pandemic prevention and control policy

With eased pandemic prevention and control policy, recovering logistics, cold weather and rising feedstock price, the domestic demand for winter fabrics improved since early-Dec, especially fabrics for thermal winter apparels and warm beddings. The online sales of milk velvet beddings apparently grew. Replenishment appeared when the demand is expected to improve in 2023. Many fabric mills delayed their holiday schedule for the Lunar New Year's (LNY) holiday stimulated by rigid demand and speculative procurement. The run rate obviously ascended and stocks of grey fabrics declined well. Downstream buyers showed higher buying interest in feedstock. However, as the spread of pandemic affected by attendance rate of factories, the run rate of downstream plants dived.