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In the first quarter, the market was almost closed during the Spring Festival. After the holiday, the new wave of COVID-19 cases in Northeast China and the epidemic control policy in other areas of China weighed on production of enterprises, circulation of staffs, transportation and freight cost. In
But at the same time, it's also necessary to pay attention to the market changes in the months around the Spring Festival. For plants operation, mills that reduced and suspended production previously were more likely to see a rebound in operating rate. However, yarn mills that basically held steady
PE CFR China market was in narrow range-bound since November, market price waved narrowly and fluctuated in the range of $10/mt. Even the market trading atmosphere was mild on the whole. The whole market was bearish with no negative and positive news, market participators offered accordingly. Almost
Observe from the demand side: Printing and dyeing plants saw insufficient orders. Price of dyestuff increased, while that of dyeing fee declined. Operating rate of fabric manufacturing plants and twisting units hit 6-year low in Zhejiang and Jiangsu.Stocks of PFY and PSF has exceeded the high level
