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The operating rate of downstream fabric mills was recovering since mid-Apr. In May, downstream plants witnessed limitedly increasing orders due to rising cost. Stocks of fabrics were still mainly above one month, higher above 2 months, which occupied much working capital. However, price of fabrics w
The operating rate of downstream fabric mills edged down gradually. In the first half of Jan, some fabric mills in Guangdong adjusted up run rate to deliver pre-holiday orders, improving overall trading sentiment in early Jan. Around Jan 20, the mills shut down for holiday gradually and the operatin
