the export volume is expected to perform well with faster resumption of work by downstream plants

Leading VFY companies like Jilin Chemical Fiber and Xinxiang Chemical Fiber generally lowered operating rates in the first half of 2022 due to the COVID-19 epidemic and Winter Olympics, but the operation had resumed in the second quarter and selling pressure was alleviated owing to destocking. In the second half of year, VFY plants are expected to maintain healthy production activity. Moreover, the export volume is expected to perform well with faster resumption of work by downstream plants as well as better end-user demand from major consumer markets like India and Pakistan