yarn mills basically maintain high operating rate except during the spring festival holiday

Rayon single yarn exported to five destinations (Brazil, Bangladesh, Pakistan, India and Vietnam) in Jul amounts to 7.805kt, down 24.9% y-o-y, accounting for 86% of total single yarn exports and the percentage has been falling for consecutive three months. The export structure has changed in Jul as the export to India has declined sharply to 965 tons, while that to Brazil rises significantly to 6.04kt with the corresponding origins of Zhejiang, Jiangsu and Fujian, hitting new highs since Feb 2021. In addition, the percentage of destinations other than the top five destinations also climbs up. If such condition continues later, there will be big changes in the export structure