Wujiang water-jet loom has been a major consumer of NFY

Except for Wujiang water-jet loom, the cut in operating rate of other downstream sectors was less than NFY plants. But Wujiang water-jet loom has been a major consumer of NFY, and NFY demand was largely curtailed in Sep.

In addition, downstream buyers were not confident about late market trend, and they only restocked at need-to basis. Thus NFY inventory remained high as around 35.6 days by the end of Sep.