Jul 27, 2023
Except for bigger losses, grey fabric mills also saw apparently falling orders in Jun after intensive order placement appeared in May. Downstream plants were less active in production. By Jun 8, operating rate of fabric mills decreased by 3 percentage points on the week. The decrement was not big, while it started falling earlier than market expectation, indicating bigger pressure on downstream market. The operating rate of downstream plants may tend to fall slowly later.