Although most factories in china now produce normal in March after virus control. the material cost of fabric and textile is reducing day by day in March.it has reduced over 20% after chinese new year.in end of this month.the cost of dty and fdy fiber reduced almost usd120/ton again.
Upstream crude oil plummeted.PTA supply and demand were unbalanced . costs continued to fall.Support was insufficient. The downstream weaving market is already scarred.inventory is rising.orders are shrinking and inventory is rising. Many knitting factories have decided to closed and production reductions during the peak season of "Golden Three Silver Four".and the market has entered the low season ahead of schedule.
So such lowest price is coming now.it is unbelieveable price in recently decades.
