Reported 8 months ago
Market demand is picking up, with upstream and midstream textile yarn factories leading the way. Textile processing factories that experienced losses in the first quarter of this year like Lili (1444), Hongyi (1452), Hongzhou (1413), Jisheng (1455), and Lianfa (1459) have seen their operations in the second quarter with production line utilization rates rising to over 80-90%. With increased profit margins, they are expected to turn their core business from loss to profit. The textile processing industry anticipates busier production lines until the end of the second quarter or early third quarter, benefiting from increased customer inventory shipping adjustments. Companies like Lili and Jisheng have reported improved production line utilization rates and positive market outlook for the second quarter.
Source: YAHOO