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Industry News | Time: Dec 20 2019 10:12AM
Production of setting machine in printing and dyeing units limited in Wujiang
 
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Affected by environmental protection inspection, the production of setting machine in some printing and dyeing plants in Shengze, Wujiang is limited by 50%, which will last until December 31, 2019. The setting machine is unlikely to resume production before the Spring Festival holiday when the steam supply will be suspended near Jan 6 and workers will return home for holiday at the end of year, which is supposed to impact the delivery of some tail-in orders and the sequent order-taking and delivery. Coupled with high stocks of some descriptions, operating rate of fabric mills and twisting units is likely to reduce ahead of schedule in Wujiang. The specific decrement will be reflected in the operating rate of fabric mills and twisting units in Zhejiang and Jiangsu released by CCFGroup.
[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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