Sales of cotton grey fabric market in China are still lukewarm. There are no large export orders and customers and weavers prefer short-distance and fast orders. Second, due to the epidemic, fabric mills were shut down, overseas customers chose to cancel or transfer orders to other countries. So, grey fabric orders in the downstream will shrink significantly.

Compared to previous years, this year's weaving mill shipments are significantly lower. Compared with the operating rate in recent years, that in 2020 is at a lower level. As of now, the rate is less than 50 per cent and the recovery speed is also slower. There are specific reasons. First, weavers in Hubei cannot resume work due to strict local epidemic prevention work. Second, due to the restricted store functioning, some mills opted for limited production. They are working below capacity since migrant employees have not yet returned to work.

In March, the market is somewhat lackluster. Downstream traders show weaker enthusiasm to stock up than in the same period of earlier years. The increase in orders is insufficient. So market confidence has weakened. Therefore, judging from the current fluctuations in the prices of upstream feedstock, grey fabric price is unlikely to rise significantly in March.