China's Shengze Synthetic Fiber Fabric Price Index Rises to 101.03 on July 9

According to Jin10 Futures, on July 9, China's Shengze synthetic fiber fabric price index rose to 101.03 points, up 0.03 from the previous trading day. The market showed mixed signals as crude oil prices recovered; however, raw material costs compressed profit margins in the greige cloth segment, keeping it under pressure. Loom utilization rate declined slightly to 58.6% this week as the off-season deepened and downstream demand weakened. Greige cloth inventory remained stable at approximately 32.8 days' supply.
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