SMM Hangzhou Thread Weekly Inventory: No Red Opening after the Festival, Inventory Highly Exceeds Last Year

As of February 21st, the social inventory of Hangzhou thread was 985,000 tons, with an accumulated inventory of 178,000 tons during the Spring Festival and 86,000 tons since the festival. The current inventory is significantly higher than the previous two years and is closer to the levels of 2021 and 2020.