Poor Quality Masks Led to Massive Price Drop of Raw Materials in China

In the wake of the global CCP virus pandemic, the Chinese Communist Party has attempted to "enhance its international image" by exporting large quantities of masks to overseas countries. But the poor quality of the masks was exposed along with demands to return the products. Presently, overseas orders have decreased tremendously, causing the price of raw materials such as non-woven fabric, which was once in high demand, to also decrease drastically. Chinese media Security Times (STCN) claimed in an article that, recently in China, the price of low-quality non-woven fabric has decreased from 450,000 yuan ($63,700 USD) to 2,000 yuan ($280 USD) per ton and the price of high-quality nonwoven fabric has also dropped from 650,000 yuan ($92,000 USD) to 400,000 yuan ($56,600 USD) per ton in just 6 days. STCN interviewed Ms. Xu, an investor in mask production in Yangzhong City, Jiangsu Province, China, and she indicated that the manufacturing machine for non-woven fabric was sold for 12,000 yuan ($1,700 USD) per unit before the epidemic. The price per unit increased to 30,000 yuan ($4,200 USD) after the outbreak and it once reached the peak of 150,000 yuan ($21,200 USD) per unit. However, this crazy price increase only continued until April 15th when the government suddenly decided to cease all production of the non-woven fabric.