Margins of supply and demand improve, PTA prices show slight resilience
In the context of seasonal rigid demand for terminal orders, polyester load is expected to rebound slightly. PX and PTA will continue to be destocked in September, and PTA prices w…
U.S. cotton has undergone major adjustments, and it is difficult for Zheng Cotton to survive alone
That week (August 29-September 2, 2022), Zheng cotton maintained a volatile downward trend, and fell below the 10,000 mark in daily trading on Friday, with the lowest point once fa…
Traders are not active in following the decline, and imported yarn transactions have reached a semi-stagnant state.
According to feedback from cotton yarn traders in Guangdong, Jiangsu, Zhejiang, Fujian and other places, affected by factors such as the continuous sharp decline of ICE cotton futu…
Supply and demand expectations are improving, and the polyester chain is exploding across the board
International oil prices have stabilized, and the market’s expectations for polyester and downstream supply and demand are improving. The polyester chain broke out across the…
The results of crude oil diplomacy have returned to zero. What is the impact of OPEC+’s small production cuts?
Yesterday evening, representatives of OPEC+ stated that the organization would reduce production by 100,000 barrels per day from October to bring supply back to August levels. The …
The ethylene glycol market may fluctuate widely in September
In August, the domestic ethylene glycol market fluctuated and fell. The high point during the month was 4,325 yuan/ton in the first ten days of the month, and the low point was 3,8…
Freight rates continue to decline, with zero and “negative” freight rates emerging.
Affected by weak global demand and sluggish economic prospects, freight rates on major routes in the market continue to decline and may remain in a downward trend for a long time. …
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As a major textile exporting country, how much impact will the depreciation of the RMB have on textile companies?
The U.S. dollar index continues to rise, putting pressure on the exchange rates of non-U.S. currencies. The onshore and offshore RMB exchange rates have fallen against the US dolla…
Vietnamese factory orders dropped by 50%, a large number of workers returned home, and some workers returned to their old jobs…
Recently, according to Vietnamese media reports: “We spent a lot of effort and money recruiting workers and now we have to accept they’re leaving,” Mr Shipp said.…
International crude oil returned to weakness, and the polyester sector turned from rising to falling
Last night, international oil prices fell sharply again. During U.S. stock market trading, U.S. oil fell nearly 6% at one point, falling below $85/barrel for the first time since J…