Has the conflict between Russia and Ukraine become a “floating cloud”?  Oil prices are unlikely to return to high levels this year

Has the conflict between Russia and Ukraine become a “floating cloud”? Oil prices are unlikely to return to high levels this year



On November 28, international oil prices fell to an 11-month low, with the main WTI crude oil futures contract once falling to US$73.60/barrel, and the main Brent crude oil contrac…

There was a big fight!  Poland: The price limit plan is ridiculous, it must be 30 US dollars per barrel!  Greece and other countries oppose… Can Europe’s price limit on Russian oil still be implemented?

There was a big fight! Poland: The price limit plan is ridiculous, it must be 30 US dollars per barrel! Greece and other countries oppose… Can Europe’s price limit on Russian oil still be implemented?



This week, the European Union launched a new round of negotiations on Russian oil price limits. The negotiation scene was very ugly for a time, but in the end, no agreement was rea…

Why are Chinese buyers canceling U.S. cotton contracts in large numbers?

Why are Chinese buyers canceling U.S. cotton contracts in large numbers?



The U.S. Department of Agriculture’s export report shows that from November 11 to 17, 2022, the net contracted volume of U.S. upland cotton in the 2022/23 year was -26,400 to…

The World Cup is in full swing, and cotton prices are unlikely to rise or fall sharply

The World Cup is in full swing, and cotton prices are unlikely to rise or fall sharply



From November 21st to 25th, ICE cotton futures trading hours were shortened and prices fluctuated and fell. The main March contract barely closed at 80 cents, down 3.60 cents a wee…

Demand is weak and global oil prices have fallen significantly. Can OPEC turn the tide?

Demand is weak and global oil prices have fallen significantly. Can OPEC turn the tide?



In the month of November that just ended, my country’s crude oil demand declined due to the impact of the epidemic. SC crude oil experienced the largest monthly decline in tw…

Why do cotton yarn spot trends deviate from cotton yarn futures?

Why do cotton yarn spot trends deviate from cotton yarn futures?



Since November, cotton yarn futures have bottomed out and rebounded. The main contract CY2301 has risen from 19,000 yuan/ton to 21,485 yuan/ton. It is currently consolidating in th…

The 2.5 million tons PTA device is about to be put into operation!  Severe tearing between upstream and downstream, PTA companies suffered losses throughout the year!

The 2.5 million tons PTA device is about to be put into operation! Severe tearing between upstream and downstream, PTA companies suffered losses throughout the year!



In recent years, the PTA industry chain integration project has continued to improve, new equipment has been put into operation, some backward production capacity has been cleared,…

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The volume of new cotton on the market has dropped by nearly 50%, and India’s cotton production may be overestimated!

The volume of new cotton on the market has dropped by nearly 50%, and India’s cotton production may be overestimated!



According to statistics released by India’s AGM, as of December 4, 2022, India’s cumulative cotton market volume in 2022/23 is approximately 908,400 tons, a decrease of…

Foreign cotton: ON-CALL’s downward trend continues

Foreign cotton: ON-CALL’s downward trend continues



According to CFTC statistics, as of November 29, 2022, the long rate of ICE Cotton Futures Fund has dropped to 6.92%, a drop of 1.34 percentage points from November 22; and as of N…

Supply and demand reversal!  Shipping containers are “waiting for cargo to arrive”, and a large number of empty containers are piled up at the port!

Supply and demand reversal! Shipping containers are “waiting for cargo to arrive”, and a large number of empty containers are piled up at the port!



In the past two years, the shipping market has undergone a transformation from “a container is hard to find” and “a cabin is hard to find” to “empty c…


 
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