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As many countries are unable to expand production, may the center of gravity of oil prices shift slightly downward?
At the beginning of 2022, the OPEC+ meeting planned to continue to release 400,000 barrels/day of crude oil production capacity in February. However, international crude oil prices…
The polyester giant is making big moves into the fields of new materials and new energy, and Asia’s richest man can’t sit still!
Compared with traditional chemicals, new materials such as PC, DMC, ABS, PBS, and PBAT have higher added value; at the same time, the implementation of the domestic “dual car…
Domestic refined oil products have “rised for the first time” at the beginning of the year. Hedge funds are betting wildly on the rise in crude oil futures prices. Can oil prices continue to rise?
According to CCTV News, on the morning of the 17th local time, oil tanker explosions and airport fires occurred consecutively in Abu Dhabi, the capital of the United Arab Emirates,…
The cotton textile market is expected to have a holiday, and there is no short-term performance beyond expectations.
Last week, the domestic cotton textile market gradually entered a state of preparation for the holiday, and downstream dyeing and finishing plants began to shut down one after anot…
RCEP comes into effect and will have a profound impact on my country’s textile and apparel industry
On January 1, 2022, the “Regional Comprehensive Economic Partnership Agreement” (RCEP) officially came into effect in 15 member countries, marking the official launch o…
ICE cotton futures rebounded strongly, foreign cotton transactions were valuable and the market was low
On January 14, ICE cotton futures continued to rebound strongly. The main contract not only reached a high of 118.50 cents/pound again, but also hit a new high of 119.90 cents/poun…
The spot market for imported yarn is active, and the market is slightly optimistic after the holiday
During the week from January 10th to 14th, the imported yarn spot market remained active, with some terminals actively stocking up, and some traders actively stocking up to prepare…
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The international cotton market is booming and the industry is experiencing new changes
In the week of January 10-14, the international cotton market was still booming. The main March contract of ICE cotton futures reached a new level, reaching a new high of 119.70 ce…
Cotton prices fluctuate strongly, and textile enterprises’ purchasing volume decreases significantly
That week (January 10-14, 2022), the domestic epidemic continued to spread, and new confirmed cases continued to be added in many places. However, the severe epidemic prevention an…
US$315.47 billion! Textile and apparel exports hit record high in 2021
2021 marks the 20th anniversary of China’s accession to the World Trade Organization. Over the past year, China’s economy has continued to recover, its epidemic prevention an…