PTA continues to destock the market, and the pressure on downstream polyester to “guarantee supply and stable price” increases again
At present, PTA prices continue to rise and have reached the highest point since October 2018. PTA spot stocks are destocked, and the basis difference is strong. At the same time, …
Oil prices hit US$150/barrel, how far can crazy crude oil go?
Recently, the peak of oil demand in the northern hemisphere is approaching, and market concerns about insufficient supply have pushed oil prices to continue to rise, reaching new h…
Machinery is hidden in the crisis, production capacity is intensively expanded, and tens of thousands of looms and millions of tons of polyester are accelerated!
Recently, the construction of a number of new fabric projects across the country is accelerating. Especially in the vast central and western regions, with the continuous improvemen…
U.S. Extension of Product Exclusion for Special Medical Supplies Under Section 301 Measures
On June 3, 2022, USTR issued the latest announcement, extending the exclusion validity period of 81 products that were previously extended for six months from May 31, 2022, to Nove…
There is no short-term solution to the supply problem, and international crude oil prices have reached a new high!
In early June, international crude oil prices reached new highs. The July contract price of CME Group’s WTI crude oil futures once exceeded the US$120/barrel mark, while the …
The exchange rate hit a new low, and inflation hit a 20-year high! This diplomatically active country is experiencing serious economic troubles again
The Turkish lira’s exchange rate against the U.S. dollar fell by more than 2% on the 8th, once falling to about 17.1 to 1, the lowest level in nearly six months. After Turkis…
Forbes releases the top 2000 list, which textile companies are shortlisted for glory
Recently, Forbes released the 2022 Global 2000 list. A total of 399 Chinese (including Hong Kong, Macao and Taiwan) companies are on the list, 4 more than last year. Among them, ei…
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Chemical fiber and cotton costs soar: Uniqlo will increase the prices of some polar fleece and down jackets in Japan
Recently, according to Japan Jiji News Agency, due to the surge in raw material prices and transportation costs, UNIQLO announced that it will increase the prices of some autumn an…
National textile and apparel exports in May were better than expected, with a year-on-year growth of 20.4%
According to today’s statistical update from the General Administration of Customs, from January to May this year, the country’s textile and apparel exports reached US$…
The cotton yarn inventory of textile companies generally exceeds 30 days. The off-season is approaching. Are you still waiting for domestic demand to return?
From the perspective of the domestic epidemic situation and demand seasonality, cotton yarn demand will continue to improve in June. However, downstream demand has entered the trad…