Three points lead to a high proportion of U.S. cotton imports
According to feedback from cotton trading companies in Zhangjiagang, Qingdao and other places, since June, the focus of domestic cotton textile companies and middlemen’s inquiry/pu…
Demand continues to weaken, cotton’s long-term consolidation may not exist
Last week, the Federal Reserve raised interest rates by 75 percentage points, exacerbating concerns that the U.S. economy is headed for a deep recession. The December contract fell…
Freight rates continued to fall! The index of key routes fell, and the three major routes hit new lows!
The industry is eager for a rebound in cargo volume after Shanghai reopens, but so far, it has not happened. Recently, some U.S. media stated that U.S. import demand is declining s…
The surplus pattern is difficult to change, and ethylene glycol ranks among the top losers
Ethylene glycol still ranks among the top losers. Although there are expectations for a supply reduction due to the shutdown of Jinshan Petrochemical’s ethylene glycol unit t…
The dilemma of the polyester industry chain remains, with ethylene glycol the most “failing”
Affected by factors such as the sharp drop in cost-end crude oil prices, intensified overseas tightening, and weak domestic demand, the polyester sector has overall weakened recent…
International oil price trend “reversal”? Market differences are large
Recently, international oil prices have fluctuated greatly and have continued to weaken in recent days. Yesterday, the decline in international oil prices further expanded, with WT…
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Costs continue to fall, and the polyester chain suffers another setback
The spot price has not yet stabilized on the 22nd. On the 23rd, the main force of ethylene glycol continued to lead the decline in chemical products, closing at 4,706 yuan, down 4.…
U.S. tariff reduction may have limited impact on China’s cotton market
The cotton market has been falling recently. The main contract price of Zheng cotton has fallen to around 19,000 yuan/ton. Whether the market outlook will continue to fall below th…
The polyester filament market is “too much to bear”, and polyester bottle flakes are proud of the success.
Under the drastic changes in the domestic and international environment this year, the polyester industry chain is facing complex challenges. Especially since May, the high-cost pa…