-
CPL: unstable spot trading, an unusual start in 2023
The bullish performance of caprolactam in January 2023 was out of market expectations. unit: yuan/mt Benzene listed price (North China) Benzene listed price (East China) Benzene East China spot CPL RMB spot Nylon 6 CS chip spot end-Dec 6500 6500 6450 11160 12100 Jan 10 6850 6650 682...Read more -
2022/23 Xinjiang cotton quality analysis (by Dec, 2022)
By Dec 31, 2022, inspection volumes of Xinjiang cotton totaled 2.9365 million tons, down 36% year on year. 1. Color index 2022/23 Xinjiang cotton color index (volume, by end Dec, KT) 2021/22 2022/23 Yearly change white, grade-1 7.15 10.52 3.4 white, grade-2 357.74 249.18 -108...Read more -
2022 polyester filament yarn market review
2022 market review Price rose at first but decreased later Macro economy was pressed by deteriorating external environment and adjusting inner policies in 2022, with various complex factors including Russia-Ukraine conflict, soaring energy price, repeated spread of pandemic and ...Read more -
Japan’s textile and apparel exports decline month-on-month in Nov
The latest data show that textile and apparel imports of Japan amounted to 237kt in November, down 3.1% year-on-year and 10.5% month-on-month. The volume from China was 128kt, down 10.7% year-on-year and 14.7% month-on-month. From January to November, Japan’s textile and apparel impo...Read more -
China’s PSF exports to recover to pre-epidemic level in 2022
According to China Customs, China PSF exports were 85.2kt in Nov, 2022, an increase of 3.5% year on year and up 10.6% from Oct. In Jan-Nov, 2022, exports totaled 908.5kt, up 8.4% year on year. With excessive supply and price advantage compared with overseas PSF, PSF plants of China are active to ...Read more -
Cotton linter import in Nov drops to a record low since 2009
Cotton linter import of China has been decreasing sharply since the second half of 2022, which keeps hitting new lows within the year. In Nov, the import volume even sets a record low since 2009. Cotton linter import market witnesses huge volatility in 2022. The import volume is close to 17kt in...Read more -
India’s textile and apparel exports slump for five consecutive months
From the volume of Indian cotton on the market recently, the 22/23 Indian cotton yield is lower than expected in the previous period, which is a support for Indian cotton prices. However, the downstream demand is relatively weak, and it will be further inhibited by high cotton prices. Whether cot...Read more -
Export and import of yarn in Taiwan China in 2019-Jan-Oct 2022
Export of yarn in Taiwan China in 2019-Jan-Oct 2022 Unit: Weight: tons; Value: US$1000; Unit price: $/kg Year Weight YOY growth rate% Value Share% YOY growth rate% Unit Price YOY growth rate% 2019 527,533 -10.08 1,430,977 15.75 -14.25 2.71 -4.65 2020 397,683 -24.58 1,012,605 13.63 -29....Read more -
Polyester: when will operating rate of downstream plants start reducing?
Operating rate of downstream plants extended higher for two weeks and the increment was bigger last week. Operating rate of DTY plants rose to 65% in Zhejiang and Jiangsu by last Friday: at 60-70% in Xiaoshan and Shaoxing, near 70% in Changxing, around 60-70% in Taicang, near 80% in Changs...Read more -
Cotton yarn inventory in mills slips fast amid the improvement of trades
Cotton yarn trading sentiment improved with the release of epidemic control and continuous firm ZCE cotton futures after entering into Dec. Cotton yarn sales of mills accelerated obviously compared to previous stage, and inventory reduced fast. Some medium and small-scaled mills have already had ...Read more -
Pakistani cotton yarn exports hit new low in recent ten years
1. Pakistani textile and apparel exports continue to move down in Oct, 2022 Pakistani textile and apparel exports slipped greatly recent months instead of sharp increase in the first half of this year. In Oct 2022, Pakistani textile and apparel export value hit new low and reached $1357 ...Read more -
Rising cotton price and falling cotton yarn price amid slack demand
Since early-Nov, ZCE cotton futures gradually rebounded and 01 contract has already rebounded about 1,300yuan/mt compared to the low point at previous stage. Regardless of futures rebound, spot cotton prices didn’t rise greatly, and cotton yarn prices even still dropped. The rising of ZCE cotton ...Read more -
Recent direct-spun PSF market operation sketch
During the National Day holiday, direct-spun PSF prices have been constantly rising driven by continual higher oil prices. PSF prices rise by about 400yuan/mt, and plant offers generally stand above 8,000yuan/mt. Traders increase the selling volumes at the level of 7,900-8,000yuan/mt, dragging do...Read more -
China’s GDP rises 3% year-on-year in first three quarters
China’s gross domestic product increased 3 percent year-on-year to 87 trillion yuan in the first three quarters of 2022, the National Bureau of Statistics said on Monday.Read more -
China’s foreign trade firms more upbeat in Q3: survey
China’s foreign trade companies expressed stronger confidence and maintained higher expectations regarding trade prospects for the entire year during the third quarter, revealed a survey conducted by the China Council for the Promotion of International Trade. Some 30.31 percent of the surve...Read more -
China’s retail sales of textiles and garments increased in Aug’ 22
China’s retail sales value of consumer goods totaled 3.6258 trillion Yuan in Aug 2022, up 5.4% year on year. Of the total, retail sales of garments, footwear, hats and knitwear scored at 96.35 billion Yuan in Aug, up 5.1% year on year. During Jan-Aug 2022, the retail sales of consume...Read more -
Is the rising PP short-lived?
Sep is the traditional peak season of PP, however, PP market is not as good as expected. In early Sep, PP futures continues to rise, and uplifts the spot market. Then, with the approaching of the Mid-Autumn festival, spot prices move up, with an overall increase of nearly 300yuan/mt. Compared wit...Read more -
EU textile and apparel sourcing: A half-year review
Textile and apparel demand gradually weakened since Jun this year. Export performance of countries like India and Turkey were poor. EU, as the world’s largest textile and apparel consumer market, its textile and apparel imports received much attention. The latest data showed that in June, E...Read more -
Some problems in cotton yarn market amid peak season
The sales in cotton yarn market have gradually improved since August. In September, the sales of cotton yarn continued to accelerate and the inventory of cotton yarn mills reduced fast. In some areas, the prices rose. However, there were some problems in the market at the same time. 1. Dom...Read more -
Direct-spun PSF may spike to 8,000yuan/mt with strong costs and gas supply restrictions
Direct-spun PSF plants cut production intensively due to the news of Reliance’s PX plant maintenance and gas supply restrictions in Jiangyin. From Saturday, offers from producers tick up by 200-400yuan/mt generally. Semi-dull 1.4D talking prices move up to 7,600-7,800yuan/mt, highly at 7,900-8,00...Read more -
China’s textile and apparel exports outperform domestic sales during Jan to Jul
This year, domestic sales of textile and apparel were relatively sluggish. From Jan to Jul, retail sales of garments, footwear, hats and knitwear above designated size declined by 5.6% year-on-year. In perspective of monthly sales, only Jun and July saw positive year-on-year growth, but the growt...Read more -
Styrene rises despite falling oil price, short squeeze continues
China’s styrene monomer continued its upward move in early September, despite the drop in crude oil on August 31. Buying activities in futures market persisted after the month-end delivery, in consideration of low port inventory. Styrene inventory level went down this week. Styrene m...Read more -
Flash floods ravage Pakistan, triggering worries over global cotton supply
Since mid-Jun, the monsoon rainfall appears in South Asia, and Pakistan begins to suffer much rainfall, higher than the normal level of previous years, triggering flash floods. Pakistan’s National Disaster Management Authority reports the death toll since the monsoon season began earlier th...Read more -
China crude oil imports drop on year in Jan-Jul
International crude oil fluctuates sharply in 2022. Supplies from Russia get interrupted due to sanctions, and demand is suppressed by high oil price and risk of economic downturn. China is a large consumer while its crude oil imports dropped on year in Jan-Jul 2022, reflecting some changes in cr...Read more
