-
Impact of yuan depreciation on PTA market
After the U.S. Federal Reserve announced a 50 basis point hike last week, its largest increase since 2000, the Dollar Index has risen as high as 104.19, a fresh 20-year peak, which triggered a depreciation of the renminbi, euro and yen. The recent depreciation of the RMB has directly drive...Read more -
China PP production down 5.24% m-o-m in Apr
Capacity and monthly production In Apr 2022, China PP granule production capacity was 32.785million mt/year, as no new plants had started commercial production during the month. China domestic production was assessed around 2.3915 million mt, up 5.17% on the year, but down 5.24% month-on-...Read more -
Japan’ s textile and apparel imports grow 15.9% in March
Japan’s textile and apparel imports increased 15.9 per cent to 349.36 billion yen in March this year. Apparel imports increased 15.2 per cent Y-o-Y and 25.6 per cent M-o-M to 247.7 billion yen during the month. Of this, imports from China increased 19.3 per cent Y-o-Y and 32.8 per cent M-o-M to 1...Read more -
How did EU-27 textile and apparel imports perform in Jan-Feb?
The epidemic in China has greatly affected people’s lives and the sales ratio of mills, while the European and American markets have gradually relaxed their lockdown measures where the production and life of the people have gradually returned to normal, and the situation of mills returning ...Read more -
Economy likely to recover after April doldrums
Fundamentals on firm footing as long-term growth prospects remain unchanged, NBS says China’s economy is supposed to see improvement this month despite weak business data in April, and economic activities may rebound with a gradual recovery in household spending and strong fixed-investment ...Read more -
Mar 2022 China polyester yarn exports sustained the sharp rise
Polyester yarn 1) Export China polyester yarn exports in Mar amounted to 44kt, up 17% on the year and 40% on the month. The big increase on the year was mainly because polyester yarn experienced sharp ups and downs as pulse and the exports shrank greatly last Mar, and the increase on the month w...Read more -
India’ s apparel & textile exports can benefit from Sri Lankan crisis and China plus strategy
Indian apparel makers revenues have been growing 16-18 per cent on account of Sri Lanka-China crisis and a robust domestic demand. In 2021-22 fiscal, India’s apparel exports grew over 30 per cent while ready-made garment (RMG) shipments totaled $16018.3 million. India exported most of its textile...Read more -
US textile and apparel imports exceeded 10 billion USD for the sixth month in a row
US offline consumption continued to be strong in Jan 2022. The latest data showed that US textile and apparel imports value in Jan 2022 increased to 10.19billion USD, up by 28% year-on-year, exceeding 10 billion USD for the sixth month in a row. The imports volume reached 8.59 billion m2, up by 3...Read more -
Does container marine market confront new supply chain crisis?
The impact of Russia-Ukraine conflict Some media pointed out that the conflict between Russia and Ukraine has seriously hindered the Black Sea shipping and exerted an extensive impact on international transport and the global supply chain. It was estimated that hundreds of ships are still trappe...Read more -
How is polyester yarn influenced by crude oil?
Russia is the second largest exporter of crude oil over the world, and the export volume takes up 25% in global export trades. Crude oil price has been intensely volatile since the outbreak of Russia-Ukraine war. As the sanctions on Russia by Europe and the US intensified, the concerns on supply ...Read more -
Russia-Ukraine conflict drives up natural gas and methanol prices
The intensifying Russia-Ukraine conflict has dealt a severe blow on global market. Several countries are stepping up the sanctions against Russia in financial sector and the sanctions could reach energy sector. As a result, crude oil and natural gas prices spike recently. On Mar 3, Brent crude oi...Read more -
International order cancellations affecting India’s textile mills
The cancelling of orders by international buyers due to cotton shortage is having a severe impact on the Indian textile mills, says Ravi Sam, Chairman, Southern Mills India Association (SIMA). He urged the government to remove import duties on cotton with immediate effect. Immediate removal of th...Read more -
Petrochemicals rise on surging oil after Russia attacks Ukraine
Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014, after Russia’s attack on Ukraine exacerbated concerns about disruptions to global energy supply. Brent rose $2.24, or 2.3%, to settle at $99.08 a barrel, after touching a high of $105....Read more -
Escalation of Russia-Ukraine tensions influences sales of direct-spun PSF
Crude oil had an upsurge close to $100/b amid the outbreak of Russia-Ukraine war this afternoon. PTA was also influenced and rocketed by 531% amid additional maintenance plans released. Accordingly, PSF futures followed to jump with an increase of 4.23%. In the morning, some spinners procured raw...Read more -
Impact of Russia-Ukraine tensions on rayon grey fabric export
After Putin signed two decrees recognizing “the Lugansk People’ s Republic” and “the Donetsk People’ s Republic” as independent and sovereign states, tensions between Russia and Ukraine escalated. Subsequently, the United States, Britain and the European Union ...Read more -
Styrene prices increase on less supply
Styrene monomer prices has stabilized since mid-February with few low offers heard, despite weak trading sentiment. DCE SM futures March 2022 contract closed at 9,119 yuan/mt, up 210yuan/mt or 2.36% from the previous settlement. Spot styrene price increased by 150yuan/mt to 9,100yuan/mt in...Read more -
Polyester yarn faces no pressure in Feb with low inventory
Around Spring Festival holiday, the rise of crude oil spurred polyester industrial chain from polyester feedstock, PSF to polyester yarn. However, this round of rise brings different changes to PSF market and polyester yarn market. 1. Polyester yarn inventory is low, lending support to the smooth...Read more -
ICE cotton futures market largely flat
ICE cotton futures market was largely flat. Contract of Mar closed at 121.93cent/lb, up 0.02cent/lb and contract of May closed at 119.52cent/lb, up 0.03cent/lb. Cotlook A Index reduced by 1.25cent/lb to 135.70cent/lb. Contract (cent/lb) Closing price Highest Lowest Daily change Daily ch...Read more -
2021 China cotton yarn exports recovered
2021 cotton yarn exports of China increased by 33.3% on the year, but still down 28.7% compared with that in 2019. (The data come from China customs and cover products under HS code 5205.) Dec cotton yarn exports of China amounted to 15.3kt, up 3kt from Nov, but down 10% on the year. 2021 cotto...Read more -
ICE cotton futures market goes up further
ICE cotton futures market went up further. Contract of Mar closed at 122.33cent/lb, up 1.41cent/lb and contract of May closed at 119.92cent/lb, up 1.48cent/lb. Cotlook A Index rose by 0.50cent/lb to 135.10cent/lb. Contract (cent/lb) Closing price Highest Lowest Daily change Daily change (%) ...Read more -
ICE cotton futures market gains slightly
ICE cotton futures market gained slightly. Contract of Mar closed at 120.92cent/lb, up 0.54cent/lb and contract of May closed at 118.44cent/lb, up 0.65cent/lb. Cotlook A Index reduced by 0.20cent/lb to 134.60cent/lb. Contract (cent/lb) Closing price Highest Lowest Daily change Daily change (%)...Read more -
Holiday plans of Chinese cotton yarn mills for 2022 Spring Festival
Cotton yarn market has experienced sharp fluctuation in 2021. With 2022 Spring Festival coming, the work of cotton yarn mills gradually comes to an end and holiday plans are also released. According to CCFGroup’s survey, the duration of this year’s holiday lasts longer than past years...Read more -
Will direct-spun PSF fall down after a continuous rise?
Direct-spun PSF has seen upsurge of 1,000yuan/mt or so in both futures and spot since early Dec when it rebounded from the bottom. During Dec, downstream bought the dips and stocked up frequently as direct-spun PSF price stayed in low territory. Then as the costs of polyester feedstock sustaine...Read more -
Dec’21 cotton yarn imports may move down 4.3% m-o-m to 137kt
1. Imported cotton yarn arrivals to China assessment Cotton yarn imports of China in Nov reached 143kt, down 11.6% on the year and up 20.2% on the month. It amounted to about 1,862kt cumulatively in Jan-Nov 2021, up 14.2% year on year, and up 0.8% from the same period of 2019. The imports in the...Read more
