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Profits of yarns strode forward in 2021
Yarns have seen record high profits in 2021. Some cotton yarn mills even reported that they have not seen the hotness for ten years, a polyester/cotton yarn mill said it obtained profits up to 15 million yuan in 2021, some rayon yarn mills also reported great profits overall… The below part d...Read more -
US textile & apparel exports up 17.38% in Jan-Nov 2021
The exports of textile and apparel from United States were up by 17.38 per cent year-on-year in the first eleven months of last year. The value of exports stood at $20.725 billion during January-November 2021 compared to $17.656 billion in the same period of 2020, according to data from the Offic...Read more -
Container marine market: tight shipping space & higher freight before LNY
According to the latest World Container Index assessed by Drewry, the container index rose by 1.1% to $9,408.81 per 40ft container by Jan 6. The average comprehensive index per 40ft container was at $9,409 year to date, around $6,574 higher than the 5-year average $2,835. After a steady decline i...Read more -
Feb to see the low of direct-spun PSF output
During Spring Festival holiday (Jan 31-Feb 6), most large direct-spun PSF plants will not reduce or suspend production. And the capacity of those who plan to cut or suspend production is below 200kt/yr. Firstly, most plants were shut down for maintenance during previous dual control on energy con...Read more -
ICE cotton futures market edges up
ICE cotton futures market edged up. Contract of Mar closed at 116.02cent/lb, up 0.80cent/lb and contract of May closed at 113.89cent/lb, up 0.82cent/lb. Cotlook A Index increased by 0.5cent/lb to 128.65cent/lb. Contract (cent/lb) Closing price Highest Lowest Daily change Daily change (%) ICE...Read more -
CHIC Spring Shanghai postponed to April 2022
Asia’s largest fashion fair CHIC Spring Shanghai has been postponed from March to April. Due to the new virus variant Omicron, the organisers of CHIC have pushed the schedule of the fair, which will now begin from April 14, 2022 in Shanghai. The trade fair team will now focus on working on ...Read more -
US apparel imports rise by 25.2%: OTEXA
US apparel imports surged by 25.2 percent to 2.51 billion square meter equivalents (SME) in November compared to the same month in 2020, according to data released by the Commerce Department’s Office of Textiles & Apparel (OTEXA). This followed a more modest 13.6 percent rise in year-over-yea...Read more -
The influence of RCEP on textile and apparel after it took effect
The Regional Comprehensive Economic Partnership (RCEP) agreement, the world’s largest free trade agreement, came into effect on first day of 2022. The RCEP includes 10 ASEAN members, China, Japan, the Republic of Korea, Australia and New Zealand. The 15 states’ total population, gross...Read more -
2021 chemicals & chemical fiber price changes
2022-01-05 08:04:22 CCFGroup Products 2020 2021 Change Crude oil WTI spot ($/bbl) 39.37 68.08 72.92% Brent spot ($/bbl) 43.19 70.91 64.18% Polyester PTA (yuan/mt) 3607 4712 30.62% MEG (yuan/mt) 3833 5242 36.77% Semi-dull chip (yuan/mt) 4844 6178 27.55% Bright chip (yuan/mt) 491...Read more -
CPL and nylon 6: still bullish before the Spring Festival
The bell of the New Year is about to ring. Looking back at in 2021, repeated pandemic causes, soaring raw material costs, and China’s dual control policy on energy consumption, nylon industry chain has been impacted in turn. The pressure on business operations is not negligible, and the competiti...Read more -
Crude oil-to-chemicals and other new processes in China
Typically processed in an oil refinery, crude oil is transformed into a variety of fractions such as naphtha, diesel, kerosene, gasoline, and high boiling residue. Crude oil-to-chemicals (COTC) technology directly convert crude oil to high-value chemicals instead of traditional transportation fue...Read more -
Clothing saw 5% YoY growth, textiles 7% fall during Jan-Sep 2021: WTO
The year-on-year (YoY) growth in trade values for manufactured goods in the first three quarters of 2021 was 5 per cent for clothing and minus 7 per cent for textiles, according to the World Trade Organisation (WTO), which recently said despite strong headwinds contributing to the overall decline...Read more -
ICE cotton futures market rises much
ICE cotton futures market rose much, stimulated by the higher financial and oil markets. Contract of Mar closed at 112.28cent/lb, up 3.16cent/lb and contract of May closed at 109.83cent/lb, up 2.78cent/lb. Cotlook A Index did not update on Monday. Contract (cent/lb) Closing price Highest Lowes...Read more -
Review of PP Market in 2021
Price trend In 2021, the overall China domestic PP granule market shows an “M” trend, with two price peaks throughout the whole year, the first peak in early March and the second in mid-October, which is the highest since 2019. In mid-to-late February, PP prices rose sharply. On the ...Read more -
China’s nylon filament exports may continue rising during the pandemic
In the past two years, under the impact of the COVID-19 pandemic, China’s nylon filament export has been changing greatly. In the past 5-6 years, the majority of new nylon 6 filament capacity still concentrated in Chinese mainland, China’s export has been on a gradual uptrend, as the supply was s...Read more -
PTMEG market may see weaker bullish support in early-2022
Spandex plants’high operating rate may reduce and the launch of new spandex units may be postponed with pressure from cost and inventory. As a result, spandex companies may reduce purchasing PTMEG and hold bearish view toward feedstock price tendency. Around 90% of demand for PTMEG is from spande...Read more -
US’ retail imports in 2021 show record growth despite pandemic: NRF
Imports at the major retail container ports in the United States are expected to end 2021 with both the largest volume and fastest growth on record despite supply chain disruptions brought on by the COVID-19 pandemic, according to the monthly Global Port Tracker report released by the National Re...Read more -
Container marine market may be stable and robust in 2022
During the peak-season before the Lunar Chinese New Year (Feb 1) holiday, hiking sea freight from China to Southeast Asian nations nearby added some fire to the hot marine market which has been disrupted by the pandemic. Southeast Asia route: According to the Ningbo Container Freight Index, the ...Read more -
Nov’21 cotton yarn imports may move down 2.8% m-o-m to 136kt
1. Imported cotton yarn arrivals to China assessment Cotton yarn imports of China in Oct reached 140kt, down 11.1% on the year and 21.8% on the month. It amounted to about 1,719 kt cumulatively in Jan-Oct, up 17.1% year on year, and up 2.5% from the same period of 2019. Affected by forward impor...Read more -
US weekly cotton export for week ending Dec 2, 2021
Net sales of 382,600 RB for 2021/2022 were up 2 percent from the previous week and 83 percent from the prior 4-week average. Increases were primarily for China (147,700 RB), Turkey (96,100 RB), Vietnam (68,400 RB, including 200 RB switched from Japan), Pakistan (25,300 RB), and Thailand (11,700 R...Read more -
Indian cotton production hard to increase with lower seed cotton arrivals
Currently, the arrivals of seed cotton in India are obviously lower than previous years and are hard to increase apparently, which is likely to be restrained by the 7.8% decline of planting areas and the weather disturbance. Based on current arrivals data, and historical cotton production and arr...Read more -
ICE cotton futures market inches up
ICE cotton futures market inched up. Contract of Dec closed at 111.55cent/lb, up 0.28cent/lb and contract of Mar closed at 106.72cent/lb, up 0.35cent/lb. Cotlook A Index reduced by 0.35cent/lb to 119cent/lb. Contract (cent/lb) Closing price Highest Lowest Daily change Daily change (%) ICE De...Read more -
Polyester industrial chain affected by the lockdown of Zhenhai District
Ningbo initiated a level 1 emergency response this morning. Zhenhai District implemented temporary lockdown measures and the entire district organized large-scale nucleic acid testing, including a detection point in the site of Zhongjin Petrochemical. Product Company Capacity Plant operation I...Read more -
MEG USD market continues its weakness
The market continues its weakness in the afternoon. Offers for Jan cargoes are at $626-629/mt, bids at $620-622/mt, and discussions around $622-625/mt. Mid-Jan cargoes are traded at $620-625/mt.Read more
