BIS certification of India began in July 2013. BIS stipulated that 52 kinds of products must undergo mandatory registration. Products must be tested and registered according to specified standards in a local laboratory in India accredited by BIS. After successful registration by BIS, the products wi Read More

In summary, downstream demand is anticipated to face bigger downward pressure in medium run. The coming rainy day and heat summer weather will drag down the operating rate of downstream plants, which will also challenge the high inventory of PFY later. Many new PET bottle chip plants will start oper Read More

In terms of export of textiles and apparels, the export of textile and clothing in May was $25.32 billion, a year-on-year decrease of 13.4%. From Jan to May, the export of textile and clothing was $118.2 billion, a year-on-year decrease of 5.3%. As expected, due to the decline in overseas demand and Read More

Except for bigger losses, grey fabric mills also saw apparently falling orders in Jun after intensive order placement appeared in May. Downstream plants were less active in production. By Jun 8, operating rate of fabric mills decreased by 3 percentage points on the week. The decrement was not big, w Read More

Firstly, feedstock crude oil and naphtha weakened. Both PX-crude oil and PX-naphtha spread widened, sharing a same trend. Crude oil hiked before paring gains, hit by lukewarm demand and weak economic sentiment, despite that Saudi Arabia announced to cut production by an additional 1 million barrels Read More

From the recent changes in the operating rate of upstream and downstream industries, it is actually relatively favorable for CPL. There is a certain loss in CPL supply, but the operating rate of downstream nylon 6 has increased, and new devices have been put into production. On the other hand, a lar Read More