Cotton grey fabric market was extremely slack this year. On the one hand, export orders were scarce due to the sanction on Xinjiang cotton. On the other hand, domestic sales were also weak. Domestic sales ratio of textile and apparel enterprises above designated size reached more than 75%. There was Read More

On demand side, methanol’s downstream plant operating rate has been hovering low since the slack demand season. Some MTO plants in East China lowered run rates due to poor economics, and are unlikely to recover in the near term. As of Aug 19, the composite operating rate of methanol’s downstream pla Read More

Last week, heavy rains wept over Inner Mongolia and Shaanxi Province. Ordos of Inner Mongolia issued notice to shut coal mines and suspend selling coal. As a result, mine-mouth coal price in interior regions rose to 860-950yuan/mt. With firm cost, the losses in methanol production based on coal aggr Read More

On Aug 22, China’s Central Bank cut 1-year LPR by 5 basis points to 3.65% and lowered 5-year or longer tenure LPR by 15 basis points to 4.3%. Earlier on Aug 15, the MLF was reduced by 10 basis points, releasing signals for LPR cuts. And then, LPR was lowered as expected, in a response to weak econom Read More

Imports of spandex declined by 7.4% or 853 tons on the year to 10.6kt in in Jan-May, and the average import unit price was at $10.364/kg in Jan-May, up $1.804/kg y-o-y. Imports of spandex amounted to 3,488 tons in May, up 41.9% y-o-y and 51.5% m-o-m respectively, with import unit price averaged at $ Read More

According to the latest data from China customs, exports of spandex amounted to 35.1kt in Jan-May, 2022, a year-on-year decrease of 13.4% or 5,435 tons. The average export unit price was at $9.007/kg in Jan-May, 2022, up by $1.335/kg on the year. Exports of spandex reduced month by month in Jan-May, Read More