In H1 2022, the export volume of nylon 6 chip has increased month by month, with single-month export volume breaking through 40,000 tons for the first time in June, reaching a new high. Read More

In short run, price of PFY will keep rebounding stimulated by macro atmosphere and the performance of commodities, which will further improve the downstream market sentiment and drive speculative demand. However, there are still no incentives from the market fundamentals of polyester and downstream Read More

As for the actual orders on terminal market, according to the survey made by CCFGroup, the composite order index increased by 1 to 36 from Jul 14 to Jul 28. Overall business improved limitedly and sustained poor. Water-jet lining fabric producers still saw bad business and mounting inventory. Warp k Read More

Polyester market witnessed moderately improving fundamentals since late-Jul. Profit of polyester products slightly advanced and some products tuned to be profitable instead of under losses. Stocks descended and the polyester polymerization rate increased, which may ascend to 79-80% in end-Jul, up by Read More

China's benzene imports fell below 300kt since April 2022. CFR China benzene, covered to yuan price, was higher than domestic yuan benzene in June. The price spread widened to an average of 600yuan/mt. Discussions in CFR China cargoes muted and some downstream plants even cancelled contracts. In Jul Read More

As China domestic yuan MX is much higher than USD price and exports from Asia to US reduce, China MX imports are expected to increase. Then, China yuan MX and PX spread may return to the normal range. However, it would take time for it to bolster PX plant operations. Firstly, the increase in MX impo Read More