Cotton linter market opened the year with a good start, but under the influence of several factors such as geopolitical conflicts, aggressive interest rate hikes by the Fed and ban on Xinjiang goods, the prices gradually dropped, coupled with big ups and downs. According to customs data, cotton lint Read More

As price of PTMEG and BDO extended lower and has not touched historic low, spandex plants controlled operating rate to reduce losses amid high inventory. The losses of spandex plants based on spot raw material prices have hit the highest since the COVID-19 pandemic in end-Q2 and early-Q3 of 2022. Th Read More

The growth rate of capacity of BDO, PTMEG and spandex was all near 20% and hit multi-year new high. However, demand for spandex saw rare negative growth as the consumption of textiles and apparels lacked upward momentum. The promotion of biodegradable plastics was slow with slower growth rate of GDP Read More

The consumption of textiles and apparels grew without strong momentum under economic downturn pressure. New export orders also slipped. The operating rate and orders of fabric mills was worse than the same period of last year. Some fabric mills even turned to produce fabrics without spandex or with Read More

Interruptions of plant operations have been frequently heard in Iran since early Jul. Kaveh’s 2.3 million mt/yr methanol plant was shut on Jul 2 due to technical issue. Busher’s 1.65 million mt/yr plant was shut in mid-Jul and Marjan’s 1.65 million mt/yr plant was also taken offline in mid-Jul due t Read More

With methanol price dropping continuously, PP to 3*methanol price is recovering rapidly to this year’s high point, indicating recovery of MTO plant profits. China MTO plant operating rate is expected to hover high, apart from some scheduled plant maintenance. Gansu Huating’s 200kt/yr MTP (methanol-t Read More