Coal price was expected last week to pullback, but it turned out that the price drop was limited. In some regions, coal price corrected down before rebounding. In Shaanxi and Inner Mongolia, the price of coal for chemical plants rebounded above 1,000yuan/mt delivered. The price rise was a correction Read More

Orders for autumn and winter dominate China local market and prices of lower-count ones are relatively firm.Recently, it is heard that downstream weavers are mainly processing the orders for autumn and winter and using cotton yarn with low counts. In addition, due to large spread between spot and fo Read More

The sharp fall of cotton price induced great divergences of cost among cotton yarn mills. At present, the cost of cotton stocks of the mills averaged at 18,000-19,000yuan/mt, some higher at 20,000yuan/mt or above 21,000yuan/mt and a few lower at 16,000yuan/mt or around. Read More

PIY enterprises showed big determination to curb price from falling while it will be hard to break the predicament. If downstream buyers commonly accept the new price mode, PIY market will embrace its highlight. PIY market is oversupplied with excessive capacity. High profit will be hard to be pract Read More

Downstream customers have been used to the price of PIY consistent with the polyester feedstock and bright PET fiber chip market. Therefore, most held bearish view when feedstock cost extended lower but PIY prices remained high, focusing on digesting PIY prepared before. However, downstream buyers g Read More

Market competition was escalating with rapidly expanding capacity in recent years, which resulted into falling profit on PIY market. Conventional PIY was obviously unprofitable in 2021. There was no new PIY capacity in the first half of 2022 but PIY producers were still under losses. To revert losse Read More