With the easing policy tendency receding, the weakest link would be the first to get impacted. After US, as the strongest economy, began bigger-than-expected interest rate hike, the impact would be more manifested by its knock-on effect. Consequently, investors were short selling in stocks, bond and Read More

On Jun 10, US released economic data for May, that the CPI surged 8.6% from a year ago, beating the forecast of 8.2% and exceeding Apr’s 8.2%, indicating the inflation remains elevated. As a result, US stocks tumbled that night. Due to the higher-than-expected inflation. Market expectation for Fed’s Read More

PFY plants faced high inventory and current stocks have reached the high level in 2020 at the beginning of the pandemic. Meanwhile, the losses expanded. PFY plants sped up to cut production, especially leading companies, which dragged down the operating rate. Read More

Domestic and export demand both rebounded sharply in the second half of 2020. In the first half of 2022, domestic demand rose weakly while export dropped, and overall upward momentum was slow. Jul and Aug are traditional slack season. Demand may not grow much, while speculative demand is likely to Read More

However, there were some positive signals on the market recently: export orders increased slightly on the month in some regions. The stocks of fabric continued ascending slightly but the accumulation speed slowed down amid low run rate. Price of grey fabrics moved down but the theoretical profit of Read More

High inventory of PFY and fabrics has been obviously depreciated and the operating rate accelerated descending. Sales of fabric have almost been in stagnation when it is during off-season now and feedstock price kept decreasing. Sales of PFY sustained meager and stocks accumulated to yearly high, ev Read More